508 Summit St, Farmersville, TX, 75442
About This Home
This home is a prime investment opportunity. Offered as-is and priced below market value, this property is a blank canvas for the savvy investor looking to customize, renovate, or redevelop for maximum returns. Situated in a convenient Farmersville location with close proximity to US-380, the property offers excellent accessibility and strong appeal for future resale or rental potential. Nestled in a growing area with easy access to shopping, dining, and everyday amenities, it provides a strategic location with promising upside. Ideal for those seeking to add value through renovations or redevelopment, this property invites you to capitalize on a rare opportunity in a high-demand market.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1923
Type & Style
- Home type: SingleFamily
- Architectural style: Detached
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Other
Interior Area
- Total interior livable area: 999 sqft
Living Room
- Level: First
- Dimensions: 10 x 10
Master Bedroom
- Level: First
- Dimensions: 10 x 10
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp
Details
- Parcel number: R695200522701
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 8,712 sqft
Parking
- Parking features: No Garage,Off Street
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
- Tornado
- Heat Wave
- Cold Wave
- Inland Flooding
- Ice Storm
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $361 | $4,332 |
| Home Insurance * | $59 | $708 |
| Property Taxes | $88 | $1,056 |
| Electricity | $238 | $2,859 |
| Total | $746 | $8,952 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Pending sale | $84,997 |
| 2026-05-06 | Price change | $84,997 |
| 2026-04-27 | Price change | $89,997 |
| 2026-04-20 | Price change | $94,997 |
| 2026-04-02 | Listed for sale | $99,997 |
For Sale by Agent
View on Zillow