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$377,568

NAL Estimated Property Value

15647 County Road 355, Terrell, TX, 75161

$448,578 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,195 Sq Ft
price_per_sqft$172.67 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave

Exterior

Lot Size3 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces4

Land Information

APN99.0023.0000.0125.00.06.00
SubdivisionJ G Berry
Land UseResidential
Legal DescriptionJ G BERRY, TRACT 125.00; 3. ACRES, & HOUSE & HOUSE
Census Tract050602
Assessed Land Value$181,997
Assessed Improvement Value$195,571
Assessment Year2025

About this property

This is a rare opportunity at 15647 & 15655 County Road 355 in Terrell, TX 75161, offering two properties for the price of one on a spacious 3-acre lot. Both units have separate water meters and electric service, making it ideal for multi-family living or rental income. The main home features approximately 1,475 sq ft with 3 bedrooms and 2 fully renovated bathrooms, along with a bright living and dining area. The property has been completely updated with a new kitchen including modern cabinets, countertops, and appliances, as well as new flooring, carpet, windows, HVAC system, roof, water heater, and foundation repair with warranty. The second unit offers approximately 750 sq ft with a 1 bedroom, 1 bathroom studio-style layout, including a spacious 13x13 room, and has also been fully renovated with a new kitchen, new bathroom, new flooring, new carpet, and a new roof. In addition, the property includes an approximately 2,000 sq ft metal shop with 4 garage doors and parking space for up to 10 vehicles, perfect for a workshop, business use, or extra storage. This property offers incredible flexibility and value with endless possibilities for investors, business owners, or multi-generational living, plus a huge bonus of space and functionality.

Investor Tools

Property Icon
$377,568
Estimated Property Value
$0Estimated Mortgage Balance
$377,568Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$448,577
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$706/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,583
$377,568
2025
$181,997
$195,571
$377,568
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,583
$377,568

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$377,568
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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: Terrell

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