206 S Preston Street
Wolfe City, TX 75496
- 2 beds
- 2 baths
- 1,230 sqft
- 9,844 sqft lot
- $130 per sqft
- 1968 build
- – on site
Charming 2-bedroom, 2-bathroom home located in the quiet, close-knit community of Wolfe City, TX. Previously used as a rental, this property presents a great opportunity for investors seeking a cash-flowing asset or a potential fix-and-flip project. Some updates have already been completed, and with a little more TLC it can truly shine. The home features a spacious backyard with a storage shed, offering added value and versatility. Whether you’re looking to expand your investment portfolio or find a cozy space with equity potential. Wolfe City is just about 20 minutes from Commerce, 45 minutes from McKinney, and just over an hour from Dallas—offering a peaceful small-town lifestyle with access to nearby city amenities. Located in a good school district (Wolfe City ISD), this home is a smart pick for buy-and-hold investors or those looking to renovate and resell. Don’t miss this affordable opportunity in a growing area!
Last checked:
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Last updated Apr 4, 2025
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MLS# 20893257 —
The Building
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Year Built:1968
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Architectural Style:Traditional
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Structural Style:Single Detached
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Accessibility Features:No
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Roof:Shingle
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Basement:No
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Levels:One
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Construction Materials:Siding
Interior
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Interior Features:Paneling
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Flooring:Combination, Hardwood
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Laundry Features:Utility Room, Full Size W/D Area
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# of Dining Areas:1
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# of Living Areas:1
Room Dimensions
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Living Area:1230.00
Location
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Directions:Use GPS.
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Latitude:33.36925600
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Longitude:-96.06916000
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Parcel Number:74418
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Lot Features:Cleared, Few Trees
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Lot Size:Less Than .5 Acre (not Zero)
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Lot Size SqFt:9844.5600
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Lot Size Acres:0.2260
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Lot Size Area:0.2260
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Lot Size Units:Acres
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Exclusions:All tools, equiptment, and construction supplies in the garage & storage ,along with personal items inside the home, will be removed before closing.
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Fencing:Chain Link
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Exterior Features:Storage
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Other Structures:Storage
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Waterfront:No
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:3
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Tax Block:20
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Tax Legal Description:S4430 ORIG TOWN OF WOLFE CITY BLK 20 LOT 3 AC
Beds
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Bedrooms Total:2
Baths
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Total Baths:2.00
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20893257
Heating & Cooling
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Heating:Central, Natural Gas
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Cooling:Central Air
Utilities
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Utilities:City Sewer, City Water, Electricity Connected, Sidewalk
Appliances
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Appliances:Electric Oven, Gas Cooktop, Microwave, Refrigerator, Vented Exhaust Fan
Schools
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School District:Wolfe City ISD
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Elementary School:Wolfecity
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Elementary School Name:Wolfecity
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Middle School Name:Wolfecity
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High School Name:Wolfecity
The Community
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Subdivision Name:Orig Town Of Wolfe City
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Pool:No
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Association Type:None
Parking
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Garage:Yes
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Attached Garage:Yes
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Garage Spaces:1
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Garage Height:8
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Garage Length:18
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Garage Width:9
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Carport Spaces:1
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Covered Spaces:2
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Parking Features:Additional Parking, Attached Carport, Driveway, Garage, Garage Faces Front
Monthly cost estimate

Asking price
$160,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$856
|
Taxes | N/A |
Insurance | $44 |
Utilities | $143 See report |
Total | $1,043/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.