1302 N Bailey Street
About This Property
Welcome to 1302 N Bailey St in Mexia! This beautifully renovated 4-bedroom, 2.5-bath home offers an impressive amount of space and a fresh, modern feel throughout. With approximately 3,263 square feet, this multi-level home provides generous living areas, spacious bedrooms, and plenty of room for entertaining and everyday living.
The interior has been thoughtfully updated with all-new flooring, fresh interior paint, new appliances, and beautifully renovated bathrooms featuring tiled showers. The kitchen has been upgraded with new quartz countertops, creating a clean, modern look while providing plenty of workspace.
The spacious living areas are highlighted by a large wood-burning fireplace, while the primary bedroom offers plenty of space and access to an oversized balcony. Outside, the property sits on a desirable corner lot with approximately 0.32 acres, providing additional yard space along with a covered patio, deck, and balcony.
With its combination of size, modern updates, and versatile living spaces, this home offers an exceptional opportunity for buyers looking for a move-in-ready property with room to spread out. Conveniently located in Mexia near local schools and amenities, this one is ready for its next owner!
Recent updates include:
• All-new flooring
• Fresh interior paint
• New appliances
• New quartz kitchen countertops
• Renovated bathrooms
• Tiled showers
• Spacious 4-bedroom layout
• Multiple living areas
• Large wood-burning fireplace
• Oversized primary bedroom and balcony
• Corner lot with approximately 0.32 acres
• Covered patio and deck
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$229,000
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Sep 23, 2026 | Price Decreased |
$239,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Sep 16, 2026 | Listed by All City | $249,000 | |
| Listed by All City | |||
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017