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$307,000

NAL Estimated Property Value

4163 County Road 1640, Grapeland, TX, 75844

$367,586 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths936 Sq Ft
price_per_sqft$175.75 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Gas Range

Exterior

Lot Size21,780 sqft

Building Information

Year Built2002

Land Information

APN001510050000010000081
SubdivisionS Bennett
Land UseResidential
Legal DescriptionS BENNETT AB 151 .50 AC
Census Tract950102
Assessed Land Value$5,250
Assessed Improvement Value$130,740
Assessment Year2025

About this property

COZY HOME! This nice two-bedroom, one bath brick home is situated on 10 acres and is the perfect starter home. This home offers an open living and kitchen area. The living room has fireplace with a wood-burning insert that works great! The kitchen has good cabinets, gas stove, newer dishwasher, and all the appliances stay. The handy chair height bar area is great for eating or visiting. Both bedrooms have good windows and share a hall bath. The laundry has lots of storage. Outside, the front porch is wonderful for enjoying the pretty setting. The carport is closed on three sides, making it ideal for storage. This property has good pasture land and hay production, some fencing, a nice pond stocked with catfish, fruit trees, and plenty of room for gardening. This home has a metal roof and the central air and heat unit was replaced one year ago. Call us today to schedule a showing of this low maintenance home!

Investor Tools

Property Icon
$307,000
Estimated Property Value
$186,813Estimated Mortgage Balance
$120,187Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$367,586
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$519
$135,990
2025
$5,250
$130,740
$135,990
No

Tax History

Year
Tax Paid
Assessed Value
2025
$519
$135,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$202,300
No
First
Apr 6, 2022
May 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,813
$121,187
39%
61%
$1,213/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: Grapeland

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