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$48,000
Monthly Est:$239
5 Beds
- 1 Bath
1 full bath
1,792sqft
1305 Oak, Olney, TX
$48,000
$239/moEst:
Get Pre-Approved
Farm
Built in 1950
$-- HOA
0.16 acre lot
$27/sq.ft
Description
Affordable 5 bedroom homes are hard to find, especially at this price point! Located on a quiet street in Megargel, Texas, this spacious home offers just under 1,800 square feet with plenty of room to spread out both inside and out. Priced competitively at only $50,000, this property has already had quite a bit of work completed by the current owners, making it a great opportunity for a large family, investor, or buyer looking for space on a budget.
Inside, you’ll find a roomy layout with oversized bedrooms, rustic farmhouse-style touches, updated flooring in several areas, and a large open kitchen and living setup with bar seating and unique corrugated metal accents that give the home character. Appliances, including the refrigerator, will convey with the sale. Window units and Dearborn heaters will also remain with the property.
Outside features include a good-sized backyard with chain-link fencing, mature shade trees that provide excellent coverage during the Texas summers, and a peaceful small-town setting. The roof is approximately 4 years old, adding extra value and peace of mind.
If you’ve been searching for an affordable property with space, potential, and recent improvements already started, this one is worth a look!
- Houzeo last checked: 12 hours ago
- Listing updated: October 8, 2026 at 12:07 am
- Listing Provided by: Callie Hicks (940) 351-0306 | Everlong Realty (940) 351-0306
- Source: NTREIS MLS-TX | MLS#: 21272861

Property Details
Status
Active Under Contract
Type
Land
No. of Stories
1
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
1,792 sqft
Lot Size
0.16 acre lot
Basement Area
- sqft
MLS Name
NTREIS MLS
MLS Number
21272861
MLS Status
ActiveUnderContract
Cumulative Days on Market
144

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathroom: 1
LivingRoom
Level: First
Area: 0.00 Square Feet
Dimensions: 0 x 0
PrimaryBedroom
Level: First
Area: 0.00 Square Feet
Dimensions: 0 x 0
Interior
Sewer
Public Sewer
Appliances
Gas Oven, Gas Range, Refrigerator
Interior Features
Decorative Designer Lighting Fixtures
Construction
Year Built
Year Built: 1950
Home type
Farm
Architectural Style
Farmhouse
Utilities & Energy
Pool Features
None
Utilities
Sewer Available, Water Available
Parking Features
Additional Parking
Water Source
Public
Other Features
Subdivision Name
Meg
Price History
| Date | Event | Price |
|---|---|---|
10/07/2026 Source: | Contingent (Active Under Contract) | $48,000 $27/sqft |
09/10/2026 Source: | Price Decreased | $48,000 -4.00% $27/sqft |
05/16/2026 Source: | Listed for Sale | $50,000 $28/sqft |
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Based on information from the North Texas Real Estate Information Systems, Inc., through Oct 07, 2026, 06:00AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. ©2026 North Texas Real Estate Information Systems, Inc. All Rights Reserved.
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