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$232,318

1116 County Road 223 RD, Florence, TX, 76527

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.54 acres

Land Information

APNR-10-W306-000A-0005
Lot Number5
Land UseResidential
Legal DescriptionS12089 - OAK GROVE, BLOCK A, LOT 5
Census Tract020206
Assessed Land Value$232,318
Assessment Year2025

About this property

Beautiful corner lot, two and a half acres leveled with new septic recently installed, shared well (per seller, sewer running at the street) seller was to build a new house just like the one next door, form ditches and plumbing had been laid out, however, unexpected circumstances came and seller is not able to continue with construction, he has to let go, his lost, your gain, few restrictions to preserve value.

Investor Tools

Property Icon
$232,318
Estimated Property Value
$0Estimated Mortgage Balance
$86,494Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,394 /month
Positive
Cash Flow Estimate:
$465 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,962
$232,318
2025
$232,318
N/A
$232,318
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,962
$232,318

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$152,000
No
First
Feb 9, 2024
Mar 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,824
$86,494
37%
63%
$912/mo

Learn About the Market: Opportunity in Texas

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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: Florence

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1116 County Road 223 RD | Property Details | No Agent List