315 Martin Luther King Jr Street
Mineral Wells, TX, 76067 $ 185,000
Bedrooms2 Baths1.0 Sq 1,942 Monthly Estimate*
$ 1,168
for $185,000 with 2 bedrooms and 1 full bath. This 1,942 square foot home was built in 1960 on a lot size of 0.172.
2 Properties with Incredible Potential! Located in Mineral Wells, these properties are positioned in a community experiencing renewed interest and investment, highlighted by the ongoing renovation and restoration of the historic Baker Hotel. The revitalization of Downtown and the Baker Hotel is bringing new attention and activity to downtown Mineral Wells, adding to the town's appeal for residents, visitors, and investors. This property offers a great opportunity for investors, renovators, or buyers looking for a project with character and room to add value. The home features real hardwood flooring in most rooms, two huge living areas, a spacious dining room and kitchen, and a cozy wood-burning fireplace. One of the oversized living areas could potentially be enclosed to create a large primary bedroom or additional private living space, giving the next owner flexibility to rework the floor plan. The property does need significant work, including foundation repairs, roof replacement, and interior updating, and is being sold AS IS. Adding even more value is a newly built oversized detached one-car garage with plenty of room for a vehicle, workshop, or additional storage. The property also includes a large 13' x 35' detached shed building with porch and an additional lot located behind the main house. With the appropriate improvements, connection to city utilities, the detached building may offer potential for additional living space, a separate tiny-home-style dwelling, rental use, storage, or other future possibilities. It could also be removed to create additional yard space. With a spacious layout, original hardwood floors, fireplace, oversized garage, additional building, and extra lot, this property offers multiple possibilities for someone willing to put in the work. Buyer to verify all information, zoning, building requirements, utility availability, and potential uses with the appropriate city and county authorities. Property is being sold AS IS.
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FeaturesInteriorInterior Features Chandelier Decorative Lighting High Speed Internet Available
Flooring Carpet Linoleum Wood
Basement Y/N 0
Dining Areas 2
Living Areas 2
Half Baths 0
Total Bedrooms 2
Total Baths 1
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GeneralHeating Fireplace(s) Natural Gas Space Heater
Cooling Ceiling Fan(s) Window Unit(s)
Utilities Asphalt City Sewer City Water Concrete Curbs Individual Gas Meter
Possession Closing/Funding Negotiable
Roof Composition
Appliances Electric Range
Number of Garage Spaces 1
School District Mineral Wells ISD
Pool Y/N 0
Exclusions Trim board next to closet door with kids growth chart.
Year Built 1960
Architectural Style Traditional
Levels One
Property Subtype Single Family Residence
Subdivision Name French
Transaction Type For Sale
Occupant Type Owner
County Palo Pinto
Property Type Residential
Construction Materials Frame Siding Wood
Year Built Details Preowned
HOA Type None
Full Baths 1
Status Active
Directions Use GPS
City Mineral Wells
Elementary School Name Lamar
High School Mineralwel
Elementary School Lamar
Standard Status Active
Listing Terms 1031 Exchange Cash
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ExteriorWaterfront 0
Exterior Features Storage
Lot Features Cleared Corner Lot Landscaped Lrg. Backyard Grass
Vegetation Cleared
Fencing None
Soil Type Unknown
Garage Length 26
Garage Width 15
Other Structures Outbuilding See Remarks Storage
Lot Size Source Assessor
Parking Features Driveway Garage Faces Front Off Street On Street
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Lot Size Dimensions 75x100x75x100
Structural Style Single Detached
Garage Y/N 1
Attached Garage Y/N 0
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* Excluded FeaturesList ByRick LamoureuxListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $1,168
- Monthly Property Taxes
- $238
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Mineral Wells, TX
Average List Price $342,648
Percent of Sale Price 85%
About Mineral Wells, TX 17,209 Population
2% Since 2002
$ 37,757 Median Income
34.99 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
287355 Elementary School
3671382 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/28/2026 | $185,000 | | Listed Price |