Joe Reed

490 S First Avenue

Stephenville, TX
$ 89,999 Beds 3 Baths 1 Sq 956 Virtual Tour
Monthly Estimate* How much can I afford?

Unlock the potential of this 1930 home situated on a desirable corner lot just minutes from the ever-growing Tarleton State University. Offering 956 square feet, this 2-bedroom, 1-bath home also includes a small bonus room that could serve as an office, hobby space, or extra storage. This property is truly a diamond in the rough and is ready for someone with vision. While it needs significant TLC, the possibilities are endless. Restore the charm of this vintage home with a complete renovation or take advantage of the prime location and rebuild to maximize its investment potential. With the strong demand for housing near the university, this lot could be an excellent site for a duplex or income-producing rental property (subject to local zoning and city approval). Whether you’re an investor, builder, or someone looking for your next renovation project, this property offers an incredible opportunity to create value in a rapidly growing area. Don’t miss your chance to invest in a location with endless potential!

Active Option Contract

  • Price
  • $ 89,999
  • City
  • Stephenville
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • ERATH
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.174 Acres
  • Zip
  • 76401
  • Sqr Footage
  • 956
  • Year Built
  • 1930
  • Taxes
  • $ 1709
  • Style
  • Traditional
  • MLS#
  • 21343284
Listed By: J.J. HAMPTON REALTY
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Cooling Ceiling Fan(s)
Utilities Asphalt,City Sewer,City Water,Curbs
Possession Closing/Funding
Roof Composition
Appliances Electric Range,Electric Water Heater
School District Stephenville ISD
Year Built 1930
Architectural Style Traditional
Levels One
Unexempt Taxes 1709
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name South Side Add
Transaction Type For Sale
Occupant Type Vacant
County Erath
Property Type Residential
Construction Materials Siding
Year Built Details Preowned
HOA Type None
Special Notes Aerial Photo
Full Baths 1
Status Active Option Contract
Directions GPS Friendly: 490 S FIRST AVE
City Stephenville
Elementary School Name Central
High School Stephenvil
Elementary School Central
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21343284
Standard Status Active Under Contract
Junior High School Stephenvil
Listing Terms Cash,Conventional,Other

Interior Features

Interior Features Decorative Lighting,High Speed Internet Available
Flooring Luxury Vinyl Plank,Simulated Wood
Living Areas 1
Room Count 7
Lock Box Type Combo
Total Bedrooms 3
Total Baths 1
Laundry Features Electric Dryer Hookup,Utility Room,Full Size W/D Area,Dryer Hookup,Washer Hookup

Exterior Features

Exterior Features Covered Patio/Porch,Storage
Lot Features Corner Lot,Few Trees
Fencing Chain Link
Other Structures Storage
Parking Features Open
Lot Size Less Than .5 Acre (not Zero)
Foundation Pillar/Post/Pier
Lot Size Area 0.1740
Lot Size Units Acres
Structural Style Single Detached
Lot Size Square Feet 7579.4400
Lot Size Acres 0.1740
Patio And Porch Features Covered,Front Porch,Rear Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Central Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/28/2026 Listed $95,000
8/14/2026 6% - $89,999

Property vs Zip Code Average in 76401

Price
AVG $770K
$90K
Taxes
AVG $5,392
$1,709
Year Built
AVG 1983
1930
Visits
AVG 122
109
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

490 S First Avenue Stephenville, TX is a Single Family Home for sale at $89999 with 956 sqft and a lot size of 0.174 Acres Acre(s). 490 S First Avenue Stephenville has 3 bedrooms, 1 baths and was built in 1930. The property's zip code is 76401 which is in Stephenville, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Joe Reed

Joe Reed

REALTOR®

254-644-3686

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