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Days28Days on Market
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$50,000

605 Norwood Lane, Hearne, TX, 77859

On MarketInfo
Baths0 Bath
Baths1,274 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size11,326 sqft

Land Information

APN000041-001820
Land UseResidential
Legal DescriptionAB 41TR182F RUIZ 1432/600 0.26 ACRES
Census Tract960502
Assessed Land Value$24,480
Assessed Improvement Value$61,791
Assessment Year2025

About this property

Great opportunity on the edge of the growing City of Hearne! This 1.22-acre property is partially located within the city limits and is just one property away from Ruben Gomez Park. Enjoy convenient access to Hearne's golf course, city pool, parks, and other local amenities. The property includes a dilapidated home that is being sold as a tear-down, creating the perfect opportunity for a new build or investment project. With access to city utilities and the rare combination of acreage and an in-town location, you'll have plenty of room for chickens, a garden, workshop, or simply the space to spread out while still enjoying the convenience of town.

Investor Tools

Property Icon
$205,000
Estimated Property Value
$0Estimated Mortgage Balance
$205,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

Interested in this property?

Cody Cunningham

Cunningham Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,185
$86,271
2025
$24,480
$61,791
$86,271
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,185
$86,271

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$205,000
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.

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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: Hearne

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605 Norwood Lane | Property Details | No Agent List