Last 24 Hours
$188,420
NAL Estimated Property Value1516 County Road 3420, Honey Grove, TX, 75446
Off Market
Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size4.66 acres
Land Information
APN71686
Land UseAgriculture / Farming
Legal DescriptionA0282 WM DOWNING, ACRES 4.663
Census Tract950500
Assessed Land Value$120,560
Assessed Improvement Value$67,860
Assessment Year2025
About this property
4.44 ACRES....The property is currently being used by a local farmer as his farm headquarters. Here you will find a 50' 80' Quonset barn with concrete slab, electric, and a 20' x 16' rollup door. The property sits at the corner of Fannin County Roads 3455 and 3420...giving for several possibilities for this property.
Investor Tools
$188,420
Estimated Property Value
$85,730Estimated Mortgage Balance
$102,690Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,131 /month
Positive
Cash Flow Estimate:
$377 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,425
$188,420
2025
$120,560
$67,860
$188,420
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,425
$188,420
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farm Credit Services
Commercial
$92,000
No
First
Sep 15, 2022
Sep 2042
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$85,730
$102,690
54%
45%
$552/mo
12.4%