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$315,000

NAL Estimated Property Value

1028 County Road 701, Cleburne, TX, 76031

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,456 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$209.41 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater

Exterior

Lot Size2.42 acres

Building Information

Year Built1989
Garage Spaces1

Land Information

APN126.3402.00070
Lot Number7
Land UseResidential
Legal DescriptionLOT 7 ADAMS PLACE ESTATES S# KBTXSNB86441072/A86441072 L# TEX0367208/9 ELECTED REAL
Census Tract130304
Assessed Land Value$205,700
Assessed Improvement Value$52,393
Assessment Year2025

About this property

MOTIVATED SELLER! MAJOR PRICE REDUCTION! BRING ALL OFFERS! PRE-APPROVED, INSPECTED, AND RENOVATED FOR FHA APPROVAL Turnkey Indoor - Outdoor Farm with Home & Business Facilities in Cleburne. FHA renovation already done by GulfTex. Opportunity meets versatility on this 2.48-acre property featuring a 3-bedroom, 2-bath manufactured home, a 3,200 sq ft barn, and a 400 sq ft studio apartment. With an additional 3,200 sq ft of climate-controlled workspace—including two Quonset-style outbuildings and two workshops—this setup is ideal for running a business from home. All outbuildings are equipped with water and powered by three dedicated 200-amp panels. The flexible layout offers room to build a permanent residence while using or renting out the current living spaces. The studio apartment can serve as guest housing or generate rental income. Enjoy the tranquility of country living with the convenience of business infrastructure. Recent upgrades include a new insulated metal roof, spray foam insulation beneath the home, and updated air conditioning. The property also includes a shaded, fenced yard for pets or small animals, a one-car garage, and additional covered parking. There's ample space for large equipment or industrial use. Located between Cleburne and Keene with easy access to I-35W, U.S. 67, TX-171, TX-174, and the Chisholm Trail Parkway. Zoned to highly rated Joshua ISD schools, recently awarded an “A” rating by the Texas Education Agency. Only 7 minutes from the new Amazon distribution center! A rare find for DFW entrepreneurs—schedule your private tour today!

Investor Tools

Property Icon
$315,000
Estimated Property Value
$320,064Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$358/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,715
$258,093
2025
$205,700
$52,393
$258,093
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,715
$258,093

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$324,326
Yes
First
Aug 8, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,064
N/A
0%
102%
$1,945/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.

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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: Cleburne

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1028 County Road 701 | Property Details | No Agent List