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$338,000

NAL Estimated Property Value

20497 State Highway 21 E, Grapeland, TX, 75844

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,587 Sq Ft
price_per_sqft$144.3 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size1.89 acres

Building Information

Year Built1985

Land Information

APN000660204000000000026
SubdivisionJ Prewitt
Land UseResidential
Legal DescriptionJ PREWITT AB 66 1.891 AC
Census Tract950102
Assessed Land Value$27,420
Assessed Improvement Value$180,310
Assessment Year2025

About this property

SMALL COUNTRY ACREAGE! You will be impressed as you drive up the asphalt drive to this country home. The front pasture is fenced, perfect for livestock or a garden area. This three bedroom, two bath home is in move-in-ready condition. The spacious living area has a wood burning fireplace and ample windows to look across the property. The kitchen has good cabinet space and all appliances will convey. You’ll appreciate the mudroom/laundry with access to the carport. The primary bedroom has a private bath, while two guest bedrooms share a hall bath. Outdoors, there is storage in the carport, as well as a shop with electricity. You’ll enjoy sitting on the covered front and back porches. For a private showing, give us a call today!

Investor Tools

Property Icon
$338,000
Estimated Property Value
$153,638Estimated Mortgage Balance
$184,362Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$207/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$795
$207,730
2025
$27,420
$180,310
$207,730
No

Tax History

Year
Tax Paid
Assessed Value
2025
$795
$207,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial Bank Of Texas Na
Purchase Money Mortgage
$164,000
No
First
Dec 14, 2022
Jan 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,638
$112,362
42%
45%
$984/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: Grapeland

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20497 State Highway 21 E | Property Details | No Agent List