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$309,000

NAL Estimated Property Value

171 Cheyenne Dr, Nocona, TX, 76255

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,292 Sq Ft
price_per_sqft$231.42 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Microwave, Refrigerator

Building Information

Year Built2004
Garage Spaces2

Land Information

APNR000019219
Lot Number1346
Land UseResidential
Legal DescriptionLOT 1346 NOCONA HILLS
Census Tract950100
Assessed Land Value$16,000
Assessed Improvement Value$197,400
Assessment Year2025

About this property

Perched atop a hill, this home offers stunning views of Lake Nocona and quick access to the private Nocona Hills boat ramp and swimming area. With its rock exterior, charming woodwork, and lush lawn, the property boasts undeniable curb appeal. The detached garage provides ample storage space with built-in shelving, and additional concrete parking has been added for your convenience. Inside, the home is impeccably maintained. The primary bedroom features a walk-in closet and a private en-suite bathroom. The kitchen has been recently remodeled and is located adjacent to a full-size washer and dryer area for added practicality. Nestled within the private Nocona Hills subdivision, this home is part of a secure, gated community with 24-hour guarded entry. Beyond the home, the neighborhood offers a host of amenities, including a private fishing lake and a campground, making it ideal for weekend getaways or outdoor enthusiasts. Whether you’re seeking a peaceful retreat or a potential investment opportunity, this property is a must-see. Come explore everything Nocona Hills has to offer!

Investor Tools

Property Icon
$309,000
Estimated Property Value
$240,907Estimated Mortgage Balance
$68,093Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,854 /month
Positive
Cash Flow Estimate:
$618 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,455
$213,400
2025
$16,000
$197,400
$213,400
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,455
$213,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameridream Mortgage Group Llc
Conventional
$245,600
No
First
Apr 25, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,907
$68,093
22%
78%
$1,473/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: Nocona

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171 Cheyenne Dr | Property Details | No Agent List