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$288,000

1498 Walleye Creek Trl, Lexington, TX, 78947

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesNone
Lot Size10 acres

Land Information

APN207506
Lot Number22
Land UseAgriculture / Farming
Legal DescriptionWALLEYE CREEK RANCH, LOT 22, ACRES 10.0
Census Tract000100
Assessed Land Value$288,000
Assessment Year2025

About this property

Discover the endless possibilities with this 10-acre piece of land in Lexington, Texas. Whether you're looking to build your dream home, establish a farm, or enjoy the tranquility of nature, this property offers the perfect opportunity. Embrace the best of rural living while being conveniently located in the charming community of Lexington. The property offers an agriculture exemption and a comprehensive Wildlife Management plan through Plateau Land and Wildlife Management, currently valid through 2027. This opportunity offers both economic benefits and a commitment to preserving nature. The lot features include a serene stream gracing the back of the property, adding to its natural beauty and appeal, and the land's relative flatness, making it an ideal canvas for building without the added expenses that come with challenging topography. Don’t miss out on this exceptional piece of land!

Investor Tools

Property Icon
$288,000
Estimated Property Value
$179,925Estimated Mortgage Balance
$121,849Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7
$288,000
2025
$288,000
N/A
$288,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7
$288,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Classic Bank Na
Commercial
$179,925
No
First
Apr 13, 2022
Apr 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,456
$121,544
42%
58%
$1,079/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: Lexington

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1498 Walleye Creek Trl | Property Details | No Agent List