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$899,500

$950,000

1847 County Road 4205, Bonham, TX, 75418

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,934 Sq Ft
FarmFarm
price_per_sqft$306.58 / sqft
Year BuiltBuilt in 1977

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size2.91 acres

Building Information

Year Built1977

Land Information

APN75716
Land UseResidential
Legal DescriptionA0417 M GILBERT, ACRES 2.91
Census Tract950600
Assessed Land Value$109,770
Assessed Improvement Value$315,160
Assessment Year2025

About this property

Welcome to country living at its finest on 20 beautiful Ag Exempt acres designed for both everyday farm life and unforgettable gatherings. This “farm lived-in” property offers the perfect blend of functionality, charm, and wide-open space. Beautiful mature pecan trees shade the yard creating a peaceful setting that has hosted numerous weddings and special events over the years, offering natural beauty including pear, peach and jujube trees. Plenty of room for entertaining family and friends. Equestrian enthusiasts will appreciate the sandy soil, ideal for horses, along with cross-fenced pastures ready for livestock or rotational grazing. The property also features a 86'x40' wood-frame barn with metal exterior siding, a concrete slab floor, and 56'x12' attached covered parking and storage for farm equipment, trailers, and additional vehicles. The home features 3 bedrooms and 2 bathrooms, with all bedrooms located upstairs for added privacy. Downstairs offers an abundance of versatile living space including flex spaces perfect for a home office, game room, hobby space, guest area, or additional living areas to fit your needs. Whether you’re looking for a working farm, horse property, event venue potential, or simply a peaceful country retreat, this unique acreage offers endless possibilities.

Investor Tools

$51,439Estimated Mortgage Balance
$888,893Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,640 /month
Positive
Cash Flow Estimate:
$1,880 /month

Interested in this property?

Megan Towery

PARAGON, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$793/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,818
$424,930
2025
$109,770
$315,160
$424,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,818
$424,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank & Trust Of Texas
Open End Mortgage / Open End With Future Advance Clause
$47,440
No
First
Apr 5, 2019
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$51,439
$538,561
91%
5%
$355/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: Bonham

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1847 County Road 4205 | Property Details | No Agent List