Active Under Contract
Price CutPrice Drop: $2K (10/07)
House for sale at 1305 Oak, Olney, TX | MLS# 21272861 | Listing updated on 2026-10-08
Photo 1 of House for sale at 1305 Oak, Olney, TX | MLS# 21272861 | Listing updated on 2026-10-08
Photo 2 of House for sale at 1305 Oak, Olney, TX | MLS# 21272861 | Listing updated on 2026-10-08
Photo 3 of House for sale at 1305 Oak, Olney, TX | MLS# 21272861 | Listing updated on 2026-10-08
Photo 4 of House for sale at 1305 Oak, Olney, TX | MLS# 21272861 | Listing updated on 2026-10-08
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$48,000

Monthly Est:$239

  • Beds Icon5 Beds
  • Beds Icon
    1 Bath
  • Beds Icon1,792sqft

1305 Oak, Olney, TX

$239/moEst:

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  • 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 t
hat 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 NTREIS MLS-TX

Property Details

  • Status

    Active Under Contract

  • Type

    Land

  • No. of Stories

    1

  • County

    Archer County

  • City

    Olney

  • 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

DateEventPrice

10/07/2026

Source: mls_logoNTREIS MLS-TX #21272861

Contingent (Active Under Contract)

$48,000

$27/sqft

09/10/2026

Source: mls_logoNTREIS MLS-TX #21272861

Price Decreased

$48,000 -4.00%

$27/sqft

05/16/2026

Source: mls_logoNTREIS MLS-TX #21272861

Listed for Sale

$50,000

$28/sqft

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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