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$565,000

37048 Richard Frey Rd, Hempstead, TX, 77445

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,238 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$363.49 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available

Exterior

Lot Size15 acres

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APN304100-345-000-200
SubdivisionA-41 Justo Liendo
Land UseResidential
Legal DescriptionABS A304100 A-41 JUSTO LIENDO TRACT 345 ACRES 15.0
Census Tract680501
Assessed Land Value$35,890
Assessed Improvement Value$320,580
Assessment Year2025

About this property

Looking for a secluded location in a rapidly expanding area where you can enjoy the privacy of country living while still having easily accessible connections to SH 6 for convenient travel to North Texas destinations and US 290 to Austin or Houston, then this property is for you. The three-bedroom, one-bath brick home is set on 11+/- unrestricted acres of native pasture and surrounded by beautiful mature trees, honeysuckle, and other vegetation. As you enter the property, you will be greeted by a magnificent tree-lined driveway and immersed into a serene atmosphere that will make the cares of the world go away. The neutral-toned interior features an open floor plan with kitchen, dining and living areas ready and waiting for you to make yourself at home and begin to experience the wonders of nature in this unique setting. Schedule your showing today. There will be light restriction on this property including No Mobile Homes.

Investor Tools

Property Icon
$565,000
Estimated Property Value
$790,500Estimated Mortgage Balance
$0Estimated Equity
-40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$595/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,311
$356,470
2025
$35,890
$320,580
$834,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,311
$356,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jacquclyn Marie Hopkins Craver
Building Or Construction Loan
$790,500
No
First
Mar 28, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$744,441
N/A
0%
132%
$4,740/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: Hempstead

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37048 Richard Frey Rd | Property Details | No Agent List