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$499,000

393 County Road 4875, Leonard, TX, 75423

Off MarketInfo
Baths6,344 Sq Ft
RanchRanch
Year BuiltBuilt in 2021

Exterior

Exterior FeaturesAwning(s), Lighting, Private Entrance, Private Yard, RV Hookup
Lot Size14.13 acres

Building Information

Year Built2021

Land Information

APN127314
Land UseAgriculture / Farming
Legal DescriptionA0511 J HARRELL, ACRES 14.127
Census Tract950701
Assessed Land Value$423,810
Assessed Improvement Value$70,070
Assessment Year2025

About this property

This property can make country living, ranching, or recreational fun easy! This 14+ acres is currently ag exempt with pipe fencing, cross fenced, gated, with a tank making it livestock ready. 5,000 sq ft Barndominium frame, check out those porch overhangs! You will want to see the sunset views and stars from this Fannin County land. Existing septic, electricity, water and propane make a streamline process to building. With RV hookups ready, live in your RV while finishing out the barndo. All the preliminary work is done here, sellers have made a significant investment to this land. Beautiful country setting and views, in Leonard ISD. Super convenient, minutes to Hwy 69 and Downtown Leonard for shopping and restaurants. Schedule your tour today!

Investor Tools

Property Icon
$493,880
Estimated Property Value
$0Estimated Mortgage Balance
$109,026Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,159
$493,880
2025
$423,810
$70,070
$493,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,159
$493,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Purchase Money Mortgage
$399,200
No
First
May 24, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$384,854
$109,026
22%
78%
$2,394/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: Leonard

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393 County Road 4875 | Property Details | No Agent List