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NoAgentList RatingHow are grades calculated? Info
Days33Days on Market
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$425,000

245 Pr 8368, Spurger, TX, 77660

$552,500 ARVInfo
On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,644 Sq Ft
price_per_sqft$160.74 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesCooktop

Exterior

Lot Size8.81 acres

Building Information

Year Built1994

Land Information

APNR386341
Land UseFarm & Ranch Improved - Rural Residence
Legal DescriptionA0360 W. C. HOOPER,ACRES 8.8130
Assessed Land Value$85,486
Assessed Improvement Value$310,283
Assessment Year2025

About this property

Escape to the peaceful Piney Woods with this stunning 2-story log cabin nestled on **8+ unrestricted acres**! Offering 5 bedrooms and 2.5 baths, this spacious home features an open-concept floor plan, and an island kitchen with all-new butcher block countertops, coffee bar, and appliances that are just over one year old and still under warranty. Recent upgrades include a new downstairs central A/C, new water heaters, toilets, shower, garbage disposal, lighting, ceiling fans, and wraparound porch fixtures. Enjoy the convenience of all-electric utilities with an optional propane wall-heater. Outside you'll find a small pond, barn, large shop with new electrical and lighting, shed, additional outbuildings, 35x35 carport, circle drive, and newly added exterior electrical outlets on all sides of the home. Whether you're looking for a homestead, hobby farm, or private retreat, this move-in-ready property offers endless possibilities!

Investor Tools

Property Icon
$395,769
Estimated Property Value
$190,000Estimated Mortgage Balance
$209,399Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$552,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

Interested in this property?

Ashley Jackson-Whitworth

Martindale Real Estate Investments

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$395,769
2025
$85,486
$310,283
$395,769
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$395,769

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Unknown
$190,000
No
First
May 8, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,370
$209,399
52%
47%
$1,140/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: Spurger

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245 Pr 8368 | Property Details | No Agent List