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307 W Spruce St

Whitewright, TX 75491
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Just listedJust listed
2 Bedroom(s)
1 Full Bath(s)
1,233 Sqft
0.16 Lot Acres
Residential - Single Family

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Description

ATTENTION INVESTORS, FLIPPERS, AND BUILDERS: This is the math-making project you have been waiting for in Whitewright. Priced aggressively at $94,900, this package includes a 1,233-square-foot historic 1910 cottage PLUS an adjacent 0.163-acre buildable lot with its own parcel ID (0.326 acres total). This property is being sold strictly AS-IS and is a prime candidate for a full cosmetic and systems overhaul. Whether you are looking for your next fix-and-flip, a long-term rental hold, or a multi-phase development project, the margins and exit strategies here are undeniable. The existing home features classic Texas cottage bones with a covered front porch, an attached carport, and a spacious layout that includes a converted great room with an original fireplace mantle. The interior currently features vintage wood paneling, a large eat-in kitchen footprint, and a combined utility and bathroom space that is ripe for reconfiguration. The property requires significant TLC, including roof evaluation, ceiling repairs, kitchen and bath gutting, and flooring, making it ideal for a seasoned contractor or cash buyer ready to get their hands dirty. The true X-factor is the extra lot. You have the flexibility to renovate the existing structure and sell the package, hold the home as a rental while building new construction next door, or split the parcels to maximize your return on investment. The property is connected to city water and sewer. Located just blocks from downtown Whitewright and local schools, the location offers strong resale or rental demand once completed. Do the math - With recent renovated sales in Whitewright pushing well past $150 per sq ft, the ARV potential on the existing home alone leaves plenty of meat on the bone, let alone the value of the vacant lot. Cash or conventional financing only. No blind offers. Bring your contractor, run your numbers, and submit your highest and best. This investor special will not last long at this price point.

MLS#
NTREIS-21245175
List Price
$94,900 ($77/Sqft.)
Listing Status
For Sale
Address
307 W Spruce St
City
Whitewright
State
TX
Zip Code
75491
County
Grayson County
Subdivision
Otp Whitewright
Legal Description
OTP WHITEWRIGHT, BLOCK 38, LOT 5, ACRES .163
Property Type
Residential - Single Family
Bedroom
2 Bedroom(s)
Bath
1 Full Bath(s)
Stories
1
Building Size
1,233 Sqft/Appraisal District
Architecture Style
Craftsman
Year Built
1910 /Appraisal District
Lot Size
0.16 Lot Acres/PUBREC

Exterior

Roof
Composition
Foundation
Pillar/Post/Pier
Private Pool
No
Lot Description
Few Trees, Interior Lot, Level, Lrg. Backyard Grass
Parking
Carport
Parking Space
Garage 0 / Carport 1 / Total Covered 0
Fencing
Back Yard,Wood
Easements
Utilities
Utility
Asphalt,City Sewer,City Water,Electricity Connected
Exterior
Storage

Extra details you may need to know

Dwelling Type
Single Detached

Interior

Fireplace
1/Decorative
Floors
Linoleum, Wood
Heating
Fireplace(s), Natural Gas
Appliances
Electric Range
Interior
Paneling

Rooms

Dining
1st
Primary Bedroom
1st
Bedroom
1st
Bath
1st

Lot Information

Lot Size
0.16 Lot Acres /PUBREC
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Listing Broker

Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Apr 20, 2026 at 03:26 PM
Listing last updated Apr 20, 2026 at 08:17 PM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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