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$1,807,000

10840 County Road 272, Somerville, TX, 77879

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,414 Sq Ft
price_per_sqft$467.19 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size67.18 acres

Building Information

Year Built2003

Land Information

APNR38803
Land UseResidential
Legal DescriptionA0012 COLES J P 67.18 ACRES
Census Tract970400
Assessed Land Value$291,586
Assessed Improvement Value$317,300
Assessment Year2025

About this property

LOCATION! Recently Remodeled Farm House With Casita, Metal Shop, Large Pole Barn AND 67 +/- Improved Ag Exempt Acres. Currently In Hay Production. Located 15 Minutes from Aggieland! An opportunity to own an income producing hay farm in the Brazos River Valley, with minimal Flood Plain, surrounded by Texas GLO land. Fish in your almost 2 Acre pond, tend to horses & livestock, and consider hay production for your personal use or continue the current lease and keep the income producing aspect in play, with previous yields of over 4,000 square bales per season. As for your new home, no expense was spared with this complete 2024 interior refresh, with new kitchen butcher block island, updated cabinetry and decorative backsplashes. Guests are welcome with a walkway that leads the way to the 450 Sq. Ft Casita with Bath and Closet. Additional improvements include a metal shop for working out or storage, 1400 Sq. Ft Pole Barn and horse/livestock runs in the rear of the property.

Investor Tools

Property Icon
$1,807,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,473,022Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,842 /month
Positive
Cash Flow Estimate:
$3,614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,053
$608,886
2025
$291,586
$317,300
$608,886
No

Tax History

Year
Tax Paid
Assessed Value
2022
$6,053
$608,886

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Leader One Financial Corp
Conventional
$371,425
No
First
Feb 22, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,978
$1,473,022
81%
18%
$2,227/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: Somerville

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