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$183,000

NAL Estimated Property Value

609 N Hovey Street, Chico, TX, 76431

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths760 Sq Ft
FarmFarm
price_per_sqft$460.53 / sqft
Year BuiltBuilt in 2016

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringConcrete

Exterior

Exterior FeaturesAwning(s), Storage
Lot Size1.54 acres

Land Information

APNA1424.9004.02
SubdivisionA-1424 Gw Cash
Land UseFarm/Ranch Single Family
Legal DescriptionA-1424 GW CASH 1.54 ACRES, UNDIVIDED INTEREST 50.0000000000%
Census Tract150404
Assessed Land Value$34,335
Assessed Improvement Value$104,209
Assessment Year2025

About this property

This stunning property offers 11.62 acres of prime land, featuring highway 101 frontage and an additional entrance on Hovey St. Currently ag exempt, this property boasts a well-maintained 1 bedroom, 1 bath barndominium with a front porch providing great views of the surrounding area. This expansive parcel invites you to bring your vision to life, whether you dream of a peaceful residence, a thriving business venture, or a versatile recreational haven. The original house on the property presents a unique opportunity with endless possibilities to be finished out. Additionally, there is an expansive three-sided large shop on the premises, ideal for storing equipment or pursuing various hobbies. The property includes a covered area for entertaining, covered parking, and a well house. With mature trees dotting the landscape and multiple build site possibilities, this property offers endless potential.

Investor Tools

Property Icon
$183,000
Estimated Property Value
$0Estimated Mortgage Balance
$183,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$76/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$138,544
2025
$34,335
$104,209
$138,544
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$138,544

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$183,000
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: Chico

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609 N Hovey Street | Property Details | No Agent List