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$425,000

NAL Estimated Property Value

15693 State Hwy 205, Terrell, TX, 75160

Off MarketInfo
CommercialInfo
Baths0 Bath
Unimproved LandUnimproved Land
Year BuiltBuilt in 1996

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Ceramic Tile

About this property

Welcome to this must see 2.2 acre versatile property with residential and commercial opportunities! This lot offers endless possibilities making it an ideal choice for those looking for a family home or a new location for their business. Nestled in a prime location along bustling Hwy 205, recently annexed into the City of Terrell and a short drive to Rockwall and Dallas, this property ensures that you’ll capture attention and convenience. At the heart of this property lies a well-kept double wide, designed for comfort and functionality. The interior boasts custom cabinets and built-ins that add a touch of practicality to the living space. Enjoy your nights relaxing from the large covered front and back porches. The property is fully fenced, providing security and privacy for your endeavors. Additionally, you will find a 24x14 storage building and 25x25 workshop both equipped with electricity that are excellent spaces for equipment, hobbies or business operations. Don’t miss this rare opportunity to own a versatile property that combines the comfort of home with the potential for business development in the ever growing city of Terrell! Schedule your viewing today!

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$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

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

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: Terrell

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15693 State Hwy 205 | Property Details | No Agent List