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$349,900

223 Fm 488, Fairfield, TX, 75840

$363,131 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,773 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.18 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Gas Range, Refrigerator
FlooringCarpet, Ceramic Tile, Tile

Building Information

Garage Spaces2

About this property

BIG HOUSE BIG ROOMS BIG POSSIBILITIES welcome to country living at 223 FM 488. Escape to the peace and privacy of country living with this spacious 3 bedroom 3 bath brick home situated on 2 beautiful acres just outside Fairfield. Offering 2,773 square feet, this well-built home features oversized rooms throughout, providing plenty of space for entertaining, family gatherings, or simply spreading out. Step inside to find a welcoming foyer with decorative stained glass entry, a large living room with soaring vaulted ceilings, exposed beams, a floor to ceiling brick fireplace and custom built in cabinetry that adds warmth and character. The spacious kitchen is designed for both function and style featuring abundant oak cabinetry granite countertops a center island stainless steel appliances, tile backsplash, double sink, and a generous dining area perfect for hosting family meals. The split-bedroom floor plan offers privacy, while the large bedrooms provide ample closet space and flexibility for family or guests. Outside, mature trees and an expansive yard create a peaceful country setting with plenty of room to enjoy the outdoors. The property also features a 20' x 20' metal shop, perfect for storage, hobbies, lawn equipment, or a workshop. A Generac home standby generator is included, providing automatic backup power and added peace of mind during unexpected outages. Additional acreage is available separately with adjoining Parcel 4161. This parcel includes a 3 stall horse barn plus an impressive 40 x 60 enclosed metal shop featuring three 12 x 10 roll up doors and an additional 40 x 20 covered area. An excellent opportunity for horses, equipment, RV or boat storage, a workshop, or anyone simply wanting more room to spread out. With room to live, work, play, and grow, this property offers a unique opportunity to enjoy country living just minutes from Fairfield. Schedule your private showing today and come discover the possibilities at 223 FM 488.

Investor Tools

$0Estimated Mortgage Balance
$309,661Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$363,130
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Tammi Kirgan

Rubicon Home Team Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$506/month
No HOA
5.947%

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: Fairfield

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223 Fm 488 | Property Details | No Agent List