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$323,000

NAL Estimated Property Value

109 Bluebonnet Dr, Paradise, TX, 76073

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,721 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$319 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Gas Cooktop, Gas Oven, Gas Water Heater, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Lot Size1.03 acres

Building Information

Year Built1986
Stories1
Garage Spaces3

Land Information

APNR0460.0011.01
Lot Number11
SubdivisionDecatur Acres
Land UseResidential
Legal DescriptionLOT 11 BLK 1 DECATUR ACRES, UNDIVIDED INTEREST 50.0000000000%
Census Tract150103
Assessed Land Value$38,625
Assessed Improvement Value$187,533
Assessment Year2025

About this property

Nestled in the tranquil town of Paradise, 2 charming old farmhouses offers a serene retreat on 6.554 acres of verdant land. The property is graced with mature trees that provide ample shade and a picturesque backdrop, making it a perfect escape from the hustle and bustle of city life. Ag exemption apply, a cool windmill, city water and has it's own well to water. The older house at 105 Bluebonnet is in need of work but the second home is good but in need of some updates. Several storage buildings on the property. Adding to the unique allure of this property is a lucrative 20 year land lease with AT&T. This lease provides a steady income stream, enhancing the investment potential of the estate while allowing you to enjoy the tranquility of rural living without financial strain. Just an overall good investment.

Investor Tools

Property Icon
$323,000
Estimated Property Value
$0Estimated Mortgage Balance
$323,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,132
$226,158
2025
$38,625
$187,533
$226,158
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,132
$226,158

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$323,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Paradise

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109 Bluebonnet Dr | Property Details | No Agent List