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$485,000

3551 FM-316 N, Eustace, TX, 75124

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,850 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.09 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Outdoor Grill, Outdoor Kitchen, Storage
Lot Size6.44 acres

Building Information

Year Built1993
Garage Spaces2

Land Information

APN016.2635.0000.0080.0000
Lot Number80
Land UseResidential
Legal DescriptionACRES: 6.437 BLK: LOT: 80 ADDN: PURTIS CREEK II REAL PORP
Census Tract951001
Assessed Land Value$219,280
Assessed Improvement Value$265,720
Assessment Year2025

About this property

Charming 2850 square foot home sits on 6.4 tranquil acres just minutes from beautiful Purtis Creek State Park. The scenic drive to and from this place is an absolute treat! This property features a gated entrance, scattered hardwoods, circle driveway, oversized porches, beautiful curb appeal and lush green grass thanks to the well on the Edwards Aquaphor! There are 2 workshops, both have water and electricity and enough covered parking for all the toys! The interior feels cozy despite the large rooms throughout. You couldn't ask for more in the kitchen. There is a window over the sink, granite countertops, plenty of cabinets, stainless appliances and dining areas on each end. Open floorplan allows you to enjoy an easy flow from room to room. Need home office space? You have found a paradise work area because it's all built in and even includes a half bath and storage closet. Grab a fishing pole or a chair when you arrive......once you settle in you will not want to leave!

Investor Tools

Property Icon
$485,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$547/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,141
$485,000
2025
$219,280
$265,720
$485,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,141
$485,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Va
$500,000
Yes
First
Apr 11, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$490,446
N/A
0%
101%
$2,998/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: Eustace

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3551 FM-316 N | Property Details | No Agent List