Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
A
NoAgentList RatingHow are grades calculated?Info
Days151Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$78,000

240 E Elm Dr, Murchison, TX, 75778

$87,206 ARVInfo
On MarketInfo
Beds2 Beds
Baths952 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$81.93 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListMust-SellARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Range, Electric Water Heater

Exterior

Lot Size19,166 sqft

Building Information

Year Built1977
Stories1

Land Information

APN066.2042.0009.0011.0001
Lot Number9-12
Land UseResidential
Legal DescriptionACRES: 0.880 BLK: 9 LOT: 9-12 ADDN: HICKORY HILLS II
Census Tract950901
Assessed Land Value$22,390
Assessed Improvement Value$5,950
Assessment Year2024

About this property

INVESTOR OPPORTUNITY – Rare chance to acquire four lots for the price of one in the gated Hickory Hills HOA on Callender Lake in Murchison, TX. This corner property includes a 2-bedroom, 2-bath mobile home with lake views and road frontage on all four lots. Property is currently occupied. The home needs repairs and is being sold as-is, making it ideal for investors, flippers, or developers. Keep and renovate the existing home, or remove the home and split into four individual buildable lots — strong upside potential either way. This Subdivision allows for Tiny Homes, RVs, Mobile Homes are all allowed. HOA amenities include private gated access, private boat ramp, swimming pool, park, and large pavilion. Property features a fenced backyard, storage building, large tornado shelter, and wood-burning stove in the living area. Road access is solid, utilities connected, and the rear of the property offers mature trees with a creek running behind all four lots, adding value, privacy, and drainage. Lake-area demand plus gated access makes this a strong long-term hold, flip, or resale play. Priced for condition and potential. Bring offers.

Investor Tools

$0Estimated Mortgage Balance
$128,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$87,206
Rent-to-Value Ratio: 0.72%
Rent Estimate
$768 /month
Positive
Cash Flow Estimate:
$256 /month

Interested in this property?

Norma Barrett

Coldwell Banker Anderson Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$61/month
$30/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$92
$28,340
2024
$22,390
$5,950
$28,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$92
$28,340

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$128,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Murchison

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

240 E Elm Dr | Property Details | No Agent List