Last 24 Hours
$468,410
NAL Estimated Property Value1500 Fm 68, Leonard, TX, 75452
Off Market
3 Beds
2 Bath
1,356 Sq Ft
$811.21 / sqft
Built in 1927Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms 2AppliancesElectric Range
FlooringCarpet, Linoleum
Exterior
Lot Size60 acres
Building Information
Year Built1927
Land Information
APN74645
Land UseAgriculture / Farming
Legal DescriptionA0343 E M EUBANKS, ACRES 60.
Census Tract950701
Assessed Land Value$415,660
Assessed Improvement Value$52,750
Assessment Year2025
About this property
This property has much to offer. Here you will find approximately 145.4 acres of cultivated land with a topnotch tenant farmer in place. The property has an excellent cropping history of corn, wheat, and soybeans. Also, there is 17.5 acres being used as a hay meadow. As an added bonus, there is an older farmhouse that has rental potential, and barn. All this adds up to picturesque farming homestead owned by the same family for many years! This unique property has approx. 2,193 ft of frontage on FM HWY 68, and 1,951 ft of frontage on CR 3700 giving way to other opportunities as well.
Investor Tools
$468,410
Estimated Property Value
$0Estimated Mortgage Balance
$468,410Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,213
$468,410
2025
$415,660
$52,750
$468,410
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,213
$468,410
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$468,410
100%
0%
$0/mo
12.4%