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Days210Days on Market
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$42,500

404 E Grayson Street, Leonard, TX, 75452

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size6,800 sqft

Land Information

APN137953
Lot Number12
Land UseResidential
Legal DescriptionREECE ADDN, BLOCK 1, LOT 12, ACRES 0.1561
Census Tract950701
Assessed Land Value$43,320
Assessment Year2025

About this property

Prime Corner Lot in Leonard, TX. Property has been cleared and benched, providing a head start for your build. Existing water and sewer tap on-site, minimizing development costs and timelines. Corner location offers flexible layout options and strong visibility. Lot may be purchased together with adjoining property at 400 E Grayson St to create a larger combined parcel or to build a second house. Bring your plans and build in this growing area of Leonard.

Investor Tools

$0Estimated Mortgage Balance
$43,320Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$103/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,020
$43,320
2025
$43,320
N/A
$43,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,020
$43,320

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$43,320
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: Leonard

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404 E Grayson Street | Property Details | No Agent List