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$228,000

NAL Estimated Property Value

3048 State Highway 78 S, Farmersville, TX, 75442

$296,400 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,790 Sq Ft
price_per_sqft$164.8 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesOther
FlooringOther

Exterior

Lot Size21,780 sqft

Building Information

Year Built1956
Stories1

Land Information

APNR-6739-002-0680-1
Lot Number68
SubdivisionE B Reed Survey
Land UseResidential
Legal DescriptionABS A0739 E B REED SURVEY, SHEET 2, TRACT 68, .5 ACRES
Census Tract031102
Assessed Land Value$90,000
Assessed Improvement Value$5,796
Assessment Year2025

About this property

COMMERCIAL OPPORTUNITY! This property is currently being used residential, but the value is in the land for future commercial use. The upcoming subdivision, Lake Haven, boasts 1800 new homes to be built and available starting in 2023. This property will be directly on the right hand side as future cars exit this subdivision onto Hwy 78. Perfect place for a future gas station, fast food, or daycare for residents leaving this large subdivision to go to work. The house needs extensive repairs and provides little to no value to the property. This area is rapidly growing, and this is a perfect opportunity to grab onto a future Hot Spot! Property is being sold AS IS. See the City of Farmersville City Council Agenda Minutes for more details about this upcoming subdivision.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$0Estimated Mortgage Balance
$228,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$296,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,287
$95,796
2025
$90,000
$5,796
$95,796
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,287
$95,796

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$228,000
100%
0%
$0/mo

City: Farmersville

3048 State Highway 78 S | Property Details | No Agent List