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$223,000

1986 State Highway 315, Carthage, TX, 75633

$229,000 ARVInfo
Off MarketInfo
Baths0 Bath
Baths4,536 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$50.49 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

About this property

Barndominium ready for you to build out with road frontage to State Hwy 315. About a mile from the loop in Carthage. 4,536 Sq. Ft. with 3-phase power on about 1.291 acres. Endless Possibilities for you to customize as a barndominium or office with shop, outside of the city limits!

Investor Tools

Property Icon
$223,000
Estimated Property Value
$90,006Estimated Mortgage Balance
$134,176Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$229,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,208
$122,190
2025
$13,400
$108,790
$122,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,208
$122,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Commercial
$90,006
No
First
Aug 26, 2025
Aug 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,824
$134,176
60%
40%
$540/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: Carthage

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1986 State Highway 315 | Property Details | No Agent List