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$399,000

1230 Lester Burt Road, Farmersville, TX, 75442

$460,593 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,399 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.32 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size1.10 acres

Building Information

Year Built2011
Stories1
Garage Spaces2

Land Information

APNR-9711-000-0180-1
Lot Number18
SubdivisionSouth Gate #2
Land UseResidential
Legal DescriptionSOUTH GATE #2, LOT 18
Census Tract031101
Assessed Land Value$110,190
Assessed Improvement Value$382,437
Assessment Year2025

About this property

This is your chance to make your family's dream of country living come true, there's even a 25x45 two stall barn with tack room for the horses! The 4 BR, 2.1 brick home offers a fantastic floorplan. The decorative faux fireplace is appealing & hardwood floors are very nice. The spacious kitchen features rich stained cabinetry, granite countertops and travertine floors. The primary BR is spacious, with a large ensuite, also with travertine. Pricing reflects the need for a carpet upgrade in some rooms. The 1.1 acre lot is tree lined with a creek. Large fenced yard with a gate for a trailer, the pasture is partially fenced, with a chicken coop in addition to the barn. No HOA, this beautiful spot is family ready!

Investor Tools

Property Icon
$500,000
Estimated Property Value
$0Estimated Mortgage Balance
$193,067Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$460,592
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$650/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,304
$492,627
2025
$110,190
$382,437
$492,627
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,304
$492,627

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$336,750
No
First
Sep 1, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$306,933
$193,067
38%
61%
$2,019/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,019/mo
+$553/mo
6.2%

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: Farmersville

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1230 Lester Burt Road | Property Details | No Agent List