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$335,000

NAL Estimated Property Value

4048 Fm 981, Leonard, TX, 75452

Off MarketInfo
Baths1,568 Sq Ft
RanchRanch
Year BuiltBuilt in 1988

Exterior

Lot Size10.68 acres

Building Information

Year Built1988

Land Information

APN84437
Land UseResidential
Legal DescriptionA1106 S M SMITH, ACRES 10.68
Census Tract950701
Assessed Land Value$320,400
Assessed Improvement Value$6,930
Assessment Year2025

About this property

Conveniently located, gorgeous 10.7-acre tract features true country living with easy access to big city amenities. Great frontage (FM 981), utilities onsite and outside of the city limits with no known restrictions, makes it the perfect, well positioned site for your beautiful future homesite or development opportunity. Property is lined by trees on 1 side, and fenced along two other sides. Amazing proximity with 1 mile to Hwy 78, 8 miles to Hwy 121, 30 minutes to McKinney. The existing home is being sold “AS IS”. The value is in the land, location and available road frontage that may allow for future subdividing.

Investor Tools

Property Icon
$335,000
Estimated Property Value
$0Estimated Mortgage Balance
$335,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$435/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,545
$327,330
2025
$320,400
$6,930
$327,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,545
$327,330

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$335,000
100%
0%
$0/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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4048 Fm 981 | Property Details | No Agent List