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305 S Fm 1138, Nevada, TX, 75173

3beds
2baths
1,603sqft
$189,900
$118price/sqft
$1,610/moest. monthly cost
$64,400/yrincome needed

About This Home

Discover the potential of this charming 3-bedroom, 2-bathroom farmhouse-style home, nestled in the community of Nevada, TX. This property invites those with a vision to create their perfect homestead in this growing area. While the home requires some TLC, it promises a beautiful transformation into a dream home tailored to your taste & style. Stepping inside, you're greeted by an open floorplan that allows for flexibility in design & layout. The home features classic hardwood floors throughout that exude warmth & character. The kitchen & living spaces flow seamlessly, creating an ideal setting for entertainment & everyday living. Abundant natural light filters through every room, creating a bright & uplifting ambiance throughout the house. The primary bedroom offers a blank canvas for your personal retreat, while two additional bedrooms provide ample space for guests or the possibility of a home office or hobby room. Both bathrooms hold potential for customization & updating to suit your preferences. On the exterior, the quaint farmhouse charm is enhanced by a covered front porch, perfect for enjoying peaceful mornings or relaxing evenings. A large wooden deck extends the living space outdoors, ideal for private gatherings or simply savoring the setting. It’s important to note that the property does not have mechanical systems or appliances, offering a unique opportunity for buyers to tailor these aspects entirely to their specifications. This property presents a unique opportunity for those with a vision and desire to renovate & revive a home with great bones in a peaceful, rural type setting. Purchasers may use any lender they choose for the property purchase. However, the seller requires that all non-cash offers be pre-qualified by the NewRez Home Loan Division before negotiating the offer. Please be sure loan aligns with the condition of the property.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

6/10
--
Braves AcademyGrades 3-111.8 mi
5/10
Community High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1952

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional,Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Laundry in Utility Room

Bedroom

  • Level: First
  • Dimensions: 12 x 10

Bedroom

  • Level: First
  • Dimensions: 10 x 10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Open Floorplan
  • Flooring: Hardwood

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total interior livable area: 1,603 sqft

Living Room

  • Level: First
  • Dimensions: 16 x 16

Master Bedroom

  • Features: En Suite Bathroom
  • Level: First
  • Dimensions: 16 x 15

Property

Details

  • Parcel number: R0950001025C1

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck,Covered
  • Fencing: Wire

Lot

  • Lot size: 0.51 Acres
  • Features: Interior Lot

Parking

  • Total spaces: 1
  • Parking features: Gravel
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

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

  • Hail
    HailVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Tornado
Cold Wave
Heat Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe 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 $960$11,520
Home Insurance *$156$1,872
Property Taxes $256$3,072
Electricity $238$2,859
Total$1,610$19,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,200/yr
40% on housing$48,300/yr
45% on housing$42,933/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: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 75173$154
Collin County$205

vs Homes Sold Last Month

Median $/sqft

ZIP 75173$159
Collin County$185

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
2026-07-28Listed for sale$189,900
2026-05-06Listing removed$279,000
2026-01-26Price change$279,000
2025-12-09Listed for sale$299,000
2022-09-06Sold--
2022-08-18Pending sale$169,999
2022-08-18Contingent$169,999
2022-05-12Listed for sale$169,999

For Sale by Agent

AgentJodi Kerby
BrokerageColdwell Banker Apex, REALTORS

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