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$1,450,000

23241 County Road 2159, Troup, TX, 75789

$1,764,000 ARVInfo
On MarketInfo
Beds4 Beds
Baths6 Bath
Baths3,028 Sq Ft
FarmFarm
price_per_sqft$478.86 / sqft
Year BuiltBuilt in 2006

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Gas Cooktop, Ice Maker, Microwave, Double Oven, Vented Exhaust Fan, Washer
FlooringWood, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Rain Gutters, Lighting, RV Hookup, Storage
Lot Size1 acre

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces1

Land Information

APN1-00000-0017-00-029003
SubdivisionA0017 J M Procella
Land UseResidential
Legal DescriptionABST A0017 J M PROCELLATRACT 29.3 (PT 35.407AC/ SEE TR 29)
Census Tract002101
Assessed Land Value$11,572
Assessed Improvement Value$568,349
Assessment Year2025

About this property

East Texas Horse Property with Roping Arena, Horse Barn & Pool. 35.407 Acres in Troup, TX. This well-maintained equestrian estate combines a beautiful country home with an impressive, ready-to-use horse setup. The 3,028 SF home offers 4 bedrooms and 4 full baths, with each bedroom having a dedicated bath. Features include a dream kitchen with 6-burner gas range, double ovens, farmhouse sink and custom coffee bar, plus scraped hardwood floors, wood beams, fireplace and vaulted ceilings. A full wraparound porch offers sunrise and sunset views, while the covered back patio leads to a resort-style pool with diving board, perimeter seating and attached spa with waterfall. Detached 2-car garage includes an office and half bath. Horse facilities include a 320'x160' sand-dirt arena set up for team roping, breakaway, tie-down and steer tripping, with roping boxes, return alley and stripping chute. The setup also works for barrel racing, cutting and team penning. Approx. 8 sorting pens, catch pen, squeeze chute and round pen add functionality. The 50'x110' barn features six 12'x12' stalls, each with a 30' covered run, center aisle, enclosed tack room, wash rack, water, electric and stall lighting. Approx. 98% open with cross-fenced pasture, 2 ponds including one with a fishing dock, 30'x40' insulated shop with half bath, covered RV spaces with water and electric and ample trailer parking. Permanently installed generator. Just 6 miles from Troup, 20 miles from Jacksonville and 28 miles from Tyler. Ideal as a private East Texas horse ranch, roping and training property or potential boarding facility.

Investor Tools

$654,613Estimated Mortgage Balance
$931,878Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,764,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,498 /month
Positive
Cash Flow Estimate:
$3,166 /month

Interested in this property?

Charlee Rees

Keller Williams Realty-Tyler

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,202
$579,921
2025
$11,572
$568,349
$579,921
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,202
$579,921

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$700,000
No
First
Dec 16, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$654,613
$1,091,387
62%
41%
$4,197/mo

City: Troup

23241 County Road 2159 | Property Details | No Agent List