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For sale by owner
  • $240,725

    220 Redwood Rd, Princeton, TX 75407

    --beds
    --baths
    3,441Square Feet
    : 
    $1,832/mo
    Get pre-qualified
    VacantLand
    Built in 2025
    3,441 Square Feet Lot
    $260,000 Zestimate®
    $--/sqft
    $42/mo HOA

    Overview

    Renter in place - Please do not approach the home! MidSouth Home Buyers is a professional property management company serving the Memphis, Dallas, and Little Rock markets. This property is being offered as a turnkey investment with a tenant already in place, currently paying $1,995 per month. The asking price reflects the understanding that MidSouth Home Buyers will continue managing the property after closing, providing the new owner with a seamless, hands-off investment experience. Our experienced team handles rent collection, tenant communication, maintenance coordination, and the day-to-day management of the property, allowing you to enjoy passive rental income from day one with confidence and peace of mind.
    What the owner loves about this home
    Beautifully renovated and thoughtfully upgraded, this home combines quality materials, modern finishes, and dependable systems designed for long-term value. Features include a 10-year transferable slab warranty, new architectural 30-year Mystique two-tone shingle roof, and new JELD-WEN vinyl windows offering excellent thermal performance and fade resistance. Major systems include a new Ruud 2.5-ton HVAC with a 10-year warranty, AO Smith Signature 40-gallon water heater, freeze-proof PEX plumbing, and Siemens all-weather electrical panel. The home features Sherwin-Williams ProMar 400 paint, Armstrong American Charm vinyl flooring, carpeted bedrooms, an impressive 11-foot vaulted living room ceiling, and a decorative recessed primary bedroom ceiling. Additional upgrades include Harbor Breeze ceiling fans, Halo Disc lighting, Kwikset easy-rekey hardware, cordless blinds, and a separate laundry room with washer/dryer hookups. The kitchen offers quality cabinetry with hidden hinges and crown molding, hard-surface countertops, a kitchen island, ProFlow deep double-bowl stainless-steel sink, Delta chrome faucets, and stainless-steel appliances including range, dishwasher, microwave, and GE refrigerator. Bathrooms feature Empire granite vanities, Premier stainless faucets, Eljer ivory porcelain toilets, and Delta chrome showerheads. The primary suite includes a large shower and walk-in closet. Outside, enjoy a fully fenced yard with new landscaping. THE TRIPLE 5 Finance a new MidSouth home and receive a MidSouth-funded rate buydown to as low as 5%*, plus 5% property management—half our standard rate—for five full years. Paying cash? Ask about Forever 5: receive 5% property management for as long as you own the home, plus special cash pricing. A turnkey investment opportunity combining quality renovations, professional management, and exclusive investor incentives.
    23 hours
    19
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    Listed by:

    Property Owner (901) 563-4485

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

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      Property

      Lot
      • Size: 3,441 Square Feet
      Details
      • Parcel number: R1365400G01101

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $42 monthly
      Location
      • Region: Princeton

      Financial & listing details

      • Tax assessed value: $12,500
      • Annual tax amount: $180
      • Date on market: 9/4/2026

        Estimated market value

        $260,000

        $244,000 - $276,000

        $2,098/mo

        Price history

        DateEventPrice
        9/4/2026Listed for sale$240,725
        Source: Owner Report a problem
        3/16/2026Listing removed$1,995
        Source: Zillow Rentals Report a problem
        2/20/2026Price change$1,995-1.2%
        Source: Zillow Rentals Report a problem
        2/13/2026Price change$2,020-1.5%
        Source: Zillow Rentals Report a problem
        12/2/2025Listed for rent$2,050
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$180 $12,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 75407

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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