307 W Spruce Street, Whitewright, TX 75491

• 2 beds |
• 1 bath |
• 1,233 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 18, 2026 at 7:21AM

Listing Office:

Russell Realty : 469-919-4567

Listing Agent:

Dana Worth :

MLS ID:

21245175

Interior

• General: Paneling/Wainscoting
• Appliances: Electric Range
• Laundry: Washer HookupDryer Hookup
• Flooring: LinoleumWood
• A/C: Window Unit(s)
• Heating: Fireplace(s)Natural Gas
• Fireplace: DecorativeFireplaceFireplaces: 1

Exterior

• General: StorageWorkshop
• Style: CraftsmanDetached
• Other Structures: Workshop
• Pool: None
• Parking: Carport

Construction

• Roofing: Composition
• General: 1Pillar/Post/Pier

Location

• Road/Access: Asphalt
• Originating MLS: NTR
• School District: Whitewright ISD
• County: Grayson

Lot

• Zoning: OTP WHITEWRIGHTBLOCK 38LOT 5ACRES .163171121
• Fencing: Back YardWood

Utilities

• Utilities: Electricity ConnectedSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR