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$550,000

11921 Fm 1294, Shallowater, TX, 79363

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,474 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.31 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size3.48 acres

Building Information

Year Built2008
Roof Type105
Garage Spaces3

Land Information

APNR313561
SubdivisionGeorge S Farris Survey
Land UseResidential
Legal DescriptionBLK D SEC 12 AB 1286 TR 5C JAMES TRS & 2B AC: 3.481
Census Tract010301
Assessed Land Value$34,810
Assessed Improvement Value$360,818
Assessment Year2025

About this property

Set on approximately 3.4 acres in the highly sought-after Shallowater ISD, this charming 4-bedroom, 4-bathroom home with a dedicated office offers the perfect blend of country living and everyday functionality. Originally built as the builder's personal residence, the home showcases thoughtful craftsmanship with real oak cabinetry, beautiful Austin stone accents, and a practical floor plan designed for comfortable living. Inside, you'll find spacious bedrooms with generous closet space, brand-new carpet throughout, and flexible living areas that easily accommodate both family life and entertaining. The property is equally impressive outside, featuring an approximately 1,500-square-foot insulated shop complete with a bathroom including a shower—ideal for hobbies, projects, storage, or a home-based business. An additional barn with stalls and a tack room provides endless possibilities for horses, livestock, or can easily be transformed into an expansive gardening barn or workshop. Properties that combine acreage, quality improvements, versatile outbuildings, and a home of this caliber in the Shallowater school district are increasingly difficult to find in this price range. Whether you're looking for room to spread out, space for animals, or simply the peace and privacy of country living with the convenience of town nearby, this property is an exceptional opportunity.

Investor Tools

Property Icon
$584,000
Estimated Property Value
$222,860Estimated Mortgage Balance
$385,602Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,504 /month
Positive
Cash Flow Estimate:
$1,168 /month

Interested in this property?

Dan Williams

Williams & Company Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$652/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,910
$395,628
2025
$34,810
$360,818
$395,628
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,910
$395,628

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$222,860
No
First
Nov 21, 2020
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,398
$385,602
66%
34%
$1,337/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,337/mo
+$335/mo
3.4%

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: Shallowater

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