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$650,000

12493 S State Highway 87, Shelbyville, TX, 75973

PendingInfo
Baths2 Bath
Baths2,786 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.31 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms 2Bathrooms 2
AppliancesDishwasher, Microwave, Refrigerator, Electric Water Heater

Exterior

Lot Size44.85 acres

Building Information

Year Built2021
Garage Spaces2

Land Information

APNR29764
SubdivisionLout Alfred
Land UseVacant Land
Legal Description0427 LOUT ALFRED SUR BLK 0 TR 8 44.85 ACRES FRMLY B JANA FULGHAM/VICKI FONTENOT - STATE HWY 87 SOUTH
Census Tract950600
Assessed Land Value$223,730
Assessed Improvement Value$312,980
Assessment Year2025

About this property

Tucked away in towering pine trees, this expansive 41.72 acres of East Texas property provides an abundance of opportunities. Nestled among the trees, is a warm and cozy 2bd cabin with big windows for close-up views of the morning sunrises and abundant wildlife, one spacious bath and living/kitchen with a covered wrap-around porch on 3 sides and a unique cedar beam two-car carport attached. Never worry about losing electricity as the cabin comes with a 20 KW Home stand-by Kohler generator with a 500 gal propane tank. The property also has a 1900 sf two story guest house featuring 2 bd upstairs, one with a balcony, large living area & kitchen with covered porch and balcony to enjoy quiet serene mornings in the middle of nature's quiet. Downstairs includes an oversized one car garage with large area that could be turned into a 3rd bd, adjoining a state-of-the-art safe room/gun safe, which can safely contain any special items or collectables. This area included another 1/2 bath/Laundry room and closet. Home has 2 separate HVAC units for each story and a covered concrete patio for hanging out with your friends & family. Along with the homes, the outdoor possibilities are endless. a 24x40 barn/shop offers ample space for farm equipment, 4 wheelers, boat or auto storage. Barn/shop is air conditioned/heated with upstairs area that can be utilized for an office, game room or workout area and includes a balcony overlooking the outdoor rifle and pistol range with a covered shooting bench. Adjoining this building is a 12x40 air conditioned/heated storage room for any additional toys or storage you may need and also a separated RV covered parking area. For the outdoor enthusiasts, this property is ideal for hiking, four wheeling or just simply enjoying your own piece of the great outdoors. Whether you are sipping coffee on the porch at sunrise or catching up on your tractor therapy, you will fall in love with the peace and freedom that this slice of heaven provides. Located 14 miles south of Center and 6 miles south of Shelbyville, Tx. it is close to the Sabine National forest and Toledo Bend Lake, as well as only 30 minutes north of Sam Rayburn Lake area, this property has something for everyone! Escape the noise, embrace the outdoors, and enjoy the kind of space and privacy that is getting harder to find. Contact the listing agent for an appointment or contact your favorite realtor for an appointment, you won't regret it!

Investor Tools

$0Estimated Mortgage Balance
$536,710Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$575/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,217
$536,710
2025
$223,730
$312,980
$536,710
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,217
$536,710

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$536,710
100%
0%
$0/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.

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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: Shelbyville

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12493 S State Highway 87 | Property Details | No Agent List