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$247,000

10617 Fm 697, Whitewright, TX, 75491

Off MarketInfo
Baths0 Bath
Baths1,092 Sq Ft
RanchRanch
Year BuiltBuilt in 1995

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesStorage, Other
Lot Size4.62 acres

Building Information

Year Built1965

Land Information

APN200 0402027
SubdivisionFreeland Kyle A-G0402
Land UseResidential
Legal DescriptionG-0402 FREELAND KYLE A-G0402, ACRES 4.62
Census Tract000102
Assessed Land Value$172,295
Assessed Improvement Value$17,427
Assessment Year2025

About this property

4.6 acres with utilities on the very well-traveled and scenic route of FM 697 in Grayson County. This property was an older homestead at one time with 2 home structures with no current value that will need to be removed at Buyers expense. Open and cleared areas are home to Fruit trees and the old garden spot is visible as well as the shop building that can still be of some use. Thick trees and over-grown foliage cover the fence line of the property that facilitates good privacy from every direction. There are 2 access points tho the one by the mailbox is most used and more visible. The property has 2 septic tanks and 2 separate water meters and is being sold AS IS.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$154,800Estimated Mortgage Balance
$102,493Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,804
$189,722
2025
$172,295
$17,427
$189,722
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,804
$189,722

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Open End Mortgage / Open End With Future Advance Clause
$154,800
No
First
Oct 20, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,507
$102,493
41%
59%
$929/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: Whitewright

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10617 Fm 697 | Property Details | No Agent List