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$281,795

615 Fm 640 Rd, Wharton, TX, 77488

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,664 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.21 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringLaminate

Exterior

Lot Size6 acres

Building Information

Year Built1955

Land Information

APN27767
Land UseResidential
Legal DescriptionA20003 ABST.3 TRACT 82-7A,82-7A-1
Census Tract740100
Assessed Land Value$200,400
Assessed Improvement Value$174,648
Assessment Year2025

About this property

Newly remodeled home with custom design touches on 6 acres with stables and lit training arena! Whether you are a horse lover or not, this home will bring you peace and quiet. New roof, water heater and all new finishes!! Master Suite has sitting or office area with gorgeous two-sink vanity a oversized closet. Bathe in gorgeous shower while overlooking the spacious backyard with new deck. Plenty of room to relax, yet not to far from amenities.

Investor Tools

Property Icon
$281,795
Estimated Property Value
$274,829Estimated Mortgage Balance
$0Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,691 /month
Positive
Cash Flow Estimate:
$564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,002
$281,795
2025
$200,400
$174,648
$375,048
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,002
$281,795

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$274,829
Yes
First
Mar 19, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,573
N/A
0%
100%
$1,872/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: Wharton

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615 Fm 640 Rd | Property Details | No Agent List