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$675,000

246 Hcr 1450 N, Covington, TX, 76636

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,500 Sq Ft
price_per_sqft$450 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Range, Microwave, Vented Exhaust Fan
FlooringVinyl

Exterior

Private PoolPrivate Pool
Lot Size14 acres

Land Information

APN117883
SubdivisionH Boone A-
Land UseResidential
Legal DescriptionH BOONE A-27 TR 45A 14.00 AC
Census Tract960100
Assessment Year2025

About this property

TURNKEY HORSE & RANCH PROPERTY ON 14 ACRES! Set approximately ½ mile off the paved road, this versatile property offers the infrastructure, space and flexibility that serious horse and ranch buyers are looking for. The property features a 6-stall barn, two approximately ½-acre turnouts, one equipped with a loafing shed, plus an expansive 8-acre back pasture. A 150' x 220' lighted arena provides an exceptional setup for riding, training and events. Five RV pads are equipped with electricity, water and a separate septic system, creating valuable flexibility for guests, ranch hands, extended stays or future uses. The approximately 1,500-SF 3 bed 2 bath farmhouse provides comfortable living quarters and a 170 square foot loft space, while a 12' x 20' she shed-storage building, storm shelter and covered porch add to the property's functionality. With approximately 14 acres, substantial equine improvements and multiple potential uses, this is a rare opportunity to acquire a property that is already equipped for horses, recreation, ranch operations and country living. No HOA. Convenient rural setting with the privacy and space buyers seek, while remaining accessible to the surrounding communities. Come tour this property today! Neighboring property is also available (MLS# 21364534), buy one or buy both for multigenerational living.

Investor Tools

$159,987Estimated Mortgage Balance
$371,013Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Easton Jay

Elite Real Estate Texas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$670
$319,366
2025
N/A
N/A
$362,200
No

Tax History

Year
Tax Paid
Assessed Value
2025
$670
$319,366

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Central Tx
Building Or Construction Loan
$173,250
No
First
Jul 21, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,987
$371,013
69%
30%
$1,039/mo

City: Covington

246 Hcr 1450 N | Property Details | No Agent List