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$3,460,000

3006 Fm 309, Hillsboro, TX, 76645

On MarketInfo
Baths0 Bath
Baths1,248 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size7.56 acres

Land Information

APN453667
Land UseFarm & Ranch Mobile Home
Legal DescriptionF M WEATHEREAD A-931 TR 50-2 7.56 AC
Census Tract960200
Assessed Land Value$150,440
Assessed Improvement Value$124,310
Assessment Year2025

About this property

Looking for the perfect development or investment opportunity nearby the growing city of Hillsboro, TX this 173± acre tract contains extensive frontage on FM 309, is free of any floodplain, and is ag-exempt with a current lease in place. Approximately 10 miles from downtown Hillsboro allowing you to be just outside city limits but still providing access to abundant amenities such as, shopping, dinning, etc. The various types of terrain allow for you to make this property your own. Property wraps around home with one acre not to be included as a part of this parcel for sale.

Investor Tools

$112,742Estimated Mortgage Balance
$173,258Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$20,760 /month
Positive
Cash Flow Estimate:
$6,920 /month

Interested in this property?

Jessica Dansby

SRC Local Markets, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,587
$274,750
2025
$150,440
$124,310
$274,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,587
$274,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
21st Mortgage Corp
Non-Purchase Money Mortgage / Home Equity
$116,756
No
First
Jun 18, 2024
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,742
$173,258
60%
39%
$701/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: Hillsboro

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