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$337,500

NAL Estimated Property Value

2968 County Road 655, Farmersville, TX, 75442

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size9 acres

Land Information

APNR-6448-002-0610-1
Lot Number61
SubdivisionWilliam Hemphill Survey
Land UseVacant Land
Legal DescriptionABS A0448 WILLIAM HEMPHILL SURVEY, SHEET 2, TRACT 61, 9. ACRES
Census Tract031101
Assessed Land Value$337,500
Assessment Year2025

About this property

This is an incredible opportunity to own a slice of paradise! The property is adorned with mature trees, a creek runs on two sides of the property, and provides ample space to construct your dream home. This 9.5-acre parcel of breathtaking Texas land is conveniently situated and near fantastic amenities. It's just a stone's throw away from the delightful historic downtown of Farmersville, boasting its red brick streets and charming shops. Additionally, it's located near the JW Spain Athletic Complex and the Chaparral Trail, a 35-mile premium rural and urban trail that showcases miles of untouched natural beauty. There are no known deed restrictions, meaning mobile homes, RVs, and barndominiums are all welcome! This quickly appreciating location offers effortless access to Hwy 380 and 78, all while providing the tranquility of country living. There is water and electricity to the property.

Investor Tools

Property Icon
$337,500
Estimated Property Value
$10,914Estimated Mortgage Balance
$326,586Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,025 /month
Positive
Cash Flow Estimate:
$675 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,307
$337,500
2025
$337,500
N/A
$337,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,307
$337,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First Bank Of Celeste
Unknown
$18,200
No
First
Dec 8, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$10,914
$326,586
96%
3%
$0/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: Farmersville

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2968 County Road 655 | Property Details | No Agent List