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$499,750

309 County Road 461, Eastland, TX, 76448

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,814 Sq Ft
price_per_sqft$177.59 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Water Heater, Gas Cooktop, Refrigerator
FlooringCeramic Tile, Combination, See Remarks, Wood, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, RV Hookup, Storage
Lot Size1 acre

Building Information

Year Built1950

Land Information

APN16687
SubdivisionMclennan Csl
Land UseResidential
Legal DescriptionTR 51 MC LENNAN CSL AB 367
Census Tract950202
Assessed Land Value$19,500
Assessed Improvement Value$244,590
Assessment Year2025

About this property

Enjoy peaceful country living on a private 1-acre home-site just minutes from Lake Leon and the Solid Rock Golf Course! This beautifully updated 2814 sf home offers the perfect blend of comfort, space, and functionality on a property designed for work, recreation, and country living. Built in 1990 on one acre, and thoughtfully updated over the years, the home features two spacious living areas, each with cozy wood-burning fireplaces. The impressive 24 by 24 Great Room addition provides the ideal gathering space for family and friends and also has a large built-in safe. The stunning kitchen is the heart of the home with granite counter tops, abundant custom cabinetry, and an over-sized island offering generous seating and workspace. Thoughtful upgrades include appliance lift shelves for heavy appliances. A large dining area makes entertaining easy. With 5 bedrooms and 3 recently updated bathrooms featuring beautiful walk-in tiled showers, there's room for everyone! The current owners have converted the 5th bedroom into an over-sized walk-in pantry, but it can easily serve as a bedroom, office, or flex space! Dual HVAC systems provide year-round comfort, while rooftop solar panels located on the barn--out of sight completely--help reduce utility costs. Step outside to your private backyard retreat featuring an in-ground gunite pool with natural rock diving platform and a fun spiral slide. The property also includes an insulated workshop with a roll-up door, office with a window unit, and abundant storage; a large barn with covered parking plus attached living quarters complete with a mini-kitchen, bath, and bedroom; RV cover with electricity; additional covered parking for vehicles and equipment; chicken coop; garden area; and mature shade trees. Whether you are looking for a hobby farm, room for projects, multi generational living, or simply a peaceful country retreat, this exceptional property offers endless possibilities!

Investor Tools

$214,556Estimated Mortgage Balance
$198,444Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Glenn Copeland

Copeland and Co

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,666
$264,090
2025
$19,500
$244,590
$264,090
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,666
$264,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$251,550
No
First
Feb 1, 2019
Mar 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,556
$198,444
48%
52%
$1,509/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: Eastland

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