c.1880 Historic Texas Fixer Upper For Sale on 1.55 Acres $150,000
OHU50K Notes $150,000
Realtor Comments
Step Back in Time Historic 1880s Waskom Home Built in 1880, this charming wood-frame residence stands as one of Waskoms oldest surviving homes predating even the towns renaming in 1881, following the arrival of the Southern Pacific Railroad. Originally part of Powell Town, this property offers a rare opportunity to own a piece of East Texas history. Set on a generous lot, 1.55 Acres, the home reflects the architecture and character of a time when Waskom was transforming into a vital railroad hub. From its wide porches to its original layout, youll find details that echo the lifestyle of the late 19th century, when trains brought commerce, people, and prosperity to the area. Whether youre a history enthusiast, preservationist, or simply looking for a unique property with a story, this home is a living legacy of the towns early growth and a special opportunity to make it your own. This home has been the heart of many special moments, weddings, family reunions and unforgettable gatherings. So many memories have been made.
- 3 bed
- 2 bath
- Build date 1880
775 N Lake St, Waskom, TX 75692
- Contact Realtor: Stephanie Carwile-Murray
- Google Map
- Niche
Pros
Exceptional Affordability
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Cost of living is ≈22 % lower than U.S. average and ~17 % below Texas average
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Median home values around $82K–$169K, with rent for a 2-bedroom typically $800–1,115/mo—roughly 40–50 % below national norms .
High Quality Housing & Appreciation Potential
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Housing scores are strong, with affordability and stable values .
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Owner-occupied homes (~73%) suggest stability and investment
Very Low Crime
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Crime rates are 44–51 % below U.S. average, both in violent and property crime .
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Livability ranking indicates strong perceptions of safety
Solid, Family-Friendly School System
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Waskom ISD holds a B grade overall: elementary B, district B, and solid academic and athletic programs
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Student-teacher ratio ~11–13:1; high school graduation rate ~92 % .
Community & Recreation
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Small-town “gateway to Texas” with a close-knit vibe, community center, splash pad, and nine‑acre Taylor Park for family activities and sports
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Near Caddo Lake State Park (~30 minutes away) for camping, boating, and outdoor recreation
Cultural & Ethnic Diversity
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Diverse population (≈57 % White, 13 % Black, 24 % Hispanic/Latino) adds cultural richness
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Niche diversity rating: A
Cons
Sparse Local Amenities & Car Dependency
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Few shops, restaurants, and entertainment—most errands require a vehicle .
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Public transit access is minimal; limited carpool and ride-sharing usage .Lower Income & Job Market Constraints
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Median household income (~$38K–47K) is 20–30 % below Texas average .
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Employment opportunities are limited locally, with residents often commuting .3. Mixed Academic Performance in High School
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While district scores well, high school performance is weaker; proficiency rates around 40 % in math and reading .
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Niche gives high school an F, middle school C .Aging Infrastructure & Amenities
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Growth has been stagnant; town size (~1,900 residents) limits scale of services and infrastructure improvements .
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Public health ratings are decent, but healthcare access is modest.
