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$146,000

NAL Estimated Property Value

1943 Fm 489, Oakwood, TX, 75855

Off MarketInfo
Beds— Beds
Baths— Bath
Baths1,216 Sq Ft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

About this property

Come plant a lavender field and build your Bed and Breakfast or VRBO on this 6 acre lot with a creek. Secluded subdivision for acreage homes within a gated community. Lots are reserved for single family residential; cabins, barndominiums, guest houses, detached garages and storage buildings. Primary structure of 1,400 SF minimum living space with secondary buildings of 800 SF living area with a max of 4 buildings per lot. Raising livestock, poultry or other animals (except swine) is permitted. AG crops, vineyards, fruit trees, pecan groves, permanent fields, and lavender fields are permitted. Building permits are through Freestone County. This property has Underground Fiber Internet. Drive is about 3 hours from Houston. The beautiful Fairfield Lake State Park is about 15 minutes away with a 2,400-acre lake for boating, fishing, jet skiing, kayaking and a large beach area for swimming. There's 15 miles of hiking & equestrian trails for your enjoyment as well. Check out Cooper Farms too!

Investor Tools

Property Icon
$146,000
Estimated Property Value
$0Estimated Mortgage Balance
$146,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$876 /month
Positive
Cash Flow Estimate:
$292 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$78/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$211
$11,909
2025
N/A
$11,909
$11,909
No

Tax History

Year
Tax Paid
Assessed Value
2022
$211
$11,909

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$123,000
100%
0%
$0/mo

City: Oakwood

1943 Fm 489 | Property Details | No Agent List