Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$319,000

NAL Estimated Property Value

1388 Fm 228, Grapeland, TX, 75844

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,440 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.53 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDouble Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size6.16 acres

Building Information

Year Built2001
Garage Spaces2

Land Information

APN007170068000000000038
SubdivisionM P Mead
Land UseResidential
Legal DescriptionM P MEAD AB 717 6.16 AC TR 2
Census Tract950102
Assessed Land Value$64,680
Assessed Improvement Value$221,750
Assessment Year2025

About this property

QUIET COUNTRY LIVING! Come see this well-maintained three bedroom, two bath ranch-style home, just minutes outside of Grapeland, TX! This home features a beautiful setting on 6.16-acres, completely fenced with ranch wire and fruit producing peach trees. The welcoming front porch is the perfect spot to sip sweet tea in your rocking chair. The living area features a vaulted ceiling and leads into a spacious kitchen with eat-in bar, lots of cabinets and counter space, pantry, breakfast nook, and all appliances will convey with the sale. The primary bedroom has a large walk-in closet and a private bath with walk-in shower. Two guest bedrooms share a hall bath with shower/tub combo. The home has wood laminate and tile throughout for easy cleanup, 2 inch wood blinds throughout, and the home, garage, and pump house have all been freshly painted. Outside, you’ll appreciate the finished two-car garage that is being used as a shop, detached carport, and storage building. Call today to see!

Investor Tools

Property Icon
$319,000
Estimated Property Value
$272,529Estimated Mortgage Balance
$46,471Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$221/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,052
$286,430
2025
$64,680
$221,750
$286,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,052
$286,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Conventional
$280,000
No
First
Nov 18, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,529
$36,471
11%
85%
$1,679/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Grapeland

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1388 Fm 228 | Property Details | No Agent List