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$250,000

12817 State Highway 36 E, Cross Plains, TX, 76443

Under ContractInfo

Property Lead Type:

Off-Market ListAbsentee Owner

Exterior

Lot Size7.74 acres

Land Information

APNR000000117
Land UseOther / Unknown
Legal DescriptionACRES: 7.740 2 777 WG ANDERSON
Census Tract030200
Assessed Land Value$78,950
Assessed Improvement Value$6,410
Assessment Year2025

About this property

This 7.37 acres sits just minutes from the 4-way stop in Cross Plains and fronts Hwy 36 approx 150 ft. The barn-house has 16 ft walls, one walk-in door and one 14 ft x 14 ft roll up door. The inside is completely covered with 2 inches of closed cell insulation to help keep it warm in winter and cool in summer. The interior work has been started with a back wall framed up for 2 bedrooms and 1 large bathroom. There is decking on top of these rooms and plenty of space for more bedrooms or an office, playroom or media room. The rest of the barn would be ready for open-concept living with plumbing for a kitchen island or you could frame up more walls for additional bedrooms. All utilities are in place and this is a blank slate ready for you to make it into anything you want it to be. The home is served by a water well which is approx 80 ft deep and produced approx 10 gpm when drilled. There is a septic system in place which runs from behind the barn where you can hook up an RV and tie the house in when you get it completed. The septic tank and lateral lines are running between the trees toward the highway. There is electricity buried from the highway behind the barn with a 50 amp hookup for an RV and a breaker box in place for the barn or house. The land has Cottonwood, Pecan and Oak trees and one small pond. There are small sheds that would be great for housing mini cows, donkeys, sheep or goats. These sheds have pipe runs with chain link fencing to keep your animals separated. They would be good for your 4-H or FFA projects. The coastal Bermuda grass is plentiful and could be great with fertilizer and weed killer. The portable building behind the barn will not convey. And there is an additional 2.34 acres along Hwy 36 that could be purchased to square off the property lines and add road frontage.

Investor Tools

Property Icon
$85,360
Estimated Property Value
$75,553Estimated Mortgage Balance
$11,478Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$127/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,098
$85,360
2025
$78,950
$6,410
$85,360
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,098
$85,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Heritage Bank
Building Or Construction Loan
$75,553
No
First
Apr 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,882
$11,478
13%
87%
$453/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: Cross Plains

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