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$629,000

NAL Estimated Property Value

1474 County Road 2159, Grapeland, TX, 75844

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,396 Sq Ft
price_per_sqft$250 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesGas Oven, Microwave, Electric Cooktop, Gas Range, Dishwasher

Exterior

Lot Size1 acre

Building Information

Year Built1996

Land Information

APN004040007000010000104
SubdivisionB A Foreman
Land UseResidential
Legal DescriptionB A FOREMAN AB 404 1.00 AC
Census Tract950101
Assessed Land Value$6,650
Assessed Improvement Value$261,540
Assessment Year2025

About this property

This 72.050-acre property has two homes and is a must see. The primary home is a 2/2 and has a split bedroom floor plan for privacy. There is an entertainment room with a wood burning fireplace and if you like to cook for a large crowd, the kitchen offers a gas range, large island with an electric cooktop, and a built-in barbecue grill. The handy laundry off the kitchen provides great storage space. The oversized primary bedroom has a nice walk-in closet and a private bath. The guest bedroom is of good size and has access to a hall bath. The second home is a two-bedroom, one-bath and features an open floor plan with nice sized bedrooms that overlooks a nice spring-fed lake that is socked with catfish, brim, and crappie. You’ll enjoy spending the evenings on the pier catching a fish or tending to the large garden. This property has two water wells for adequate water supply to the homes and garden, a 24’x24’ storage shed with electricity, and the owner reports good deer hunting.

Investor Tools

Property Icon
$629,000
Estimated Property Value
$579,914Estimated Mortgage Balance
$49,086Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,774 /month
Positive
Cash Flow Estimate:
$1,258 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,024
$268,190
2025
$6,650
$261,540
$268,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,024
$268,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homeowners Financial Group Usa Llc
Va
$629,145
Yes
First
Mar 1, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$579,914
N/A
0%
92%
$3,773/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.

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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: Grapeland

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1474 County Road 2159 | Property Details | No Agent List