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$325,000

NAL Estimated Property Value

12259 E State Highway 294, Grapeland, TX, 75844

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.08 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2

Exterior

Lot Size2.58 acres

Building Information

Year Built1972
Garage Spaces3

Land Information

APN27399
SubdivisionJames M Grounds
Land UseResidential
Legal DescriptionA0856 GROUNDS, JAMES M BLOCK 215 TRACT 5
Census Tract951001
Assessed Land Value$30,380
Assessed Improvement Value$253,053
Assessment Year2025

About this property

GORGEOUS SETTING! Don’t let this country home and 2.58 acres get away– it has it all! The three bedroom, two bath, three-car garage home sits high on the hill overlooking the beautiful 2.58-acres of rolling terrain with majestic large oak trees, lush green grass, and fruit trees. The home has a recently remodeled kitchen with all new cabinets, quartz countertops, and a nice pantry. The large open living area features a natural wood ceiling and walls and has a fireplace with insert that can heat the home. The bedrooms are spacious with nice closet space throughout the home. There is room for entertaining both inside and out with a spacious 59’x21’ patio. If a shop is on your list of must-haves, you will love this 40’x50’ covered slab with an enclosed 23’x29’ shop area featuring two large overhead doors and a walk-through man door. It also has 110 and 220 wiring and is plumbed for a bathroom. This property has too many updated to list, so call us for details. It is truly a must see.

Investor Tools

Property Icon
$325,000
Estimated Property Value
$261,693Estimated Mortgage Balance
$63,307Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$338/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,430
$283,433
2025
$30,380
$253,053
$283,433
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,430
$283,433

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Flagstar Bank Fsb
Unknown
$279,837
No
First
Nov 30, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,693
$40,307
13%
81%
$1,678/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.

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: Grapeland

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12259 E State Highway 294 | Property Details | No Agent List