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$762,000

NAL Estimated Property Value

615 College Farm Rd, Stephenville, TX, 76401

Off MarketInfo
Baths0 Bath
Baths2,658 Sq Ft
Year BuiltBuilt in 1962

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size8.23 acres

Building Information

Year Built1962

Land Information

APNR000029924
Lot Number2B
SubdivisionCity Addition
Land UseResidential
Legal DescriptionS2600 CITY ADDITION;, BLOCK 87;, LOT 2B; & HOUSE
Census Tract950501
Assessment Year2025

About this property

Not often do you find over 8 acres of land within the Stephenville City Limits! Well here it is! Located on College Farm Road and just off of Lingleville Hwy and the downtown area. This 8+ acre tract of land is primed and ready for its next owner! The City of Stephenville is on fire with so many different projects happening all across the town! This land offers so many opportunities, and according to the city there are certainly some rezoning opportunities! If you are looking for a place to develop at a cost below much of the other available acreage within the town, then come take a look and see what this location can do for you! The home is being sold with the land, as is and no value is being placed on the home due to the nature of the potential future use of the property!

Investor Tools

Property Icon
$762,000
Estimated Property Value
$324,706Estimated Mortgage Balance
$437,294Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$670
2025
N/A
N/A
$180,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$356,250
No
First
Sep 24, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,706
$437,294
57%
43%
$2,136/mo

Learn About the Market: Opportunity in Texas

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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: Stephenville

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615 College Farm Rd | Property Details | No Agent List