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A+
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Days270Days on Market
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$625,000

136 County Road 1040, Center, TX, 75935

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths5,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Double Oven, Ice Maker, Microwave, Refrigerator, Trash Compactor, Gas Water Heater, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size32,670 sqft

Building Information

Year Built1992
Garage Spaces2

Land Information

APNR17285
SubdivisionCarzenava Estevan
Land UseResidential
Legal Description0096 CARZENAVA ESTEVAN SUR BLK 11 TR 47 .75 ACRES WINKIE WARR S/D - 138 CR 1040 (FAAIRWOOD DR)
Census Tract950300
Assessed Land Value$10,430
Assessed Improvement Value$302,500
Assessment Year2025

About this property

Here is a distinguished 5 bedroom, 3.5 bath executive style custom built home with only the finest materials throughout and features 5,000 sf of refined living space, crafted for those who appreciate both comfort and sophistication. Situated just outside the city limits in a highly desirable location, this home combines privacy with convenience on a perfect corner lot. Designed for entertaining and a large family in mind, this expansive layout showcases elegant living, a dream kitchen for your chef with top grade appliances and impressive details throughout. Step outdoors to your own resort style retreat featuring a sparkling gunite pool with concrete and flagstone with impeccably landscaped grounds that provide beauty and tranquility year round. With its commanding presence, premier location, and exceptional amenities, this property is more than a home, it is a statement of lifestyle! Contact the listing realtor or your favorite realtor and make sure you have a Pre-qualification Letter!!

Investor Tools

$41,361Estimated Mortgage Balance
$577,639Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

Interested in this property?

Rhonda Proffitt

Scarborough Realty Group TX -Carthage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,784
$312,930
2025
$10,430
$302,500
$312,930
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,784
$312,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Shelby Savings Bank Ssb
Arm (Adjustable Rate Mortgage)
$65,000
No
First
Aug 1, 2007
Aug 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$41,361
$577,639
93%
7%
$455/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.

Explore Texas Explore This Area
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: Center

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136 County Road 1040 | Property Details | No Agent List