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$755,000

381 W Mccool Rd, Nocona, TX, 76255

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,128 Sq Ft
FarmFarm
price_per_sqft$354.79 / sqft
Year BuiltBuilt in 1997

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
AppliancesDishwasher, Electric Oven, Microwave

Exterior

Lot Size40 acres

Building Information

Year Built1997

Land Information

APNR000010850
Land UseResidential
Legal DescriptionACRES: 40.000 AB 433 LENOW
Census Tract950200
Assessed Land Value$476,600
Assessed Improvement Value$107,510
Assessment Year2025

About this property

Morning light spills across forty acres of pasture and tree-dotted hills, the kind of view that reminds you why wide open spaces still matter. The open sky seems endless, with every sunrise casting new color over the grasslands and every sunset reminding you what peace really looks like. The 2,128-square-foot home sits at the heart of the property, perfectly positioned for panoramic views of your land. The front porch overlooks the landscape — a front-row seat to sunrises, storm clouds, and those sweeping Texas skies. Inside, you’ll find a home made for making memories, where everyone can gather. With four spacious bedrooms and three full bathrooms, there’s plenty of room for family, friends, and guests to feel right at home. A versatile flex space adds even more possibilities — ideal for a home office, hobby room, playroom, or even a fifth bedroom to suit your needs. The living room gathers everyone around a cozy fireplace, perfect for relaxing after a long day, while the den features a wood-burning fireplace that brings a touch of rustic charm and warmth. Beyond the home, the acreage tells its own story. Pastures are already prepped for cattle or horses and features a stock pond. Mature trees offer shade and shelter, and the mix of open field and varied terrain gives the property both beauty and utility. Whether you’re tending livestock, tracing the heartbeat of the land on an ATV, or simply taking in the stillness of evening, this land has a rhythm all its own. It’s a place built to grow with you — a ranch where generations can work the land, raise livestock, and create a legacy that lasts a lifetime. Whether you’re building a future or continuing a tradition, this 40-acre spread offers the space, strength, and serenity to live your story.

Investor Tools

$0Estimated Mortgage Balance
$159,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,530 /month
Positive
Cash Flow Estimate:
$1,510 /month

Interested in this property?

Courtney Rhyne

Parker Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$128/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$742
$121,960
2025
$476,600
$107,510
$584,110
No

Tax History

Year
Tax Paid
Assessed Value
2025
$742
$121,960

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$159,000
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.

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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: Nocona

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381 W Mccool Rd | Property Details | No Agent List