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$231,000

123 Hondo Dr, Nocona, TX, 76255

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,222 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.66 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Electric Oven, Electric Range, Microwave
FlooringVaries

Exterior

Exterior FeaturesRain Gutters, RV Hookup, Storage

Building Information

Year Built1989
Garage Spaces1

Land Information

APNR000018694
Lot Number727-731
SubdivisionNocona Hills
Land UseResidential
Legal DescriptionLOTS 727 728 729 730 & 731 NOCONA HILLS
Census Tract950100
Assessed Land Value$40,000
Assessed Improvement Value$125,970
Assessment Year2025

About this property

Escape to your own private retreat in this stunning property within a gated lake community! Surrounded by hills and breathtaking scenery, this 2-bedroom, 2-bathroom home, with the added bonus of an office or small third bedroom, provides the perfect balance of comfort and serenity. The property also includes a detached garage, a convenient storage building, RV hookup, and plenty of room for storing a boat or RV. Nocona Hills Community offers an array of exceptional amenities, including a 50-acre private fishing lake, an 18-hole golf course, an airstrip, a boat ramp to Lake Nocona, an RV park, and a picnic area. Imagine the endless possibilities to make this property the home you've always envisioned. Don't miss your chance to own this slice of paradise! Home being sold as is. Contact Nocona Hills HOA to find out all the amenities of the community!

Investor Tools

Property Icon
$231,000
Estimated Property Value
$93,279Estimated Mortgage Balance
$142,012Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,386 /month
Positive
Cash Flow Estimate:
$462 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$191/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,138
$165,970
2025
$40,000
$125,970
$165,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,138
$165,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$93,279
Yes
First
Sep 22, 2017
Oct 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,988
$142,012
61%
39%
$637/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: Nocona

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123 Hondo Dr | Property Details | No Agent List