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Grayson, US
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.
Courtesy Of: Russell Realty
Feature Highlights
- Dining Room
- Fireplace
- Wood Floor
- Multi Parcel ID
General Features
- Style:
- Craftsman
- Foundation Type:
- Pillar/Post/Pier
- Garage:
- Carport
Public Schools
- School District:
- Whitewright ISD
- Elementary School:
- Whitewright
- Middle School:
- Whitewright
- High School:
- Whitewright
Interior Features
- Baths Full:
- 1
- Beds Total:
- 2
- Room Count:
- 4
- Fireplace Features:
- Decorative
- Fireplaces Total:
- 1
- Flooring:
- Linoleum,Wood
- Heating:
- Fireplace(s),Natural Gas
- Interior Features:
- Paneling
- Number Of Dining Areas:
- 1
Exterior Features and Amenities
- Lot Size Source:
- Public Records
- Subdivision Name:
- Otp Whitewright
- Roof:
- Composition
- Parking Features:
- Carport
- Lot Size Units:
- Acres
- Architectural Style:
- Craftsman
- Lot Size Area:
- 0.1630
- Exterior Features:
- Storage
- Fencing:
- Back Yard,Wood
- Lot Features:
- Few Trees,Interior Lot,Level,Lrg. Backyard Grass
- Lot Size:
- Less Than .5 Acre (not Zero)
- Lot Size Dimensions:
- .326
Utility Information
- Utilities:
- Asphalt,City Sewer,City Water,Electricity Connected
Financial
- Tax Legal Description:
- OTP WHITEWRIGHT, BLOCK 38, LOT 5, ACRES .163
- Transaction Type:
- For Sale
- Unexempt Taxes:
- $1,221.00
Other Features
- Parcel Number:
- 171121
- Foundation Details:
- Pillar/Post/Pier
- Possession:
- Closing/Funding
- Soil Type:
- Unknown
- Structural Style:
- Single Detached
- Easements:
- Utilities
- Will Subdivide:
- No
Directions
Go North on State Highway 121 North from US 75 through Melissa to State Highway 160 North, Exit and turn left. Go approximately 8.4 miles to US-69 South Beasley Blvd. Turn left. Turn left onto South Bond Street. Turn left onto W Spruce. House is on the left. NO UTILITIES NOW. GO ON A SUNNY DAY.
Copyright 2026 NTREIS. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange Program of the NTREIS. Real estate listings held by brokerage firms other than SRE-Sudderth Real Estate includes the name of the listing brokers.
Data last updated: 2026-04-21.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
