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$305,000

NAL Estimated Property Value

1547 Fm 574 W, Mullin, TX, 76864

Off MarketInfo
Baths0 Bath
Baths480 Sq Ft
Year BuiltBuilt in 1985

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size21,780 sqft

Land Information

APNR000007203
Land UseResidential
Legal DescriptionACRES: 1.000 HOUSE & SHEDS W L MARTIN ABST-1148
Census Tract950100
Assessed Land Value$3,360
Assessed Improvement Value$5,260
Assessment Year2025

About this property

An outdoor paradise awaits you in western Mills County! This 156 acre property has it all with rolling hills, valleys, wet weather creek, various draws, and 4 ponds. The ponds hold well and still have water in spite of sparce run-off rain in the past few months. The rolling terrain has substantial cover consisting of a wide variety of oak trees, cedar, brush, and grasses. All of this meets the needs of the diverse array of wildlife which includes dove, turkey, whitetail deer, and 3 oryx. All of this combines to offer a hunter or recreationalist paradise! Property taxes are minimalized with a wildlife exemption in place. The property is easily traversed with good pasture roads throughout. The scenic and breathtaking views that envelop the property provide ample opportunity for relaxation and rejuvenation. The updated and cozy, farmhouse is nestled among the hills away from the paved road, offering peace and tranquility. Within the large fenced area with the house, there is also a guest house, shop with garage, and equipment barn. Built in 1985, the main house is just over 2,100 square feet of living space with updated amenities. The first floor has a cozy living area with unique wood ceilings, kitchen and dining room, spacious main suite with on-suite bath, a bonus room with vaulted ceiling that would be perfect for an office or additional bed room, washer and dryer connections, and .5 bath. Upstairs, you will find two other nice-sized guest bedrooms and a guest bathroom. The guest house has nearly 1,000 square feet of living area with open concept living, dining, and kitchen. The comfortable bedroom has an on-suite bathroom as well. There are two water wells on the property, one for the main house and guest house, and the other for the additional cabin with electricity toward the back of the property. Give us a call if you are ready to embrace the great outdoors and make this slice of paradise yours.

Investor Tools

Property Icon
$305,000
Estimated Property Value
$0Estimated Mortgage Balance
$305,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,550 /month
Positive
Cash Flow Estimate:
$2,850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$136/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$111
$8,620
2025
$3,360
$5,260
$8,620
No

Tax History

Year
Tax Paid
Assessed Value
2025
$111
$8,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$305,000
100%
0%
$0/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: Mullin

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1547 Fm 574 W | Property Details | No Agent List