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$495,000

1528 CR 697, Farmersville, TX, 75442

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About this property

Three adjacent parcels totaling 12.03 acres with no deed restrictions in a prime Farmersville, TX location. Property is approximately 1.5 miles south of State Highway 380, near the proposed Collin County Outer Loop, and about 4 miles north of rapidly growing Josephine. New survey available. Property includes three parcels: two front tracts of approximately 1 acre each offering ~225 feet of frontage on County Road 697, plus a third ~10-acre tract with residence and improvements. Ideal horse property, featuring fenced and cross-fenced pasture, pipe-fenced riding arena with elevated spectator stand, and a barn with workshop for equipment and storage. The property includes a 2,128 sq ft (2001 Fleetwood Waverly Crest) doublewide manufactured home, recognized as real property, offering 4 bedrooms and 3 bathrooms. Home is move-in ready or suitable for rental income. Majority of value is in land, location, and utilities. Land features open pasture in front with gently wooded acreage in the rear, including Cowskin Creek. Houston Black soil rated for moderate farming. Whitetail deer and native wildlife observed. Information deemed reliable but not guaranteed. Buyer to verify all information. Boundary lines are approximate. .

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$0Estimated Mortgage Balance
$495,000Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Travis Hunt

Texan Team

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Financing Details

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

City: Farmersville

1528 CR 697 | Property Details | No Agent List