Investor Special – Prime Redevelopment Opportunity on Double Lot
Attention investors, builders, and visionaries! This property presents a rare opportunity for a full renovation or complete redevelopment. Situated on are two spacious lots, totaling .33 acre. The potential here is unmatched—restore the existing structure or tear down and build two new homes.
The current home is in need of extensive repairs and heavy rehab, making it ideal for experienced investors looking for their next project. With ample land and flexible possibilities, this property is perfect for maximizing value in a growing area.
Whether you're looking to renovate and resell, create rental income, or develop new construction, this property offers endless upside.
Sold as-is. No repairs will be made. Bring your plans and your vision!
Listing agent is the owner of the property
For sale
Price cut: $20K (5/20)
$125,000
402 E Locust St, Whitewright, TX 75491
4beds
1,927sqft
Single Family Residence
Built in 1900
0 Square Feet Lot
$-- Zestimate®
$65/sqft
$-- HOA
What's special
Ample land
- 73 days |
- 193 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Paul Tharman 0669009,
Norvell & Co LLC 214-991-0368
Source: NTREIS,MLS#: 21241587
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 14 x 14
Living room
- Level: First
- Dimensions: 24 x 16
Features
- Open Floorplan
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 1,927 sqft
Video & virtual tour
Property
Parking
- Parking features: Direct Access
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 0 Square Feet
- Dimensions: 14201
Details
- Parcel number: 170943
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Whitewright Sears H C
HOA
- Has HOA: No
Location
- Region: Whitewright
Financial & listing details
- Price per square foot: $65/sqft
- Tax assessed value: $77,818
- Annual tax amount: $1,499
- Date on market: 4/16/2026
- Cumulative days on market: 74 days
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
$1,839/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2026 | Price change | $125,000-13.8%$65/sqft |
Source: NTREIS #21241587 Report a problem | ||
| 4/16/2026 | Listed for sale | $145,000$75/sqft |
Source: NTREIS #21241587 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,499 +4.8% | $77,818 +4% |
| 2024 | $1,431 -12.7% | $74,812 -13.1% |
| 2023 | $1,639 +16.5% | $86,134 +30.6% |
| 2022 | $1,407 +74.2% | $65,967 +27.4% |
| 2021 | $807 | $51,783 +49.1% |
| 2020 | -- | $34,741 +6.4% |
| 2019 | $812 +11.3% | $32,665 +13.2% |
| 2018 | $729 | $28,858 +5% |
| 2017 | -- | $27,496 +12.7% |
| 2016 | -- | $24,395 -34.3% |
| 2015 | -- | $37,146 +12.8% |
| 2014 | -- | $32,925 +17.5% |
| 2013 | -- | $28,031 -14.8% |
| 2012 | -- | $32,884 -20.7% |
| 2011 | -- | $41,454 |
| 2010 | -- | $41,454 |
| 2009 | -- | $41,454 |
| 2008 | -- | $41,454 |
| 2007 | -- | $41,454 |
| 2006 | -- | $41,454 -1.8% |
| 2005 | -- | $42,235 |
| 2004 | -- | $42,235 +54.3% |
| 2002 | -- | $27,376 |
| 2001 | -- | $27,376 +52.8% |
| 2000 | -- | $17,911 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75491
Nearby schools
GreatSchools rating
- 7/10Whitewright Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 7/10Whitewright Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Whitewright High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Whitewright
- Middle: Whitewright
- High: Whitewright
- District: Whitewright ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Grayson County
- Whitewright
- 75491
- 402 E Locust St




