503 S Pearl Street

Exceptional Value at $200,000 Opportunities like this are becoming harder to find — a home with a large yard, established neighborhood, and pricing well below new construction. Located at 503 Pearl Street in Fannin County, this 1937 property sits on an oversized lot shaded by mature trees, offering space, privacy, and flexibility that newer homes simply don’t provide at this price point. While new construction in the area may offer incentives, they often come with higher purchase prices, smaller lots, and less character. This home presents a different opportunity — buy at a lower price and create value over time. A covered front porch and extended patio provide inviting outdoor living space, while the expansive backyard offers room for gardening, pets, storage, or future improvements. Inside, the home features crown molding, wainscoting, and a brick wood-burning fireplace that anchors the main living area. The layout connects the living, dining, and kitchen spaces for practical everyday living. The kitchen includes white cabinetry with glass fronts, a gas range, peninsula seating, and a nearby laundry room with sliding barn door access. The primary bedroom is complemented by two additional bedrooms, allowing flexibility for guests, a home office, or hobbies. This property does need some TLC and is priced accordingly — making it an excellent opportunity for buyers looking to build equity, customize, or invest. Seller is willing to consider foundation repairs or buyer concessions with an acceptable offer, adding flexibility rarely seen at this price point. Conveniently located within reach of McKinney, Sherman, Plano, and the greater DFW area, this home offers a balance of accessibility and small-town living. If you’ve been searching for space, affordability, and long-term upside, 503 Pearl Street stands out as one of the best value opportunities in today’s market.