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$1,846,111

NAL Estimated Property Value

11162 Osburn Road, Pilot Point, TX, 76258

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,801 Sq Ft
price_per_sqft$660.48 / sqft
Year BuiltBuilt in 1884

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Refrigerator

Exterior

Private PoolPrivate Pool
Lot Size9.76 acres

Building Information

Year Built1984
Stories1
Roof Type127
Garage Spaces2

Land Information

APNR43309
SubdivisionChambers
Land UseVacant Land
Legal DescriptionA0223A CHAMBERS, TR 6, 9.761 ACRES, OLD DCAD SHT 1, TR 2
Census Tract020129
Assessed Land Value$135,661
Assessed Improvement Value$1,710,450
Assessment Year2025

About this property

$500,000 IS THE OPENING BID FOR THIS PROPERTY SELLING IN A LIVE AUCTION ON SATURDAY, JUNE 24, 2023 AT 11AM. This nearly 12 acre Executive Ranchette is located in the Heart of Horse Country. Offered For Sale at Auction divided in 3 separate Tracts. Buy any Tract, any Combination or Buy all 3. Tract 1 features a 3 bedroom-2 bath 2801' Custom Main House with salt water pool, 2 bedroom-2 bath 1850' Guest House, 10 stall Show Barn, 15 stall barn, workshop & 2 outdoor arenas on 8.74 acres. The adjoining Tract 2 has a 924' Mobile Home & loafing shed on 1.02ac. Tract 3, 2.04ac pasture with 2 loafing sheds is a prime homesite. Property sells AS IS with no contingencies related to financing, post sale inspections or appraisals and NO option period. Auction Registration at 9am, Live Auction at 11am. 10% Buyer's Premium added to High Bid at Auction to constitute the Total Contract Price. Buyer's Premium paid the day of the Auction. Balance due Thursday, August 3 at Doster Law Group in Denton.

Investor Tools

Property Icon
$1,846,111
Estimated Property Value
$473,835Estimated Mortgage Balance
$1,372,276Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,100 /month
Positive
Cash Flow Estimate:
$3,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,611/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,099
$1,846,111
2025
$135,661
$1,710,450
$2,460,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,099
$1,846,111

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Unknown
$595,000
No
First
Sep 29, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,835
$1,372,276
74%
26%
$3,568/mo

City: Pilot Point

11162 Osburn Road | Property Details | No Agent List