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$749,000

392 Bear Branch Rd, Purmela, TX, 76566

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,205 Sq Ft
FarmFarm
price_per_sqft$339.68 / sqft
Year BuiltBuilt in 2014

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringConcrete

Exterior

Exterior FeaturesStorage
Lot Size5 acres

Building Information

Year Built2014
Garage Spaces2

Land Information

APN0-74-76-0501
SubdivisionR E Lovejoy
Land UseResidential
Legal Description1727 R E LOVEJOY, ACRES 5.0
Census Tract010102
Assessed Land Value$45,830
Assessed Improvement Value$410,100
Assessment Year2025

About this property

26.691 Acres, 4BR, 2.5BA Rock Home, Purmela, TX If you're looking for a comfortable country home with acreage and room for livestock, take a look at this 26.691-acre property located at 392 Bear Branch Rd near Purmela, TX. The property features a spacious 4-bedroom, 2.5-bath rock home surrounded by rolling terrain, good tree cover, and plenty of room to enjoy country living. The home offers a warm, practical layout with stained concrete floors, granite countertops, farmhouse kitchen sink, wood-burning fireplace, and a sewing room. Enjoy your morning coffee from the covered front porch or spend the evenings relaxing and entertaining on the covered back porch. A 2-car-attached carport with storage provides additional convenience. The acreage is cross-fenced and includes approximately 4 acres of Coastal Bermuda grass, giving you a good setup for horses, cattle, sheep, goats, or other livestock. The rolling terrain and mature tree cover provide shade, privacy, and an attractive Central Texas setting. A 14' x 32' portable building offers additional storage or workspace, with a covered concrete slab beside the building for even more usable space. The property is served by a water meter, Hamilton County Electric, and Nextlink internet service and is located in Evant ISD. One of the property's biggest advantages is its convenient location. You're approximately 20 minutes from Gatesville, 30 minutes from Hamilton, Lampasas, and Goldthwaite, and about an hour from Waco, Temple, Killeen-Copperas Cove, Brownwood, and Stephenville. With a solid rock home, usable acreage, Coastal field, cross fencing, good tree cover, and a convenient location, this property is ready for someone looking to move to the country, raise a few animals, and enjoy the space and privacy of rural Central Texas living.

Investor Tools

$196,596Estimated Mortgage Balance
$411,404Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,494 /month
Positive
Cash Flow Estimate:
$1,498 /month

Interested in this property?

Calvin Burks

BURKS REAL ESTATE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$474/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,646
$455,930
2025
$45,830
$410,100
$455,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,646
$455,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union State Bank
Conventional
$271,200
No
First
Apr 30, 2014
May 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,596
$411,404
67%
32%
$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: Purmela

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392 Bear Branch Rd | Property Details | No Agent List