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$695,000

3843 FM 2199, Marshall, TX, 75672

$895,000 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,131 Sq Ft
FarmFarm
price_per_sqft$221.97 / sqft
Year BuiltBuilt in 1973

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Electric Range
FlooringHardwood

Exterior

Exterior FeaturesFire Pit, Storage
Lot Size65.45 acres

Building Information

Year Built1973
Stories1
Garage Spaces3

Land Information

APN00744.00160.00000.000000
SubdivisionLucinda Wallace Survey A-744
Land UseResidential
Legal DescriptionACRES: 65.450 ABST: 744 L WALLACE HSE
Census Tract020103
Assessed Land Value$221,800
Assessed Improvement Value$274,220
Assessment Year2025

About this property

Beautiful 15-Acre Horse Property with Endless Possibilities! This 3 bedroom, 3 bath country ranch home with 3131 sq ft and 15.773 acres is located for sale in Marshall, TX, just 2 miles south of I-20 on FM 2199. It is conveniently located to Marshall, Shreveport and Longview. This home has been well cared for by the same family since 1973. There is natural gas and electric to the home. The kitchen has instant hot water and an induction cooktop. There are hardwood floors throughout the home. There is a sunken den with a large wood burning fireplace. The office is well positioned so you can enjoy the beautiful view of the pasture and pond. In the summer time you can enjoy the in-ground swimming pool and large patio. This is a great area to enjoy outdoor cookouts and entertain family and friends. This Harrison County property comes with a 2 car attached side entry garage, 9x16 workshop, 12x15 storage building, 45x48 barn, shop, tack room, Multi-purpose room and plumbed with a toilet. There is a 12' over hang covering the outside of the horse stables. There is additionally a 24x60 equipment shed for farm implements, a chicken coop and garden area. This property has it all! There is a fully stocked bass and crappie pond for your livestock and fishing needs. The property can be used for horses, cattle, goats or hay. There is a pipe fenced holding pen for livestock or for working your horses. Geese like to frequently visit the pond. There are deer that like to come to the feeder in the back yard. You're going to have a hard time finding a better laid out piece of property for multiple uses. This is an Equestrian Dream Property with Room to Roam.

Investor Tools

$247,445Estimated Mortgage Balance
$248,575Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$895,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,170 /month
Positive
Cash Flow Estimate:
$1,390 /month

Interested in this property?

Jay Terry

United Country H5 Auction & Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$283/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$917
$496,020
2025
$221,800
$274,220
$496,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$917
$496,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Open End Mortgage / Open End With Future Advance Clause
$35,000
No
First
Jan 30, 2014
Feb 2015

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,445
$248,575
50%
50%
$1,619/mo

City: Marshall

3843 FM 2199 | Property Details | No Agent List