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$749,990

179 Cowan Xing, Alvord, TX, 76225

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$312.5 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Wine Cooler
FlooringWood

Exterior

Lot Size2.75 acres

Building Information

Year Built2022
Roof Type158
Garage Spaces1

Land Information

APNR0990.0B20.00
Lot Number20
SubdivisionGrassland Estates Ph 1
Land UseResidential
Legal DescriptionLOT 20 BLK B GRASSLAND ESTATES PH 1
Census Tract150101
Assessed Land Value$175,271
Assessed Improvement Value$481,625
Assessment Year2025

About this property

Custom 3BR,3BA plus Office on 3 Acres, Pond, Shop Pad & Dual-Sided Fireplace. Peaceful country living meets modern comfort on this stunning 3-acre property in Decatur, Texas. This 2,400 sq ft custom-built home features a dedicated home office, private pond, fully fenced backyard, shop pad ready for your dream build, and an open-concept floor plan designed for the way you actually live.Inside, a dual-sided fireplace anchors the living space, creating warmth and ambiance from two rooms at once. The dedicated home office is ideal for remote work, a study, or flex space. The spacious primary suite is a true retreat, complete with two ample closets. Three full bathrooms and generous living areas make this Wise County home as functional as it is comfortable. Outside, the fully fenced quarter-acre backyard features two wide-access gates, purpose-built for UTVs, Can-Am vehicles, zero-turn mowers, and equipment. A graded shop pad sits ready for your workshop, garage, or barn, no site prep needed. The remaining acreage backs up to a scenic pond where local wildlife and geese make for a peaceful, ever-changing backdrop. The yard is also pool-ready, making it ideal for entertaining and enjoying the Texas outdoors for years to come. Conveniently located with quick access to Hwy 287 and nearby shopping, dining, and amenities in Decatur, without sacrificing the privacy and space you’re looking for. Key Features: 3 bed, 3 bath, Office, 2,400 sq ft, 3 acres , Decatur TX, Wise County, Dual-sided fireplace, Large primary suite with dual closets, Private pond, Fenced backyard, Dual-access gates, Shop pad ready, Pool-ready yard, Open-concept, Custom build. This home may qualify for a lender-paid incentive of up to $8,000 toward closing costs or a rate buy-down, subject to buyer qualification and lender approval. Buyer is not required to use the preferred lender to purchase the home. Contact the listing agent for full details.

Investor Tools

$454,477Estimated Mortgage Balance
$258,523Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Jazzmin Andrade

INC Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$827/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,357
$656,896
2025
$175,271
$481,625
$656,896
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,357
$656,896

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pilgrim Bank
Open End Mortgage / Open End With Future Advance Clause
$40,000
No
First
Feb 14, 2022
Feb 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$454,477
$258,523
36%
64%
$2,923/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: Alvord

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179 Cowan Xing | Property Details | No Agent List