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$703,972

NAL Estimated Property Value

23950 FM 485, Burlington, TX, 76519

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,140 Sq Ft
price_per_sqft$164.25 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 5Bathrooms 5
Garage AvailableGarage Available
AppliancesDishwasher, Free-Standing Range, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesBalcony
Lot Size109.89 acres

Building Information

Year Built2004
Stories2
Garage Spaces5

Land Information

APN346626
SubdivisionJ M Leman
Land UseAgriculture / Farming
Legal DescriptionA0514BC J M LEMAN, 1, & A0525BC J M LEMAN, 20, ACRES 109.89 1, & A0525BC J M LEMAN, 20,
Census Tract020102
Assessed Land Value$22,668
Assessed Improvement Value$681,304
Assessment Year2025

About this property

Smith Horse Ranch. 109.88 acres, mix of pasture & wooded sections. The 5 bdrm home features 3 full baths, 2 1/2 baths, 2 living rooms, 2 kitchens, office & 2 fireplaces, 4-Car Garage & ±1,800sf Horse Stables w/wash stall & tack room! 3 ponds, the largest is over 1 acre and stocked w/fish. There is ±1,700' along North Elm Creek. Great views thanks to over ±70' of elevation changes; 480'-410' above sea level. Ag Exempt; no city taxes. Rogers ISD.Guest Accommodations: Yes Restrictions: Yes

Investor Tools

Property Icon
$703,972
Estimated Property Value
$0Estimated Mortgage Balance
$703,972Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,224 /month
Positive
Cash Flow Estimate:
$1,408 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,112/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,828
$703,972
2025
$22,668
$681,304
$1,413,319
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,828
$703,972

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$703,972
100%
0%
$0/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.

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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: Burlington

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23950 FM 485 | Property Details | No Agent List