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$299,000

23551 State Highway 19, Canton, TX, 75103

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size18.38 acres

Land Information

APN052.0514.0250.0002.0000
Land UseFarm/Ranch, Other Improvements(Barns)
Legal DescriptionACRES: 18.380 ABST: 514 SUR: F MONTGOMERY
Census Tract951001
Assessed Land Value$267,980
Assessment Year2025

About this property

This versatile 18.38 acre tract offers a rare combination of accessibility, visibility and privacy, making it an exceptional opportunity for residential buyers, investors, and commercial end users alike. Located outside city limits with no known zoning restrictions, the property allows maximum flexibility for residential, recreational, agricultural, and commercial applications. With approximately 429 feet of frontage along State Highway 19, the property provides convenient access while maintaining a peaceful rural setting. Electricity is already installed on-site, supporting immediate development and helping reduce upfront infrastructure costs. The land features a balanced mix of open pasture and mature trees, including two natural meadows that provide ideal locations for custom homesites, shops, business sites, or mixed-use layout. The terrain is level, with native grasses and partially fenced, supporting a wide range of improvement options including residential construction, agricultural use, storage or service-based commercial development, or long-term land holding. Conveniently positioned approximately 10 minutes from Canton and under 20 minutes from Athens, the property benefits from strong regional connectivity while maintaining a quiet East Texas setting.

Investor Tools

$192,984Estimated Mortgage Balance
$74,996Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

Interested in this property?

Kim Craig

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$435/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,875
$267,980
2025
$267,980
N/A
$267,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,875
$267,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Broadstreet Bank Ssb
Purchase Money Mortgage
$206,000
No
First
Dec 19, 2022
Jan 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,984
$74,996
27%
72%
$1,236/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: Canton

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