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$617,613

NAL Estimated Property Value

380 Heritage Creek Dr, Rhome, TX, 76078

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,270 Sq Ft
FarmFarm
price_per_sqft$572.69 / sqft
Year BuiltBuilt in 1992

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Double Oven
FlooringCeramic Tile

Exterior

Lot Size2.52 acres

Building Information

Year Built2010
Roof Type158
Garage Spaces2

Land Information

APNR1064.0900.01
Lot Number9
SubdivisionHeritage Creek Estates Ph 1
Land UseResidential
Legal DescriptionLOT PT 9 HERITAGE CREEK ESTATES PH 1
Census Tract150103
Assessed Land Value$60,782
Assessed Improvement Value$556,831
Assessment Year2025

About this property

OWNER FINANCING OPTION! Sellers are offering Owner financing with 100K down at 5.5% interest for 30 years!! Complete horse training facility on 23.5 acres just minutes from Decatur and NRS. Currently set up for a cutting trainer, but this ranch has the potential and versatility to transform to what you need! It has been meticulously maintained and recent updates on the house include a new roof, HVAC and updated bathrooms. This ranch offers so much including a 6 stall show barn, 8 more covered stalls, 7 oversized runs with shelters, a free flow walker, an indoor arena (100'x100') with viewing stand and an outdoor lighted roping arena (135'x190'). The main house consists of 4 bedrooms and 2 baths with an office and a bonus room. An additional 3 bedroom 2 bath mobile home is perfect for employee housing, guest quarters or rental. This property has its own private access to a community lake that has a picnic area and a boat ramp.

Investor Tools

Property Icon
$617,613
Estimated Property Value
$88,424Estimated Mortgage Balance
$529,189Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$783/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,309
$617,613
2025
$60,782
$556,831
$617,613
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,309
$617,613

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$137,000
No
First
May 13, 2011
Jun 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,424
$529,189
85%
14%
$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: Rhome

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380 Heritage Creek Dr | Property Details | No Agent List