Tour
$2,078 Closing Credit¹
#20857258, Christina Money, Listing office: The Platinum Group RE, LLC
$160,000 List price
509 Lipscomb St Bonham, TX 75418
$1,900
Closing credit¹
2 beds
1 full
986 sqft
0.2 acres
$162 / sqft
House
Property details
About 509 Lipscomb St
Welcome home to this solid 2 bedroom, 1 bath brick house, full of potential and primed for your personal touch. This home sits on a slab foundation and has been well maintained over the years. It offers a strong structure and classic charm, making it an ideal investment property or starter home. Set on a generous lot in a quiet, established neighborhood, it maintains peace and privacy while staying close to everything that matters—great schools, quality healthcare, and easy access to shopping and main roads. Inside, you'll find central heat and air for year-round comfort, ample storage space, and a dining area open to the kitchen with plenty of natural light. Attached garage includes laundry hookups and offers potential for conversion into a third bedroom or expanded living space. Step outside to discover a shady backyard with mature trees and storage shed that adds both charm and functionality. With the community experiencing rapid growth, this well-kept home presents a prime opportunity in a highly desirable area—whether you're looking for your first home or a smart investment with room to grow. Solid bones, great potential, and an opportunity to add real value. Schedule your personal tour today.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size986 sqft
Lot size0.173 Acres
Year built1965
ParkingGarage, Private
MLS #20975208
Attached garage1 space
Virtual tour
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Gas Cooktop
- Basement: No
- Interior: Built-in Features, Eat-in Kitchen, Cable TV
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Garage, Private
- Architectural Style: Detached
- Heating: Central
- Cooling: Central Air
- List Price: $160,000
- Price/SqFt: $162
- Annual Tax Amount: $596
- Tax Year: 2024
- Directions: Across from TMC Bonham hospital. Use GPS
- Year Built: 1965
- Living Area: 986 SqFt
- Lot Size: 0.173 Acres
- MLS Number: 20975208
- MLS Name: NTR
- Office Name: FRONTIER PROPERTIES REAL ESTATE, LLC
- Office Phone: (903) 583-8721
- Listing Agent: Kaylen Maxey
©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: 6/23/2025, 12:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$160,000
509 Lipscomb St
$1,900
closing credit¹
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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 | $124,970 | $596 |
| 2023 | $114,480 | $596 |
| 2022 | $104,330 | $596 |
| 2021 | $82,090 | $596 |
| 2020 | $74,580 | $596 |
| 2019 | $68,940 | $596 |
| 2018 | $64,240 | $1,707 |
| 2017 | $61,410 | $1,629 |
History based on county public records data.
Nearby schools
2
Finley-Oates Elementary School
Public District KG-3
1.5 mi
•1901 Albert Broadfoot St
5
Ector Elementary School
Public District PK-6
6.0 mi
•301 S Main St
7
Savoy Elementary School
Public District PK-6
11.7 mi
•304 W Hayes 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 $32,574. The majority of Bonham, TX residents have income less than $<35k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
54%
<35k
37%
35k-100k
4%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
45%
Single, No Kids
14%
Single, with Kids
24%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
5%
12-17 yrs old
22%
18-34 yrs old
39%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Dollar General
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Country- Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 509 Lipscomb St
The listing price of 509 Lipscomb St property is $160,000.
The property 509 Lipscomb St is a house located in Bonham, Texas, 75418.
Active Listing: 509 Lipscomb St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 509 Lipscomb St are: Finley-Oates Elementary School (GreatSchools Rating 2/10), Ector Elementary School (GreatSchools Rating 5/10), Savoy Elementary School (GreatSchools Rating 7/10), Evans Elementary School (GreatSchools Rating 5/10), Rather L H (GreatSchools Rating 3/10), Leonard Jr High School (GreatSchools Rating 7/10), Bonham High School (GreatSchools Rating 3/10), Dodd City School (GreatSchools Rating 7/10), Ector High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $596 (source: MLS/based on county public records data).
The property at 509 Lipscomb St has 2 bedrooms and 1 bathroom.
The property 509 Lipscomb St is 986 SqFt (source: MLS/tax record).
The year of construction for 509 Lipscomb St is 1965.
This home is located at 509 Lipscomb St in Bonham, TX and zip code 75418. This 986 square foot home, which was built in 1965, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 21, 2025 and is currently priced at $160,000.
In May 2025 in Bonham, TX there were 18.4% more homes for sale than in April. While the average time on the market in May 2025 was 87 days, the median list price was $249,900.
From Rocket Homes Real Estate and based on county public records data.