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$540,000

500 Tolar Cemetery Rd, TX, 76476

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,552 Sq Ft
price_per_sqft$347.94 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Vented Exhaust Fan
FlooringLaminate

Exterior

Lot Size2 acres

Building Information

Year Built1945
Stories1
Garage Spaces1

Land Information

APN20501.000.0370.0
SubdivisionR Story - Abst 501
Land UseResidential
Legal DescriptionACRES: 2.000 ABST: R STORY - ABST 501
Census Tract160303
Assessed Land Value$62,000
Assessed Improvement Value$146,670
Assessment Year2025

About this property

Completely updated from top to bottom, this charming three-bedroom, two full bath, modern farmhouse blends cozy country living with high-end finishes. Featuring full insulation, brand new windows, gutters, wood exterior shutters and custom trim with every detail impeccably done. Inside, you’ll love the warm, light pecan-toned luxury laminate flooring, thoughtfully designed decorative touches like decorative lighting, new appliances, stylish shiplap feature walls, and sliding barn doors that add the perfect rustic charm. The spacious open floorplan includes a full laundry mudroom, and generously sized closets throughout. Step outside to 6.25 beautiful acres, fully equipped for horse lovers. The property includes a 40x55 barn with four stalls and 12x20 runs, a tack room, and large runs that open to an open pasture, ideal for riding or turnout. Conveniently located within walking distance to the school and just minutes from town, this property offers the perfect balance of peaceful living and accessibility. This one has the modern updates, country charm, and space to spread out. This property is in the City Limits but is zoned agricultural.

Investor Tools

$164,082Estimated Mortgage Balance
$371,630Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,240 /month
Positive
Cash Flow Estimate:
$1,080 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,497
$208,670
2025
$62,000
$146,670
$208,670
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,497
$208,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$189,000
No
First
Sep 12, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,082
$186,918
53%
31%
$1,134/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.

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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: Tolar

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