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Days330Days on Market
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$2,200,000

$1,900,000

12300 County Road 367, May, TX, 76857

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths3,068 Sq Ft
FarmFarm
price_per_sqft$717.08 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesRefrigerator, Built-In Refrigerator, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave
FlooringConcrete

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Kennel, Lighting, Garden
Lot Size146.71 acres

Building Information

Year Built2004

Land Information

APN32562
SubdivisionJ W Yantis Survey 68 Abstract
Land UseResidential
Legal DescriptionJ W YANTIS, SURVEY 68, ABSTRACT 999, H T & B R R CO, SURVEY 57, ABSTRACT 455, ACRES 146.71
Census Tract950100
Assessed Land Value$800,660
Assessed Improvement Value$833,590
Assessment Year2025

About this property

Beautiful custom stone home on 146.7± acres in Northern Brown County. Built on one of the highest hilltops in the area, the home features panoramic 360° views of open pastures and mature oak cover. The main residence includes 3 bedrooms, 2 bathrooms, a great room with cathedral ceilings and stone fireplace, an open kitchen with granite counters, stainless appliances, commercial gas cooktop, and large dining area. The master suite has porch access, a jacuzzi tub, double sinks, and a walk-in closet. Additional features include a large office, sunroom, butler’s pantry, and laundry room. The property also includes:     •    A metal barndo with full kitchen, bedroom, bath, vaulted ceilings, and attached covered parking, RV bay, 4 stalls, and tack room.     •    2,000 sq ft insulated metal shop with roll-up doors, workbench, and water storage.     •    Gazebo with fireplace, dog kennels, 40x50 fenced garden, small orchard.     •    Two water wells (one solar), large stock tank, excellent fencing (cross-fenced into 3 pastures with water).     •    Snake-proof fencing around approx. 7 acres. * Large stock tank, excellent fishing * 2 water wells, one electric and one solar * The fields are planted in B-Dahl Grass which is drought resistant and very high in protein * Within 20 minutes drive of Lake Brownwood State Park Abundant wildlife including whitetail deer, turkey, dove, and blackbuck antelope. Ideal for full-time living, hunting, ranching, or a family retreat.

Investor Tools

Property Icon
$2,772,000
Estimated Property Value
$588,000Estimated Mortgage Balance
$2,269,416Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,632 /month
Positive
Cash Flow Estimate:
$5,544 /month

Interested in this property?

Teresa Lee

Stephens Ranch Hand Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,945/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,478
$1,634,250
2025
$800,660
$833,590
$1,634,250
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,478
$1,634,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Arm (Adjustable Rate Mortgage)
$588,000
No
First
Apr 5, 2018
Apr 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$502,584
$2,269,416
81%
18%
$3,153/mo

Learn About the Market: Opportunity in Texas

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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.

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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: May

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12300 County Road 367 | Property Details | No Agent List