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$1,299,900

492 County Road 4387, Decatur, TX, 76234

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,097 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$419.73 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCeramic Tile, Concrete, Wood, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, RV Hookup
Lot Size2.41 acres

Building Information

Year Built2007
Roof Type158
Garage Spaces3

Land Information

APNR0759.0102.00
Lot Number2
SubdivisionFlatbush Estates
Land UseResidential
Legal DescriptionLOT 2 BLK 1 FLATBUSH ESTATES
Census Tract150104
Assessed Land Value$133,209
Assessed Improvement Value$660,974
Assessment Year2025

About this property

Luxury Texas aviation estate with private aircraft hangar and direct runway access, offering the ultimate fly-in lifestyle on 2.41 acres in Decatur. Located within an exclusive residential airpark community, this property allows aviation enthusiasts to keep their airplane at home and fly directly from their backyard via the community’s 2,300-foot lighted grass runway shared by only 12 property owners. This custom home offers 3,087 square feet of well designed living space with an open floorplan filled with natural light. The spacious living room features vaulted ceilings, custom built-ins, and a striking fireplace, flowing into the dining area and beautifully appointed kitchen with custom cabinetry, oversized island with Ukrainian granite, dual sinks, stainless steel appliances, large walk-in pantry, and reverse osmosis filtration system. The private primary suite features patio access, tray ceiling, and a spa-inspired bath with dual vanities, jetted tub, separate shower, and heated travertine flooring. Two additional bedrooms and bath are downstairs, while the oversized upstairs fourth bedroom includes historic wood flooring, built-ins, and ensuite bath. A mud area and oversized utility room with sink and cabinetry add functionality. Outdoor living includes a covered patio with expansive views, outdoor kitchen, stone fireplace, and a resort-style pool and spa completed in 2024. Recent updates include paint, countertops, trim, lighting, new well pump, water filtration system, new HVAC systems within the past 24 months, cell booster, and WiFi relay throughout the property. The fully insulated all-steel hangar boasts approximately 55’ x 52’, a 39’ wide by 13’ tall rolling aircraft door, epoxy flooring, full bath, climate-controlled tool room, office or man cave space, RV access door, 50-amp RV outlet, RV sewer dump, and direct taxi access to the runway. Rare opportunity for luxury living and private aviation convenience in one extraordinary Texas airpark property.

Investor Tools

$480,468Estimated Mortgage Balance
$807,317Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,799 /month
Positive
Cash Flow Estimate:
$2,600 /month

Interested in this property?

Wynne Moore

Allie Beth Allman & Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,489/month
$270/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,435
$794,183
2025
$133,209
$660,974
$794,183
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,435
$794,183

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Credit Line (Revolving) / Heloc
$500,000
No
First
Mar 27, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$480,468
$346,532
41%
37%
$2,998/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: Decatur

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492 County Road 4387 | Property Details | No Agent List