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$1,426,962

NAL Estimated Property Value

11059 Fm 1377, Blue Ridge, TX, 75424

Off MarketInfo
Baths0 Bath
Baths1,601 Sq Ft
Year BuiltBuilt in 1968

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size74 acres

Building Information

Year Built1968
Stories1

Land Information

APNR-6557-001-0190-1
Lot Number19
SubdivisionM Mowery Survey
Land UseAgriculture / Farming
Legal DescriptionABS A0557 M MOWERY SURVEY, SHEET 1, TRACT 19, 74.0 ACRES
Census Tract030101
Assessed Land Value$1,295,000
Assessed Improvement Value$131,962
Assessment Year2025

About this property

Fenced pasture with endless possibilities. This 74 acres features trees, a pond, an older barn, and beautifully improved pasture for cattle and hay, along with an older frame home that is currently leased. There is a water meter and electricity on site. You can continue to lease out the home or live in it while you build your home further back on the land and enjoy country living at its best. Or if you are looking to invest in the future, this property may be everything you are looking for. The current owner can continue to run cattle and cut hay off of the property, you can have rental income and keep the ag exemption while Blue Ridge begins to expand to the West. There is also a nice two-story home adjoining on the southeast corner of this property that is also for sale at 11053 FM 1377. Buy the 2 together and have an amazing homestead to grow into.

Investor Tools

Property Icon
$1,426,962
Estimated Property Value
$3,710,580Estimated 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
$21,090 /month
Positive
Cash Flow Estimate:
$7,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$793/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,385
$1,426,962
2025
$1,295,000
$131,962
$1,426,962
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,385
$1,426,962

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Unknown
$1,950,000
No
First
Sep 21, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,710,580
N/A
0%
260%
$23,384/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: Blue Ridge

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11059 Fm 1377 | Property Details | No Agent List