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$985,000

5624 E FM 323 Tract 10, Palestine, TX, 75801

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,074 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$474.93 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Tankless Water Heater
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Rain Gutters, See Remarks
Lot Size35.17 acres

Building Information

Year Built1900
Garage Spaces2

Land Information

APN25387
SubdivisionRansom Rucker
Land UseResidential
Legal DescriptionA0665 RUCKER, RANSOM BLOCK 414B TRACT 10
Census Tract951001
Assessment Year2025

About this property

Arrive to the GBH Farm through a solar-powered, code-access gate and follow the tree-lined drive to a beautifully remodeled farmhouse. The property is a turn-key retreat or primary home for people wanting a residential or hobby farm with beautiful views overlooking the park like forests and pastures that this East Texas location is famous for. Situated on 35.17 acres of cultivated and native pasture, woods with wet weather creeks and a nice pond, the land has been meticulously maintained. The 2,047 sq ft home is a lovely 1900's farmhouse that has been thoughtfully restored and updated throughout. It boasts several patios overlooking the swimming pool (built in 2021) and outdoor kitchen (built in 2022), Spectrum high speed fiber internet, and wired for backup generators for both barn and home. The horse barn, stalls and tack room are a short walk away. The immaculately and lovingly maintained property is a mixture of gently sloping open pastureland with beautiful views overlooking the park like forests and trails providing habitat for the abundant wildlife in the area. There are wet weather creeks and draws and a nice, stocked pond. There is a fenced vegetable garden and perimeter fencing as well as cross fencing with net wire. The farm has community water and a north/south seasonal creek running through the woods on the west side of the property. Water is piped to each of the stalls, turnouts and pastures and collected in a variety of troughs. The farm has a variety of trails and a blind to hunt or observe wildlife. Palestine is a growing city with access to restaurants, shopping and activities minutes away.

Investor Tools

Property Icon
$975,000
Estimated Property Value
$0Estimated Mortgage Balance
$719,449Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,910 /month
Positive
Cash Flow Estimate:
$1,970 /month

Interested in this property?

Dana Staples

Staples Sotheby's International Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$557/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,811
$218,428
2025
N/A
N/A
$504,388
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,811
$218,428

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Inc
Stand Alone First / Home Equity First Lien
$295,000
No
First
Sep 6, 2019
Oct 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,551
$719,449
73%
26%
$1,769/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: Palestine

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5624 E FM 323 Tract 10 | Property Details | No Agent List