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$395,594

NAL Estimated Property Value

3198 Gunsmoke Drive, Farmersville, TX, 75442

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,848 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.98 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringLaminate

Exterior

Lot Size1 acre

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APNR-8858-000-0540-1
Lot Number54
SubdivisionSilver Creek Estates Phase One
Land UseResidential
Legal DescriptionSILVER CREEK ESTATES PHASE ONE, LOT 54
Census Tract031102
Assessed Land Value$100,000
Assessed Improvement Value$295,594
Assessment Year2025

About this property

This charming single-story home offers a serene country living experience on a spacious full-acre lot. The large lot size allows you to bring along all your recreational vehicles and pets, making it a perfect place for those who enjoy outdoor activities. Features 4 extra large bedrooms, two full bathrooms. Open floor plan with a spacious family room, breakfast nook and good size kitchen with gorgeous granite countertops, and plenty of storage space. You will love all the privacy this home offers located on a quiet cul-de-sac with a huge front yard and backyard. Seller has spent thousands in upgrades featuring a 4 car carport fully covered and storage room attached. Another she shed in the backyard 10x16 insulated with air conditioning. 2 10x20 sheds separated by wall inside, new 4 ton AC with heat pump. A 50 Amp plug is already installed for a portable generator. The builder built this home with solid concrete walls for protection from tornadoes sound proof. No HOA fees.

Investor Tools

Property Icon
$395,594
Estimated Property Value
$324,571Estimated Mortgage Balance
$71,023Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$573/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,900
$395,594
2025
$100,000
$295,594
$395,594
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,900
$395,594

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nuwave Lending Llc
Conventional
$340,000
No
First
Nov 3, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,571
$71,023
17%
82%
$2,039/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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3198 Gunsmoke Drive | Property Details | No Agent List