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$405,000

1283 County Road 12, Tulia, TX, 79088

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,060 Sq Ft
price_per_sqft$196.6 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2

Exterior

Lot Size102.18 acres

Building Information

Garage Spaces2

Land Information

APN15621
Land UseResidential
Legal DescriptionBLK M-13 SEC 10 N/PT 102.18 ACRES
Census Tract950200
Assessment Year2025

About this property

Located just minutes southwest of Tulia, this 102.18 acre irrigated farm presents a rare opportunity to own productive Texas Panhandle farmland paired with a comfortable country home. Offering approximately 100 acres of cultivated land, a strong irrigation well producing approximately 8090 gallons per minute, and nearly 100% Pullman Clay Loam soils, this property is well-equipped for continued agricultural production while providing the privacy of rural living. The farm is currently operated under a crop-share arrangement and features established FSA base acres in seed cotton, wheat, grain sorghum, and corn. Approximately half of the acreage is currently planted in wheat and half in cotton, providing immediate agricultural income potential. The brick home is tucked away from neighboring properties and offers three bedrooms, two bathrooms, central heat and air, a wood-burning fireplace with gas starter, basement, attached two-car garage, and natural gas service. Numerous recent improvements include a new 30-year composition shingle roof installed in 2024, a state-certified septic system, a recently reworked domestic water well, and a new well house.

Investor Tools

$0Estimated Mortgage Balance
$283,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

Interested in this property?

Cayson George

Western Heritage Realty/Invest

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$910
$200,556
2025
N/A
N/A
$202,470
No

Tax History

Year
Tax Paid
Assessed Value
2025
$910
$200,556

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$283,000
100%
0%
$0/mo

City: Tulia

1283 County Road 12 | Property Details | No Agent List