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$375,000

NAL Estimated Property Value

381 Bynum Rd, Bowie, TX, 76230

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,416 Sq Ft
price_per_sqft$264.48 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesNone
FlooringVinyl, Wood

Exterior

Lot Size36,155 sqft

Building Information

Year Built1951
Garage Spaces2

Land Information

APNR000013725
Land UseResidential
Legal DescriptionACRES: 0.830 AB 804 BLK 3420 TE&L CO 160X225
Census Tract950501
Assessed Land Value$15,690
Assessed Improvement Value$109,640
Assessment Year2025

About this property

Seller Motivated!! Charming Country Retreat on 13 Acres with Endless Possibilities! Discover the perfect blend of country living and modern convenience with this charming 3-bedroom, 2-bath home situated on 13 picturesque acres just outside the city limits. This cozy residence features numerous improvements, including updated electrical and plumbing systems, fresh interior paint, newer windows, a durable metal roof, and an inviting wood-burning fireplace. Original hardwood floors add warmth and character throughout the home. The versatile basement offers abundant space for storage or hobby area. A convenient breezeway connects the home to the oversized 2-car garage, complete with a brand-new garage door opener featuring smartphone app access and a built-in camera. The property is serviced by city water and Wise Electric Cooperative, while an additional water well provides a valuable resource for livestock, gardening, and outdoor watering needs. Outside, you'll find a 12x16 storage shed and a separate 2-acre tract already equipped with water and electricity, offering incredible potential for a second residence, rental property, guest quarters, or future investment opportunity. Nature lovers will appreciate the peaceful setting, colorful wildflowers, abundant birdlife, and serene country views. The fenced 10-acre Coastal Bermuda pasture is ideal for hay production, horses, cattle, or other agricultural pursuits. Whether you're looking for a homestead, hobby farm, investment property, or simply a quiet place to enjoy the beauty of the countryside, this unique property offers unlimited potential and opportunities. Don't miss your chance to own this exceptional piece of Texas country living!

Investor Tools

Property Icon
$375,000
Estimated Property Value
$322,146Estimated Mortgage Balance
$53,327Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$173
$125,330
2025
$15,690
$109,640
$125,330
No

Tax History

Year
Tax Paid
Assessed Value
2025
$173
$125,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Fha
$324,022
Yes
First
Mar 16, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$322,146
N/A
0%
86%
$1,943/mo

Learn About the Market: Opportunity in Texas

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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: Bowie

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381 Bynum Rd | Property Details | No Agent List