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$499,000

$515,000

16051 County Road 341, Terrell, TX, 75161

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,500 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$332.67 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
FlooringHardwood

Exterior

Exterior FeaturesRain Gutters, Storage, Garden
Lot Size18.50 acres

Building Information

Year Built2018
Stories1

Land Information

APN99.0563.0000.0005.00.06.00
SubdivisionN D Walling
Land UseResidential
Legal DescriptionN D WALLING, TRACT 5.00; 18.5 ACRES
Census Tract050602
Assessment Year2025

About this property

REDUCED PRICE! Investment Property! Bring your vision and unlock the incredible potential of this approximately 18.5-acre AG-exempt property in Terrell. This is more than a home—it’s an opportunity to create the Texas lifestyle, ranch, homestead, or investment property you’ve been looking for. The acreage is the true star of this property. With open space, partial fencing, water features, and room to spread out, the possibilities are extensive. Imagine raising livestock, creating a private family compound, building a hobby farm, establishing a garden or orchard, enjoying recreational activities, or simply having the space and freedom that comes with owning acreage. The property offers the perfect canvas for those looking to expand, improve, and make it their own. Whether your dream is a small working ranch, homestead, weekend retreat, hunting and recreational property, or a long-term investment, this acreage provides the room and flexibility to bring that vision to life. The existing home provides a comfortable base while you develop the land around it. Enjoy peaceful mornings, wide-open Texas skies, beautiful sunsets, and the privacy that is increasingly difficult to find this close to the Dallas area. Don’t just buy a property—create something here. Come explore the possibilities and see what this acreage could become!

Investor Tools

$62,189Estimated Mortgage Balance
$406,149Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

Interested in this property?

Lori West

Compass RE Texas, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$406
$468,181
2025
N/A
N/A
$481,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$406
$468,181

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Secure Covenant Interests Ltd
Unknown
$76,293
No
First
Aug 7, 2017
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$62,189
$405,992
86%
13%
$458/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.

Explore Texas Explore This Area
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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16051 County Road 341 | Property Details | No Agent List