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$115,000
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Property Description
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.
Full Property Details
Full Property Details for 116 E Locust St
General
- Price: $115,000
- Taxes: $2,042
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21247713
- Updated: 4/24/2026
- Added to Site: 50 day(s) ago
Interior
- Interior Features: High Speed Internet
- Appliances: Electric Cooktop
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Parking
- Carports: Yes
- Carport Spaces: 1
- Covered Spaces: 1
- Parking Features: Carport
Location
- County: Grayson
- Subdivision: Waldos 2nd Add
- Driving Directions: GPS
School Information
- Elem School District: Collinsville ISD
- Midd School District: Collinsville ISD
- High School District: Collinsville ISD
- Elementary School: Collinsville
- High School: Collinsville
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Roof: Composition
- Stories/Levels: 1
- Living Area: 504 Sq. Ft.
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.142
- Lot Size (Sq. Ft.): 6,185.52
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $2,042
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: WALDOS 2ND ADDN, BLOCK PT 13, ACRES .142
- Property ID: 139105
- Block: 13
Listed by eXp Realty LLC, Cory Meals
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Schools
Schools serving 116 E Locust St
School District:Collinsville Independent School District
| Name | Grades | Distance |
|---|---|---|
Collinsville Elementary School 500 Reeves Street, Collinsville, TX 76233 | PK-6 | 0.3 mi |
Collinsville High School 202 North Broadway Street, Collinsville, TX 76233 | 7-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 E Locust St
Date
Details
Price
Change
Source
4/24/2026
Listed
$115,000
—
MLS
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 116 E Locust St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,998
26%
$93,785
4%
2023
$1,586
27%
$89,946
7%
2022
$1,252
—
$84,160
26%
2022
$1,252
11%
$66,796
22%
2021
$1,129
100%
$54,883
-2%
2015
-100%
$56,188
5%
2019
$1,223
20%
$53,455
28%
2018
$1,016
2%
$41,778
3%
2017
$996
8%
$40,404
9%
2016
$920
102%
$37,133
88%
2015
$455
—
$19,787
—
2014
$455
-1%
$19,787
—
2013
$460
—
$19,723
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 E Locust St
116 E Locust Street, Collinsville, TX 76233 (MLS# 21247713) is a Single Family property with 1 bedroom and 1 full bathroom. 116 E Locust Street is currently listed for $115,000 and was received on April 24, 2026. Want to learn more about 116 E Locust Street? Do you have questions about finding other Single Family real estate for sale in Collinsville? You can browse all Collinsville real estate or contact a Coldwell Banker agent to request more information.

