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$539,000

11311 Farm Road 197, Arthur City, TX, 75411

$700,700 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,716 Sq Ft
price_per_sqft$314.1 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesDeck
Lot Size21.66 acres

Building Information

Year Built1982
Garage Spaces2

Land Information

APN55064
Lot Number1
SubdivisionJ S Newland Survey
Land UseAgriculture / Farming
Legal DescriptionA1174 J S NEWLAND SURVEY, TRACT 1, ACRES 21.66, FM 197 FM 197
Census Tract000102
Assessed Land Value$150,560
Assessed Improvement Value$256,780
Assessment Year2025

About this property

This fully renovated 3-bedroom home sits on 23.11 acres in Arthur City. The land is mainly pasture, with a small wooded area, with mature hardwood trees and tree lines along three sides that give you privacy without feeling closed in. There’s also a large pond, some lean tos, fencing, and a round pen on the property that make it almost ready for putting livestock on the property, places to put some horse stalls under the lean to next to the round pen. Behind it, you’ve got about half a mile of private bush that backs up to the 24,000-acre government-owned land around Pat Mayse Lake, including Pat Mayse Wildlife Refuge. If you enjoy hunting, it’s a strong setup. The house is a 3 bed, 2 bath with a 2-car garage, and it’s been completely updated. The kitchen and living area are open to each other, with a pantry for storage. All the bedrooms are on one side of the home. The primary suite has a beautiful tiled walk-in shower. A couple cool extras: the range has a downdraft vent, and there’s a water manifold system. There is a large storage room off the garage. There’s a lot of road frontage, and the home is set off to one side of the acreage, so if you ever wanted to build something newer down the road, you’d have the space to do it.

Investor Tools

$118,184Estimated Mortgage Balance
$289,156Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$700,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$451/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,377
$407,340
2025
$150,560
$256,780
$407,340
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,377
$407,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United States Of America
Credit Line (Revolving) / Heloc
$148,800
No
First
Oct 31, 2016
Nov 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,184
$289,156
70%
29%
$893/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: Arthur City

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11311 Farm Road 197 | Property Details | No Agent List