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$800,000

NAL Estimated Property Value

259 County Rd 2500, Mineola, TX, 75773

Off MarketInfo

About this property

40+ acres this close to town is almost unheard of! This beautiful acreage is a mixture of wooded and cleared land surrounding a small lake. Imagine Mineola's next housing development with lake views only 5 minutes to the grocery store or downtown! Sitting at the intersection of FM 1254 and CR 2500, it's a prime location for development. Access to both roads already exists. The southwest corner of the property is within city limits providing city water service. But the majority of the land is outside city limits giving freedom and no restrictions in use. The best of both worlds! The house on the property has updated plumbing and HVAC leaving the aesthetics to a buyers' preferences. Or the home could be removed to develop the land in other ways. Contact listing agent for photos of house or reference MLS 20988460

Investor Tools

Property Icon
$800,000
Estimated Property Value
$0Estimated Mortgage Balance
$800,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

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

City: Mineola

259 County Rd 2500 | Property Details | No Agent List