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$840,000

NAL Estimated Property Value

12803 N Fm 2378, Shallowater, TX, 79313

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths4,525 Sq Ft
price_per_sqft$183.2 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Microwave, Water Purifier, Water Softener, Water Softener Owned
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen
Lot Size10.40 acres

Building Information

Year Built2006
Roof Type105
Garage Spaces6

Land Information

APNR87550
Lot Number2600
SubdivisionRm Thomspson Survey
Land UseResidential
Legal DescriptionBLK A SEC 131 AB 632 TR 6 & BLK D SEC 13 AB 1287 TR 5 ACS: 10.398
Census Tract010301
Assessed Land Value$83,184
Assessed Improvement Value$578,277
Assessment Year2025

About this property

Huge Price Adjustment!! Stunning rural home on 20 acres offering the perfect blend of luxury, comfort, and functionality. The property features a large pool, expansive shop with abundant storage, a custom 3 bay detached garage/mancave with large entertaining area, two covered patios & huge garden area. Plenty of space for pens & farm animals. Inside provides open concept living, gourmet kitchen with high end SS appliances & 2 sinks, solid surface counter tops, custom cabinets and a large island for meal prep. Huge isolated master with his and her walk in closets, en-suite & access to private patio with fireplace and hot tub. Four additional spacious bedrooms with 2 updated baths. Huge basement with theater, bar and additional space for entertaining. Very large storage closet in basement is perfect for holiday decor storage. This rural haven is the perfect place to call home, offering space, comfort, and luxury. Don't miss your chance to own this unique property.

Investor Tools

Property Icon
$840,000
Estimated Property Value
$469,481Estimated Mortgage Balance
$370,519Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,040 /month
Positive
Cash Flow Estimate:
$1,680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,132/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,390
$661,461
2025
$83,184
$578,277
$661,461
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,390
$661,461

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Conventional
$100,000
No
First
Sep 29, 2020
Sep 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$469,481
$370,519
44%
56%
$2,816/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
$2,816/mo
$-1,136/mo
2.4%

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: Shallowater

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