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$374,000

11920 Fm 31, Marshall, TX, 75672

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,016 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.12 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Microwave, Gas Oven, Refrigerator, Gas Water Heater

Exterior

Lot Size1.92 acres

Building Information

Year Built1984
Stories1
Garage Spaces2

Land Information

APN00744.01400.00000.000000
SubdivisionLucinda Wallace Survey A-744
Land UseResidential
Legal DescriptionACRES: 1.917 ABST: 744 L WALLACE HSE
Census Tract020103
Assessed Land Value$29,720
Assessed Improvement Value$273,840
Assessment Year2025

About this property

Charming Move-In Ready Brick Home on Nearly 2 Acres in One of East Texas’ Premier School Districts! Nestled in the heart of East Texas, this beautifully renovated brick home offers the perfect blend of modern convenience, rural charm, and spacious living. Set on nearly 2 acres of well-maintained land, this move-in ready property provides an ideal retreat for families, retirees, or anyone looking to enjoy the peace and privacy of country living—without sacrificing proximity to town. Step inside to discover tasteful updates throughout, including fresh paint, updated fixtures, and an inviting layout designed for both daily living and entertaining. The home is equipped with a whole-home generator, ensuring peace of mind during any season, and a concrete driveway that adds to the property’s curb appeal and functionality. Outdoors, you'll find a large metal shop with ample space for hobbies, storage, or a home business—plus covered RV parking for your adventures. The fully fenced backyard is ideal for kids, pets, gardening, or weekend gatherings under the East Texas sky. Additional highlights include: Access to both community water and a private well Efficient natural gas utilities Quiet, scenic surroundings with mature trees and room to roam Top-rated school district, making it a smart investment for growing families Conveniently located just minutes from Shreveport, Marshall, and Longview, this home offers a quick commute to major employers, medical facilities, shopping, and dining—while still providing the serenity and space of country life. Don't miss this rare opportunity to own a turn-key property with land, location, and lifestyle! Schedule your private showing today.

Investor Tools

Property Icon
$374,000
Estimated Property Value
$349,000Estimated Mortgage Balance
$0Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$214/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$692
$303,560
2025
$29,720
$273,840
$303,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$692
$303,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$349,000
Yes
First
Jul 2, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$687,792
N/A
0%
184%
$4,186/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: Marshall

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