518 S 3rd Street, Bonham, TX 75418 - Photo 1

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$25,000

For Sale
Active
Lots/Land
0.207 Acres

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Property Description

Great building lot located in South Bonham. This neighborhood in Bonham is being revitalized. Located near Powder Creek Park, which offers a beautiful walking trail, Splash pad, covered area for picnics and wonderful park for Children to explore. Nice opportunity to build a single family home or Duplex. No survey available.

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Full Property Details

Full Property Details for 518 S 3rd St

General

Price: $25,000
Taxes: $494
Status: Active
Type: Lots/Land
Source: NTREIS
MLS ID: 20947701
Updated: 11/20/2025
Added to Site: 222 day(s) ago

Business

Business Type: Build to Suit

Location

County: Fannin
Subdivision: Reich Add
Driving Directions: Please use GPS

School Information

Elem School District: Bonham ISD
Midd School District: Bonham ISD
High School District: Bonham ISD
Elementary School: Evans
High School: Bonham

Utilities

Sewer: Public Sewer
Water: Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Sewer Available, Water Available

Structural Information

Detached/Attached: Detached
Current Bldg. Use: Residential, Single Family

Lot Features

Lot Size (Acres): 0.207
Lot Size (Sq. Ft.): 9,016.92
Lot Size Source: Assessor
Frontage: City Street
Lot Features: Interior Lot, Few Trees, City Lot
Zoning: Contact City of Bonham for questions regarding zoning

Financial Considerations

Tax Amount: $494
Terms: Cash, Conventional

Disclosures and Reports

Documents Avail.: Aerial
Legal Description: REICH ADDN, BLOCK 27, LOT E 60' OF 5, 6
Property ID: 93251
Block: 27
Lot Number: E

Listed by Penny Meyer, Penny Meyer

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— 518 S 3rd St —

Penny Meyer

Penny Meyer

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Schools

Schools serving 518 S 3rd St

School District:Bonham Independent School District

Name	Grades	Distance
Evans Elementary School 1300 North Main Street, Bonham, TX 75418	4-6	1.2 mi
Finley-Oates Elementary School 1901 Albert Broadfoot Street, Bonham, TX 75418	K-3	1.6 mi
Rather L High School 1201 North Main Street, Bonham, TX 75418	7-8	1.1 mi
Bonham High School 1002 Warpath Drive, Bonham, TX 75418	9-12	1.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 S 3rd St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/20/2025

Price Reduced

$25,000

-28.57%

MLS

8/04/2025

Price Reduced

$35,000

-12.28%

MLS

6/10/2025

Listed

$39,900

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 518 S 3rd St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$494

—

$31,310

23%

2024

$494

100%

$25,460

-8%

2018

100%

$27,800

-26%

2018

100%

$37,470

-22%

2018

100%

$47,770

15%

2018

100%

$41,410

13%

2018

100%

$36,620

9%

2018

100%

$33,460

28%

2014

100%

$26,050

2%

2014

—

$25,520

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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518 S 3rd Street, Bonham, TX 75418 (MLS# 20947701) is a Lots/Land property with a lot size of 0.207 acres. 518 S 3rd Street is currently listed for $25,000 and was received on June 10, 2025. Want to learn more about 518 S 3rd Street? Do you have questions about finding other Lots/Land real estate for sale in Bonham? You can browse all Bonham real estate or contact a Coldwell Banker agent to request more information.

518 S 3rd St Bonham, TX 75418