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$239,900

4232 Farm Road 196 N, Paris, TX, 75462

$293,571 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.83 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range, Microwave, Tankless Water Heater

Exterior

Lot Size1.48 acres

Building Information

Year Built1989

Land Information

APN52346
Lot Number16
SubdivisionM Johnson Survey
Land UseAgriculture / Farming
Legal DescriptionA488 M JOHNSON SURVEY, TRACT 16, ACRES 1.48, RT 6 RT 6
Census Tract000302
Assessed Land Value$29,270
Assessed Improvement Value$187,820
Assessment Year2025

About this property

Vintage charm meets thoughtful updates on 1.48 acres in North Lamar ISD! This 3-bedroom, 2-bath home offers 1,728 sq. ft. of comfortable living space with a unique blend of original character and newer construction. Built in 1970 with an addition completed in the 1990s, the home has plenty of personality while offering the extra space buyers are looking for. Inside, you’ll find a remodeled kitchen, updated shower, and spacious walk-in closets. Outside, enjoy a large backyard, great road frontage, new carport, two storage sheds, and a durable metal roof. With room to spread out and updates already in place, this charming property offers country-style space while still feeling like home. 3 Bed 2 Bath 1,728 Sq Ft 1.48 Acres North Lamar ISD

Investor Tools

$126,875Estimated Mortgage Balance
$90,215Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$293,570
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,439 /month
Positive
Cash Flow Estimate:
$480 /month

Interested in this property?

Skylar Woodall

Hygge Homes and Land

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,078
$217,090
2025
$29,270
$187,820
$217,090
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,078
$217,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Federal Community Bank
Arm (Adjustable Rate Mortgage)
$100,570
No
First
Mar 28, 2018
Apr 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,875
$90,215
41%
58%
$869/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: Paris

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4232 Farm Road 196 N | Property Details | No Agent List