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$599,500

197 County Road 268, Cameron, TX, 76520

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,801 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$332.87 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesGas Range, Gas Water Heater, Water Heater
FlooringCarpet, Tile

Exterior

Exterior FeaturesFire Pit
Lot Size6 acres

Building Information

Year Built2014
Garage Spaces3

Land Information

APNR20511200
Land UseResidential
Legal DescriptionA0280 JONES, JOSEPH P.,6.0 ACRES
Census Tract950100
Assessment Year2025

About this property

Located in a highly accessible Central Texas corridor between Austin, Waco, and Bryan-College Station, this 10-acre ag-exempt ranch property in NE Milam County offers a rare combination of privacy, water resources, and regional convenience. The land features scattered native trees, including large oaks, a deep pond, cross fencing, gently level terrain, and a wet weather creek, creating a scenic, storybook ranch setting ideal for hunting, livestock, or simply enjoying wide-open Central Texas land. The property benefits from dual public road access via FM 979 and CR 268, offering flexibility for future development while maintaining a quiet, private atmosphere. Water access is a standout feature of this Milam County acreage, with multiple water sources on site: a water line running along FM 979, an inactive but connectable water meter, and a private water well, in addition to the property's pond and wet weather creek. Combined with dual road frontage, these features give the land strong potential for multi-family or subdivided use, a valuable advantage in an area where water access has become an increasingly important consideration for buyers. At the heart of the property sits a charming 3-bedroom, 2-bath Tilson Homes residence built in 2014, blending the warmth of a classic farmhouse with modern finishes. Custom cabinetry, granite countertops, and a vaulted ceiling create an inviting interior, while the covered front porch offers a welcoming place to slow down and enjoy the surroundings. A new roof installed in 2021 adds to the home's lasting quality. Additional improvements include a 16x24 shop with an attached 16x30 carport, a 20x30 RV awning with 14' clearance, and an insulated well house. Surrounded by larger acreage tracts, this Central Texas ranch for sale offers a peaceful setting with flexibility for a variety of uses, from a private retreat to a multi-family homestead.

Investor Tools

Property Icon
$614,000
Estimated Property Value
$193,700Estimated Mortgage Balance
$441,212Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,684 /month
Positive
Cash Flow Estimate:
$1,228 /month

Interested in this property?

Cody Cunningham

Cunningham Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,054
$423,881
2025
N/A
N/A
$529,100
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,054
$423,881

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$193,700
No
First
Dec 22, 2020
Jan 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,482
$335,518
65%
28%
$1,162/mo

Learn About the Market: Opportunity in Texas

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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: Cameron

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197 County Road 268 | Property Details | No Agent List