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$1,008,191

2440 N FM 740, Heath, TX, 75032

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,789 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$395.88 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesGas Cooktop, Gas Oven, Gas Range, Microwave, Double Oven, Refrigerator
FlooringCarpet, Laminate, Marble

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Fire Pit, Playground, Storage
Lot Size3.06 acres

Building Information

Year Built1994
Stories1
Garage Spaces2

Land Information

APN0231-0000-0034-07-0R
SubdivisionA Rodriquez
Land UseAgriculture / Farming
Legal DescriptionABS A0231, A RODRIQUEZ, TRACT 34-7, 3.064 ACRES
Census Tract040508
Assessed Land Value$534,362
Assessed Improvement Value$473,829
Assessment Year2025

About this property

Beautifully updated home with room to store 8 cars plus! 4BR 4Bath 2-story home with views across 3 acres. The detached 735 square foot Guest House could serve as a home office or perhaps rental income. The expansive 3,680 square foot Workshop with overhead doors provides endless options for your business or hobbies. Circular drive provides plenty of parking for guests & the foyer is accessed through the grand double wrought iron front doors. Open concept main living space is lavishly updated & kitchen includes commercial grade appliances including a gas range. Walls of windows illuminate the space & provide beautiful views from the kitchen, living room & family room. Primary bedroom has direct access to balcony which overlooks the pool & expansive yard. Note that the workshop is 40'X92' with 2 large overhead garage doors for a large Car Collection, RV, Boat, Man Cave, projects or home business. The previously mentioned detached 735 SF guest house with full bathroom, kitchenette & laundry could also serve as home office or pool cabana. Heath provides a perfect setting to raise your family including exceptional schools, exceptional recreational activities and parks nearby, PLUS its close proximity to Lake Ray Hubbard is a bonus.

Investor Tools

Property Icon
$1,008,191
Estimated Property Value
$0Estimated Mortgage Balance
$347,558Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,921/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,009
$1,008,191
2025
$534,362
$473,829
$1,008,191
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,009
$1,008,191

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Redstone Funding Llc
Conventional
$715,400
No
First
Apr 11, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$660,633
$347,558
34%
66%
$4,290/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: Heath

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2440 N FM 740 | Property Details | No Agent List