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$189,900

5285 Fm 279, Ben Wheeler, TX, 75754

$235,059 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,050 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$92.63 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Refrigerator
FlooringHardwood, Wood, Other

Exterior

Exterior FeaturesBalcony, Lighting
Lot Size1.58 acres

Building Information

Year Built1998
Garage Spaces2

Land Information

APN066.0586.0030.0000.0000
Land UseResidential
Legal DescriptionACRES: 1.580 ABST: 586 SUR: C S MORRISON
Census Tract950901
Assessed Land Value$98,930
Assessed Improvement Value$164,490
Assessment Year2025

About this property

This gorgeous country home & 2 outbuildings sit in the midst of some of the most bucolic & picturesque landscape that north Texas has to offer. The sandy loam soil can grow anything, from watermelons to blueberries to azaleas. The building materials that the home is made out of could not be more authentic to the area; it's like someone shrunk down an event venue from the hill country and turned it into a home worthy of a Netflix show about this beautiful part of the country. The living room is vast & yet warm; the bookend wood grain throughout coupled with the wood burning stove that heats the entire home surprisingly quickly makes for a lovely and quaint setting to curl up with the family & read a book or play board games while the cicadas, owls, & quail chirp excitedly just on the other side of the durable metal roof & true dimensional wood cladding. With one bedroom & sprawling bathroom downstairs & the other two bedrooms & bathroom upstairs, the home is laid out perfectly to host.

Investor Tools

Property Icon
$404,000
Estimated Property Value
$180,730Estimated Mortgage Balance
$223,530Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$235,059
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,424 /month
Positive
Cash Flow Estimate:
$808 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$259/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,085
$263,420
2025
$98,930
$164,490
$263,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,085
$263,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Fha
$180,730
Yes
First
Apr 8, 2026
May 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,470
$223,530
55%
45%
$1,084/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: Ben Wheeler

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5285 Fm 279 | Property Details | No Agent List