116 E Locust Street

Collinsville, TX
$ 115,000 Beds 1 Baths 1 Sq 504 Virtual Tour
Monthly Estimate* How much can I afford?

Located at 116 E Locust St in Collinsville, TX, this 1-bedroom, 1-bath home offers a great opportunity for investors or buyers seeking a simple, low-maintenance lifestyle. Currently operating as a short-term rental, this property is well-suited to continue generating income or to serve as an easy-to-manage personal residence. With approximately 504 square feet of living space , the layout is efficient and functional, featuring a comfortable living area, dedicated dining space, and a practical kitchen setup. The home sits on a manageable lot with city utilities in place, making ownership straightforward and hassle-free. Whether you’re looking to expand your rental portfolio, secure a turnkey short-term rental, or downsize into something more manageable, this property checks the boxes. Affordable, flexible, and easy to maintain—this is a great option in the growing Collinsville area.

Active

  • Price
  • $ 115,000
  • City
  • Collinsville
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • County
  • GRAYSON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.142 Acres
  • Zip
  • 76233
  • Sqr Footage
  • 504
  • Year Built
  • 1930
  • Taxes
  • $ 2042
  • Style
  • Traditional
  • MLS#
  • 21247713
Listed By: eXp Realty LLC
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Heat Pump
Cooling Window Unit(s)
Utilities City Sewer,City Water
Possession Closing/Funding
Roof Composition
Appliances Electric Cooktop
School District Collinsville ISD
Year Built 1930
Architectural Style Traditional
Levels One
Unexempt Taxes 2042
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Waldos 2nd Add
Transaction Type For Sale
Carport Spaces 1
County Grayson
Property Type Residential
Construction Materials Siding
Year Built Details Preowned
HOA Type None
Full Baths 1
Status Active
Directions GPS
City Collinsville
Elementary School Name Collinsville
High School Collinsville
Elementary School Collinsville
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21247713
Standard Status Active
Listing Terms Cash,Conventional

Interior Features

Interior Features High Speed Internet Available
Dining Areas 1
Living Areas 1
Room Count 2
Lock Box Type Blue BT LE
Total Bedrooms 1
Total Baths 1

Exterior Features

Parking Features Carport
Lot Size Less Than .5 Acre (not Zero)
Covered Spaces 1
Foundation Pillar/Post/Pier
Lot Size Area 0.1420
Lot Size Units Acres
Structural Style Single Detached
Lot Size Square Feet 6185.5200
Lot Size Acres 0.1420

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Collinsville Elementary School
Middle School Unknown Middle School
High School

Price History

4/24/2026 Listed $115,000

Property vs Zip Code Average in 76233

Price
AVG $1.12M
$120K
Taxes
AVG $5,280
$2,042
Year Built
AVG 1995
1930
Visits
AVG 139
157
Data Provided by Inside Real Estate®

Areas That We Cover

116 E Locust Street Collinsville, TX is a Single Family Home for sale at $115000 with 504 sqft and a lot size of 0.142 Acres Acre(s). 116 E Locust Street Collinsville has 1 bedrooms, 1 baths and was built in 1930. The property's zip code is 76233 which is in Collinsville, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.