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$939,900

3703 Fm 39 N, Mexia, TX, 76667

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths1,972 Sq Ft
FarmFarm
price_per_sqft$476.62 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Range, Electric Water Heater
FlooringConcrete

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size53.72 acres

Building Information

Year Built2004

Land Information

APNR15257
Land UseResidential
Legal DescriptionA029S A VARELA-SHILOH, ACRES 53.72
Census Tract970700
Assessment Year2024

About this property

Attention horse or rodeo enthusiasts!!! This fantastic property consists of a site built Home and extensive improvements, including private rodeo arena, on approximately 58 Acres of Land located just South of Mexia, TX on FM 39, with approximately 3,000 feet of frontage on FM 39, and road frontage on 3 sides. The Home was custom built in 2021 and features a metal roof, stone and siding exterior, 1,972 square feet, 4 bedrooms, 3 bathrooms, attractive stone fireplace, vaulted ceilings, open concept kitchen with large island and stainless appliances, large master suite with garden tub and separate shower and walk in closets, covered front and back patio, outdoor kitchen with stainless appliances, and more. The Land includes 3 ponds and improved pastures fenced and cross fenced into several sections with an alley connecting each section for ease of access and moving livestock. The Property also includes a single wide mobile home guest quarters, oversized 2 car carport and storage, small equipment barn, large pole barn, covered dog kennels, horse barn with enclosed stalls and saddle tack room and 1 bed 1 bath guest quarters, and a nice rodeo arena. The rodeo arena includes overhead lighting, loading and unloading docks, covered working pens and shoots, announcer's booth, guest restroom, and gravel parking. All with big potential for the horse or rodeo enthusiast.

Investor Tools

Property Icon
$931,000
Estimated Property Value
$0Estimated Mortgage Balance
$931,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,639 /month
Positive
Cash Flow Estimate:
$1,880 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$889/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,011
$441,300
2024
N/A
N/A
$808,490
No

Tax History

Year
Tax Paid
Assessed Value
2022
$6,011
$441,300

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$931,000
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.

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: Mexia

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