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$500,000

101 Se County Road 2240, Corsicana, TX, 75109

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,176 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$425.17 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringCeramic Tile, Vinyl, Wood

Exterior

Exterior FeaturesStorage
Lot Size4.73 acres

Building Information

Year Built1955
Stories1
Roof Type114
Garage Spaces2

Land Information

APN40484
SubdivisionJ Jones Abst
Land UseResidential
Legal DescriptionABS A10433 J JONES ABST TRACT 17 4.733 ACRES
Census Tract970701
Assessed Land Value$129,850
Assessed Improvement Value$124,740
Assessment Year2025

About this property

Discover the potential of this charming 3-bedroom, 1.5-bath home situated on 4.7 beautiful acres with road frontage on three sides, offering excellent accessibility and future possibilities. Built in 1955, this pier-and-beam home features spacious rooms and provides the perfect opportunity to update and customize it to fit your style. Step outside to enjoy the large backyard, complete with a covered deck that's ideal for relaxing, entertaining, or enjoying peaceful country views. There's plenty of space for a playset, garden, or other outdoor activities. The mostly open acreage, accented by a generous scattering of mature trees, is well suited for livestock, gardening, or recreational use. It's an excellent property for families involved in 4-H or FFA projects, offering room for animals and plenty of space to grow. Whether you're looking for a country home, a hobby farm, or an investment with endless possibilities, this property is ready for your vision.

Investor Tools

$42,963Estimated Mortgage Balance
$208,809Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Angela Shindoll

Coldwell Banker Richland Chamb

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,233
$251,772
2025
$129,850
$124,740
$254,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,233
$251,772

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeside Mortgage Co
Conventional
$81,000
No
First
Jan 30, 2008
Feb 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$42,963
$208,809
82%
17%
$486/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corsicana

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101 Se County Road 2240 | Property Details | No Agent List