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$414,000

22055 County Road 324, Poetry, TX, 75160

$507,386 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,061 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.99 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size32,234 sqft

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APN00.3051.0000.0007.00.06.12
Lot Number7
SubdivisionPoetry Ranch
Land UseResidential
Legal DescriptionPOETRY RANCH, LOT 7
Census Tract050601
Assessed Land Value$66,045
Assessed Improvement Value$348,450
Assessment Year2025

About this property

$3500 For buyer’s closing cost before January 28,2020. Peaceful country living with city amenities.8 miles to Terrell,17 miles to Rockwall 1.23 acres and has a pond and wooded area in the back. Its fenced on three sides, and trees on the front fence line provide privacy. Open concept living, kitchen eat in dining, separate formal dining room. Split bedroom floor plan with double sinks in the bathroom between bedroom 2 and 3. The master suite and LR have inset ceilings and crown molding. Door between walk in closet & laundry room provides easy access for daily chores!! flex room behind laundry room could be an excellent office space or kids game room. GRANITE. Wood look tile throughout.

Investor Tools

Property Icon
$414,000
Estimated Property Value
$34,900Estimated Mortgage Balance
$384,031Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$507,385
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,484 /month
Positive
Cash Flow Estimate:
$828 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$537/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,374
$354,660
2025
$66,045
$348,450
$414,495
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,374
$354,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Runaway Ranches Ltd
Purchase Money Mortgage
$34,900
No
First
Apr 18, 2019
Apr 2059

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$29,969
$384,031
92%
7%
$210/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: Poetry

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