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$525,000

586 Fm 1242, Abbott, TX, 76621

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$250 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Concrete, Laminate, Tile

Exterior

Exterior FeaturesStorage
Lot Size6.23 acres

Building Information

Year Built2015
Garage Spaces3

Land Information

APN352925
Lot Number2
SubdivisionBrookeen Creek Estates
Land UseResidential
Legal DescriptionBROOKEEN CREEK ESTATES LT 2 6.23 AC
Census Tract961100
Assessment Year2025

About this property

Tucked away on over 6 acres in the highly desirable Abbott ISD, this one-of-a-kind property offers the perfect blend of privacy, functionality, & flexibility. A long driveway leads to a custom home featuring 4 bedrooms, 3.5 bathrooms, & an attached shop-garage, all surrounded by mature trees on the back and one on side with a seasonal creek. Inside, you'll find soaring ceilings, a floor-to-ceiling stone fireplace, & an open-concept living, dining, & kitchen area designed for everyday living & entertaining. The kitchen offers extensive custom cabinetry, granite countertops, & ample workspace. The spacious primary suite is located on the main level & includes a beautiful bathroom with dual vanities, a large walk-in shower, & generous closet space. Additional bedrooms, bathrooms, & flex areas provide room for family, guests, hobbies, or a home office. One of the standout features is the massive attached shop with oversized doors, concrete floors, room for your RV, & exceptional storage space. Within the shop is a separate living area that can be finished out complete with a kitchenette, bathroom, sleeping quarters, & multiple flex spaces. Whether you're looking for guest accommodations, multigenerational living, a home-based business setup, hobby space, or future expansion potential, the possibilities are endless. Outside, the acreage is equally impressive. A mix of open lawn, scattered trees, & heavily wooded areas create a private setting rarely found this close to town. The provides ample space for animals, equipment, gardening, or simply enjoying country living. Located convenient to Waco & Hillsboro, this property offers the space & freedom of country living without sacrificing accessibility.

Investor Tools

Property Icon
$525,000
Estimated Property Value
$211,700Estimated Mortgage Balance
$355,073Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Katie Miller

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$397/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,145
$462,438
2025
N/A
N/A
$477,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,145
$462,438

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Colorado
Conventional
$211,700
No
First
Feb 23, 2017
Mar 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,370
$332,630
66%
32%
$1,270/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: Abbott

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