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$1,640

555 FM 2997 Road, Richland Springs, TX, 76871

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,538 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.44 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Refrigerator

Exterior

Lot Size16.07 acres

Land Information

APN11628
Land UseQualified Ag/Timber Land
Legal DescriptionF NOTT ABST 971 SURV 274 16.07 AC
Census Tract950200
Assessment Year2025

About this property

AG EXEMPT!!! Nestled alongside FM 45 just north of Downtown Richland Springs, TX, this little piece of Heaven on Earth, where land is rarely available, is finally on the market. With it's hill top views, this 18 + - acres will feel like home (more land available!!). This little Ranch features TWO homes, the main house is 1,538 sq ft that has been recently remodeled (one bathroom is being finished up now!). This home has an enclosed side patio, for those lazy weekends, nice cool breezes! The 2nd home is, which is absolutely perfect for family to stay, AirBNB or income $$, is a studio with full kitchen and full bathroom AND covered front porch. On city water with a rainwater collection system, 2 Septic Tanks, 3 Storage Large Storage Units, Chicken Coop, Large Backup Generator, Fully Fenced, Private Pond… but wait there’s so much MORE!! Come take a look at this AG EXEMPT property NOW, before it’s GONE!!

Investor Tools

Property Icon
$1,640
Estimated Property Value
$0Estimated Mortgage Balance
$1,640Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,874 /month
Positive
Cash Flow Estimate:
$958 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24
$1,640
2025
N/A
N/A
$208,910
No

Tax History

Year
Tax Paid
Assessed Value
2025
$24
$1,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,640
100%
0%
$0/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: Richland Springs

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555 FM 2997 Road | Property Details | No Agent List