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$570,000

21545 S State Highway 78, Leonard, TX, 75452

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$314.76 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal
FlooringCeramic Tile

Exterior

Lot Size1.50 acres

Building Information

Year Built2002
Garage Spaces2

Land Information

APN124013
Land UseResidential
Legal DescriptionA0036 W ALDERSON, ACRES 1.5
Census Tract950702
Assessed Land Value$49,900
Assessed Improvement Value$310,880
Assessment Year2025

About this property

Great opportunity to own a signature house sitting on a majestic hill with breathtaking sunsets. The peaceful tranquility from your front porch is unparalleled. The acreage and tree lines have been cleared and the home has been restored. A sunny, light, bright ambiance will thrill you with an abundance of natural light. Recent improvements and upgrades include: Roof, all windows, Heater, Air Conditioner, light fixtures, hot water heater, sidewalks and interior and exterior paint. The open, white kitchen is a delight with all new appliances, quartz countertops, large walk-in pantry and oversized desk. The floorplan has split bedrooms and presently the fourth bedroom is used as an additional living area, it would also make a great study! The master bedroom boasts an ensuite bath, sitting area and a door to the outside. The front porch is covered and runs the entire length of the front of the house. The large back covered patio has a vaulted ceiling. Large oversized 2+ garage!

Investor Tools

Property Icon
$570,000
Estimated Property Value
$198,476Estimated Mortgage Balance
$278,729Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,427 /month
Positive
Cash Flow Estimate:
$1,476 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$692/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,448
$360,780
2025
$49,900
$310,880
$360,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,448
$360,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lamar National Bank
Commercial
$198,476
No
First
Dec 13, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,271
$278,729
48%
51%
$1,790/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: Leonard

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21545 S State Highway 78 | Property Details | No Agent List