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$390,000

289 County Road 1661, Chico, TX, 76431

PendingInfo
Beds Beds
Baths Bath
Baths2,128 Sq Ft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available

Exterior

Lot Size23.83 acres

Land Information

APNA0870.0029.03
SubdivisionA-870 W Watson
Land UseVacant Land
Legal DescriptionA-870 W WATSON 23.8300 ACRES
Census Tract150404
Assessment Year2025

About this property

Storm Shelter will keep you protected on this land. Looking for improved acreage in a quiet, unrestricted area of Wise County? This 23.83-acre tract in Chico ISD is a rare find with utilities and key infrastructure already in place. The property includes a septic system with 2025 maintenance completed, a water well with new tank and pressure switch, two electric meters, and a 60x30 hay barn. There’s also a cement storm cellar (11x13) and internet tour that expands past the trees. A mobile home is currently on site but holds no value. The true opportunity is in the land: secluded, spacious, just 20 minutes from Decatur, and 8 minutes to Chico yet it feels like the middle of nowhere. Out of city limits with no known zoning, this land is positioned for strong value and future use. Please do not disturb homeowners. Shown by appointment only.

Investor Tools

$0Estimated Mortgage Balance
$386,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,340 /month
Positive
Cash Flow Estimate:
$780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$182/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$251
$33,701
2025
N/A
N/A
$366,081
No

Tax History

Year
Tax Paid
Assessed Value
2024
$251
$33,701

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$33,701
100%
0%
$0/mo

City: Chico

289 County Road 1661 | Property Details | No Agent List