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$510,000

NAL Estimated Property Value

1601 County Road 1155, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,331 Sq Ft
FarmFarm
price_per_sqft$214.5 / sqft
Year BuiltBuilt in 1997

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesAwning(s), Balcony
Lot Size13.53 acres

Building Information

Year Built1997
Garage Spaces2

Land Information

APN85629
Land UseResidential
Legal DescriptionA1155 WM WOMACK, ACRES 13.527
Census Tract950800
Assessed Land Value$224,820
Assessed Improvement Value$267,210
Assessment Year2025

About this property

This remarkable ranch-style home, is situated on a sprawling 13.5+ acre lot is move in ready for new owners with tons of room for horses or other farm animals! Step inside and discover a spacious interior boasting 3 large bedrooms, generous living areas, and a roomy kitchen area with granite countertops, large peninsula with lots of storage, under cabinet lighting with pass through into family room perfect for creating lasting memories with family and friends. Two car garage with large office and game room provide endless possibilities even has added storage on all sides of game room. Large shed with electricity, horse pasture with hay shed , another additional shed with tractor parking and more! With its prime location in Fannin County in the country but close to the city and convenient to shopping and dining! This property truly has it all. This is a must see opportunity! #realtytown3

Investor Tools

Property Icon
$510,000
Estimated Property Value
$497,348Estimated Mortgage Balance
$12,652Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$343/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,572
$492,030
2025
$224,820
$267,210
$492,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,572
$492,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Va
$508,600
Yes
First
Feb 3, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$497,348
$12,652
2%
98%
$3,050/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: Bonham

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1601 County Road 1155 | Property Details | No Agent List