Tour
$1,428 Closing Credit¹
#20619266, Dan Cook, Listing Office: Houstonaire Real Estate, Inc.
$145,000 List price
206 S Preston St Wolfe City, TX 75496
$1,722
Closing credit¹
2 beds
2 full
1,230 sqft
0.2 acres
$118 / sqft
House
Property details
About 206 S Preston St
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!
Highlights
Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air
Size1,230 sqft
Lot size0.226 Acres
Year built1968
ParkingAttached Carport, Additional Parking, Driveway, Garage Faces Front, Garage
MLS #20893257
Attached garage1 space
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Electric Oven, Gas Cooktop, Microwave, Refrigerator, Vented Exhaust Fan
- Basement: No
- Flooring Type: Combination, Hardwood
- Interior: Paneling/Wainscoting
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Attached Carport, Additional Parking, Driveway, Garage Faces Front, Garage
- Exterior: Storage
- Architectural Style: Traditional, Detached
- Heating: Central, Natural Gas
- Cooling: Central Air
- List Price: $145,000
- Price/SqFt: $117
- Annual Tax Amount: $1,609
- Tax Year: 2024
- Lot: Cleared, Few Trees
- Directions: Use GPS.
- Year Built: 1968
- Living Area: 1,230 SqFt
- Lot Size: 0.226 Acres
- MLS Number: 20893257
- MLS Name: NTR
- Office Name: Monument Realty
- Office Phone: (214) 695-2745
- Listing Agent: Johanna Hernandez
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 5/5/2025, 10:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$145,000
206 S Preston St
$1,722
closing credit¹
Sell your home with Rocket and save even more!
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $89,410 | $1,609 |
| 2023 | $80,780 | $1,724 |
| 2022 | $73,360 | $1,724 |
| 2021 | $60,150 | $1,127 |
| 2020 | $45,220 | $1,127 |
| 2019 | $50,980 | $1,596 |
| 2018 | $58,660 | $1,596 |
| 2017 | $39,860 | $1,073 |
History based on county public records data.
Nearby schools
5
Wolfe City Elementary School
Public District PK-5
0.4 mi
•505 W Dallas St
5
Celeste Elementary School
Public District PK-5
9.3 mi
•605 W Cockrell St
5
Leonard Intermediate School
Public District 4-5
10.0 mi
•501 E Hackberry St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,861. The most common annual income of people living in Wolfe City, TX is between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
41%
<35k
42%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
33%
Single, No Kids
7%
Single, with Kids
35%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
43%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Monster Trucks
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Dollar General
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
Ram
GMC
What do the neighbors listen to?
New Country
Classic Country- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 206 S Preston St
The listing price of 206 S Preston St property is $145,000.
The property 206 S Preston St is a house located in Wolfe City, Texas, 75496.
Active Listing: 206 S Preston St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 206 S Preston St are: Wolfe City Elementary School (GreatSchools Rating 5/10), Celeste Elementary School (GreatSchools Rating 5/10), Leonard Intermediate School (GreatSchools Rating 5/10), Wolfe City Middle School (GreatSchools Rating 7/10), Celeste Jr High School (GreatSchools Rating 8/10), Leonard Jr High School (GreatSchools Rating 7/10), Wolfe City High School (GreatSchools Rating 6/10), Fannindel High School (GreatSchools Rating 4/10), Celeste High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $1,609 (source: MLS/based on county public records data).
The property at 206 S Preston St has 2 bedrooms and 2 bathrooms.
The property 206 S Preston St is 1,230 SqFt (source: MLS/tax record).
The year of construction for 206 S Preston St is 1968.
This home is located at 206 S Preston St in Wolfe City, TX and zip code 75496. This 1,230 square foot home, which was built in 1968, sits on a 0.23 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $145,000.
In April 2025 in Wolfe City, TX there were 29.4% more homes for sale than in March. The median list price of listings available in April 2025 was $274,000, while the average time on the real estate market was 112 days.
From Rocket Homes Real Estate and based on county public records data.