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$585,000

$599,000

503 Oak Knoll Lane, Elm Mott, TX, 76640

$760,500 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,544 Sq Ft
FarmFarm
price_per_sqft$229.95 / sqft
Year BuiltBuilt in 1972

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Refrigerator, Washer
FlooringCombination

Exterior

Exterior FeaturesAwning(s), Balcony
Lot Size5.02 acres

Building Information

Year Built1972
Stories2
Roof Type105
Garage Spaces5

Land Information

APN280565000002048
SubdivisionHensley J
Land UseAgriculture / Farming
Legal DescriptionHENSLEY J TRACT 2C1 ACRES 5.02
Census Tract003401
Assessed Land Value$48,850
Assessed Improvement Value$330,774
Assessment Year2025

About this property

Tucked beyond the noise of everyday life and set on 5 quiet acres, Oak Knoll Lane offers space, flexibility, and a lifestyle that feels both grounded and effortless. Step inside to a refreshed interior with new carpet throughout and warm hardwood flooring in the entry, kitchen, and hallway. The home flows naturally with an open, comfortable layout that feels light, functional, and easy to live in. The kitchen has been thoughtfully updated with a clean, elevated feel and opens into the main living space, creating a natural gathering point for daily living and entertaining. With 3 bedrooms and 3 full baths, including two primary suites, the layout provides rare flexibility for multi generational living, guests, or evolving needs. Two separate living areas offer room to spread out, whether you are hosting, working from home, or simply enjoying a quiet space to unwind. Outside, the property truly opens up. Five acres back to conservation land, offering added privacy and a protected view. The land is equipped for both function and lifestyle with a shop, cinder block structure ideal for an office or studio, a shed, 4 post lean to for equipment, and an animal barn. Serviced by a community well with an in home filtration system, the property balances rural living with everyday convenience. If you have been looking for space, versatility, and a setting that allows you to live a little wider, Oak Knoll Lane delivers.

Investor Tools

$397,649Estimated Mortgage Balance
$195,351Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$760,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,558 /month
Positive
Cash Flow Estimate:
$1,186 /month

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Closing Stage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$683/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,231
$379,624
2025
$48,850
$330,774
$379,624
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,231
$379,624

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$427,500
No
First
Sep 27, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$397,649
$195,351
32%
67%
$2,564/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$2,564/mo
$-1,210/mo
2.7%

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: Elm Mott

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503 Oak Knoll Lane | Property Details | No Agent List