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111 Spence St E, Sulphur Springs, TX, 75482

--beds
1baths
2,035sqft
$242,000
$119price/sqft
$1,830/moest. monthly cost
$73,200/yrincome needed

About This Home

Versatile 2-bedroom, 1-bath duplex located on Spence Street, offering a unique opportunity for residential or potential small business use. Each unit features a spacious living area, functional kitchen, two bedrooms, and one full bath, making it ideal for rental income or multi-use flexibility. Both units include a 1-car carport for convenient covered parking. Enjoy a convenient location that is still tucked away in a private setting with easy access to nearby amenities. Perfect for investors or buyers looking for adaptable space.

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

5/10
4/10

Construction

Condition

  • Year built: 1964

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Electric Cooktop,Electric Oven,Electric Range,Disposal

Bedrooms & Bathrooms

  • Bathrooms: 1

Features

  • High Speed Internet,Cable TV
  • Flooring: Carpet,Vinyl

Heating & Cooling

  • Heating features: Electric,Other
  • Cooling features: Electric,Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,035
  • Total interior livable area: 2,035 sqft

Property

Details

  • Parcel number: R000003672

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.25 Acres

Parking

  • Total spaces: 2
  • Parking features: Carport
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
Ice Storm
Strong Wind
Heat Wave
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,223$14,676
Home Insurance *$232$2,784
Property Taxes $137$1,644
Electricity $238$2,859
Total$1,830$21,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,742/yr
40% on housing$54,900/yr
45% on housing$48,800/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 75482$155
Hopkins County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 75482$159
Hopkins County$173

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-13Listed for sale$242,000

For Sale by Agent

AgentDavid Watson
BrokerageColdwell Banker Lakehaven Realtors

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