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$459,000

NAL Estimated Property Value

431 County Road 121, Marlin, TX, 76661

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,925 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$350.65 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Oven, Gas Cooktop, Microwave, Tankless Water Heater

Exterior

Exterior FeaturesPrivate Entrance
Lot Size10 acres

Building Information

Garage Spaces2

Land Information

APN48007
Land UseFarm & Ranch Improved - Rural Residence
Legal DescriptionA0006 BASQUEZ GREGORIA 10.0 ACRES
Census Tract000800
Assessed Land Value$168,000
Assessed Improvement Value$214,650
Assessment Year2025

About this property

Rare opportunity to own an immaculate barndominium on a scenic hobby farm surrounded by beautiful rolling countryside. This thoughtfully designed property offers the perfect blend of country living, functionality, and modern comfort. The approximately 12.98 acre property is fully fenced and set up for hobby farming with established pasture, excellent drainage, and fencing already in place. Gently rolling terrain creates stunning views in every direction and provides a peaceful setting. This well-maintained home features 3 bedrooms, 2 bathrooms, an open-concept layout, and exceptional attention to detail throughout. The living area showcases warm finishes, decorative beams, abundant natural light, and a decorative fireplace that creates a welcoming atmosphere. The kitchen offers ample cabinetry, open shelving, generous workspace, and flows seamlessly into the dining and living areas, making it ideal for both everyday living and entertaining. The spacious primary suite includes a large walk-in closet, dual vanities, tub, and separate shower. A tankless water heater provides endless hot water. Designed to take advantage of the panoramic views, the extraordinary covered patio with decorative lighting wraps three sides of the home!- Calling you to enjoy the serenity of the great outdoors with ample room to host friends and family! An impressive 40x40 insulated garage shop with spray foam insulation, concrete floors, 2 overhead doors, dedicated office space with mini-split HVAC, water access, and abundant storage. Whether you need space for a business, workshop, equipment, vehicles, or recreational pursuits, this versatile building delivers exceptional flexibility. The property has been carefully maintained and enhanced, creating a move-in-ready opportunity for buyers seeking a country lifestyle without sacrificing quality or convenience. Bring your animals, equipment, hobbies, and dreams—this exceptional hobby farm is ready for its next chapter.

Investor Tools

Property Icon
$459,000
Estimated Property Value
$0Estimated Mortgage Balance
$459,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$841/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,795
$382,650
2025
$168,000
$214,650
$382,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,795
$382,650

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$459,000
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: Marlin

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431 County Road 121 | Property Details | No Agent List