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Days468Days on Market
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$989,000

12117 E Fm 40, Slaton, TX, 79364

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths4,225 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.08 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Cooktop, Disposal, Double Oven, Dishwasher, Exhaust Fan, Electric Oven, Freezer, Gas Cooktop, Microwave, Oven, Range Hood, Stainless Steel Appliance(s), Washer/Dryer, Water Softener, Water Softener Owned, Gas Water Heater
FlooringConcrete

Exterior

Exterior FeaturesBuilt-in Barbecue, Barbecue, Courtyard, Fire Pit, Gas Grill, Outdoor Kitchen, Private Yard, Rain Gutters, Storage
Lot Size2.35 acres

Building Information

Year Built2016
Roof Type105
Garage Spaces3

Land Information

APNR329020
Land UseResidential
Legal DescriptionBLK C SEC 122 AB 772 TR C3A1 OF SW/4 AC: 2.349
Census Tract010101
Assessed Land Value$32,886
Assessed Improvement Value$625,798
Assessment Year2025

About this property

Outstanding design and quality construction in this perfect country oasis! This home has it all including 12.75 fenced acres , electric security entry gate, barns and workshop plus pastures for all your large animals. The open floor plan is ideal for entertaining inside and out. Featuring 3 large bedrooms with private baths and walk-in closets*Huge family room with soaring 14' ceilings*Stained concrete flooring , custom window coverings and 8' doors throughout*Chef's kitchen including all Jenn Air stainless steel appliances, built-in refrigerator, 6 burner gas cooktop, double ovens, soft close drawers and U-Line ice maker,*Pantry that doubles as a saferoom and huge laundry room with office and craft space*Oversized 3 car garage that holds 4 door pickups*spray foam insulation including garage*Professionally landscaped yard with sprinkler and decorative metal fence*Large covered patio/built-in gas grill/granite serving bar*Alarm system/Electric security gate/outdoor security cameras*Workshop 55x40 plus lean to 25x40/three large roll up doors*Enclosed and outdoor pens for animals plus fenced pastures. There is an addition 6 acres east of property out of the fence line that can also be purchased. Come see what life in the country has to offer in this special home.

Investor Tools

Property Icon
$658,684
Estimated Property Value
$0Estimated Mortgage Balance
$658,684Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,934 /month
Positive
Cash Flow Estimate:
$1,978 /month

Interested in this property?

Phyliss Lutrick

Berkshire Hathaway HomeService

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$967/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,316
$658,684
2025
$32,886
$625,798
$658,684
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,316
$658,684

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$658,684
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,460/mo
N/A
+$1,460/mo
2.7%

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: Slaton

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