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$270,000

NAL Estimated Property Value

3929 Fm 3028, Mineral Wells, TX, 76067

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.73 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesDisposal
FlooringLaminate

Exterior

Lot Size5.93 acres

Building Information

Year Built1961
Garage Spaces1

Land Information

APN015120000
SubdivisionGeo Green Survey A-205
Land UseResidential
Legal DescriptionAB 205 TR 2 GEO GREEN (FM 3038) G#10205-00-00020-000-00-0
Census Tract000402
Assessed Land Value$169,010
Assessed Improvement Value$65,630
Assessment Year2025

About this property

Charming farmhouse presents a fantastic opportunity for those seeking a fixer-upper with great potential. With one bedroom and one bathroom, this residence offers a cozy living space that can be transformed with a little TLC. One of the standout features of this property is the ample covered parking available. The 76x26ft steel carport and garage provide parking space for up to ten vehicles. The utilities on this property are already set for a second home site, providing opportunities for a new build or additional development. In addition to the storage container, the large insulated well house provides extra storage. The deep 120ft well plus large holding tank provides a reliable water source. Property features approx 3 acres fenced pasture for animals and approx one acre of wooded area, offering privacy from the main road. Don't miss out on this incredible opportunity to buy your farmhouse fixer upper, build your dream home or otherwise develop this acreage. See documents.

Investor Tools

Property Icon
$270,000
Estimated Property Value
$0Estimated Mortgage Balance
$270,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$441/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,937
$234,640
2025
$169,010
$65,630
$234,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,937
$234,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$270,000
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.

Explore Texas Explore This Area
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: Mineral Wells

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3929 Fm 3028 | Property Details | No Agent List