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$299,000

3697 An County Road 309 Tract 1, Frankston, TX, 75763

PendingInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size42.48 acres

Land Information

APN12533
SubdivisionJoseph Ferguson
Land UseVacant Land
Legal DescriptionA0023 FERGUSON, JOSEPH BLOCK 5 TRACT 2
Census Tract950100
Assessment Year2025

About this property

Escape to the countryside with this unmatched 42-acre property. Perfectly situated just 1/2 mile from the beautiful Lake Palestine and public boat ramp this land offers a unique blend of open pastures and serene wooded areas, providing a versatile landscape for your dreams to take shape. Easy access to the public boat ramp makes fishing and water activities a breeze. This land has tons of untapped potential from farming, raising livestock, hunting, or just building your dream home. A water well is already on-site for irrigation needs. Just minutes from Frankston this land offers the space and privacy one dreams of while still being just minutes from any daily amenities one may need. Don't let this opportunity to own such a large piece of land close to the lake pass you buy. Schedule your showing today!

Investor Tools

$0Estimated Mortgage Balance
$5,572Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$9/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$85
$5,572
2025
N/A
N/A
$216,019
No

Tax History

Year
Tax Paid
Assessed Value
2025
$85
$5,572

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$5,572
100%
0%
$0/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: Frankston

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3697 An County Road 309 Tract 1 | Property Details | No Agent List