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$472,630

NAL Estimated Property Value

1906 Farm Road 1506, Paris, TX, 75460

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,942 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$429.2 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Microwave, Tankless Water Heater, Vented Exhaust Fan, Washer
FlooringCarpet, Combination, Tile, Wood

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size89.80 acres

Building Information

Year Built2011
Stories2
Garage Spaces2

Land Information

APN80051
Lot Number1
SubdivisionJ Campbell Survey
Land UseAgriculture / Farming
Legal DescriptionA173 J CAMPBELL SURVEY, TRACT 1, ACRES 89.8
Census Tract000200
Assessed Land Value$19,130
Assessed Improvement Value$453,500
Assessment Year2025

About this property

Located in Lamar County near Paris, Texas, this 89.8-acre property offers a well-maintained mix of pasture, timber, and a scenic 5-acre lake. With approximately 1,400 feet of county road frontage, the property provides easy access while maintaining privacy and open country views. The 2,942 square foot custom home features 4 bedrooms and 3 bathrooms with a design that blends Texas country, farmhouse, and Hill Country influences. The brick exterior with stone accents, standing seam metal roof, and wraparound covered porch create a functional and attractive setting for rural living. Large windows provide natural light and views of the surrounding landscape, including the lake and open acreage. The home is well insulated and includes a 4-zone heating and air system, gas cooking, and a Generac whole house generator. The land is thoughtfully maintained with a balance of open pasture and wooded areas that support wildlife such as whitetail deer and waterfowl. The 5-acre lake is stocked with bass and catfish, offering year-round fishing opportunities. This property is well suited for hunting, fishing, ATV riding, and shooting. Additional improvements include a 30' x 50' shop with a bathroom, perimeter barbed wire fencing, and utilities already in place including co-op water, electric, septic, and propane. Agricultural exemptions are currently in place, helping reduce property taxes. This property offers a combination of residential comfort, recreational use, and long-term land ownership value in Northeast Texas. Portion of the property north of the lake is located in 100 year floodplain. Buyer to verify.

Investor Tools

Property Icon
$472,630
Estimated Property Value
$242,634Estimated Mortgage Balance
$229,996Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,576 /month
Positive
Cash Flow Estimate:
$2,525 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,399
$472,630
2025
$19,130
$453,500
$472,630
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,399
$472,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City National Bank Of Sulphur Springs
Conventional
$272,000
No
First
Nov 17, 2020
Dec 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$242,634
$229,996
48%
51%
$1,631/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: Paris

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1906 Farm Road 1506 | Property Details | No Agent List