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$399,700

430 N FM 487, Rockdale, TX, 76567

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$284.69 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Free Standing Electric Oven, Microwave, Stainless Steel Appliances
FlooringCarpet, Laminate

Exterior

Exterior FeaturesExterior Steps
Lot Size11.08 acres

Building Information

Year Built1940

Land Information

APNR18162
Land UseAgriculture / Farming
Legal DescriptionA0740 ARNETT, T.S.,11.077 ACRES
Census Tract950700
Assessed Land Value$292,430
Assessed Improvement Value$64,390
Assessment Year2025

About this property

Value is in the land! Discover your slice of Texas tranquility at 430 FM 487, located just outside of Rockdale, Tx. This gorgeous 11.08-acre property features level, naturally landscaped terrain complete with a private pond, a barn with holding pens, a storage shed and fully fenced. The site includes a 1940s 3-bedroom, 1-bath fixer-upper, offering a unique opportunity to renovate a classic or build your custom dream home. Structures need material amount of work. With endless potential for a residential retreat, commercial business, farm or agricultural use. This property is strategically located just 30 minutes from Taylor and an hour from Austin, College Station, and Temple. ***Seller financing available for qualified buyers: 20% down payment, 7.95% interest, 15-year amortization, and a 5-year balloon. Terms subject to seller approval.***

Investor Tools

Property Icon
$356,820
Estimated Property Value
$0Estimated Mortgage Balance
$309,874Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,398 /month
Positive
Cash Flow Estimate:
$799 /month

Interested in this property?

Matthew Shaw

Olivos Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,535
$356,820
2025
$292,430
$64,390
$356,820
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,535
$356,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Novastar Mortgage Inc
Arm (Adjustable Rate Mortgage)
$94,500
No
First
Apr 24, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$46,946
$309,874
86%
13%
$567/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: Rockdale

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430 N FM 487 | Property Details | No Agent List