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Days695Days on Market
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$595,000

3111 Fm 2737, Lone Oak, TX, 75453

$697,329 ARVInfo
On MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,176 Sq Ft
FarmFarm
price_per_sqft$273.44 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
AppliancesElectric Cooktop
FlooringCarpet

Exterior

Lot Size29.92 acres

Building Information

Year Built1996

Land Information

APN30063
Land UseResidential
Legal DescriptionA0207 SMITH F L TRACT 1 & 2 ACRES 29.92
Census Tract950200
Assessed Land Value$305,468
Assessed Improvement Value$70,272
Assessment Year2025

About this property

Experience the best of country living on this beautiful 29-acre, agriculture-exempt horse farm offering both functionality and natural beauty. The beautifully remodeled 5-bedroom, 2-bath mobile home provides comfortable modern living with breathtaking panoramic views of the surrounding countryside. Designed with equestrian enthusiasts in mind, the property features a workshop, ample pastureland, two stocked ponds, and 20 mature pecan trees that add both character and value to the landscape. Abundant wildlife makes this property an excellent opportunity for deer hunting, while the versatile acreage is ideal for horses, livestock, recreation, or future agricultural endeavors. Whether you're seeking a working horse operation, a private rural retreat, or a multi-purpose ranch property, this exceptional offering combines scenic beauty, practicality, and endless possibilities in one remarkable package.

Investor Tools

Property Icon
$502,000
Estimated Property Value
$396,000Estimated Mortgage Balance
$119,001Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$697,328
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

Interested in this property?

Christie Scroggins

Landmark Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,427
$375,740
2025
$305,468
$70,272
$375,740
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,427
$375,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial Bank Of Texas Na
Conventional
$396,000
No
First
Sep 10, 2024
Oct 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$384,221
$132,779
25%
77%
$2,375/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: Lone Oak

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3111 Fm 2737 | Property Details | No Agent List