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$500,000

NAL Estimated Property Value

6243 State Highway 276, Point, TX, 75472

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,825 Sq Ft
price_per_sqft$132.03 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 3Bathrooms Half 3
AppliancesDishwasher, Electric Range
FlooringCarpet

Exterior

Lot Size20 acres

Building Information

Year Built1980

Land Information

APN33023
Land UseResidential
Legal DescriptionA0093 GAGE BENJAMIN ACRES 20.0
Census Tract950200
Assessed Land Value$227,998
Assessed Improvement Value$259,604
Assessment Year2025

About this property

Home on 20 fenced acres is ready for it's new ranch owner! The house has solid bones and classic character, ready for cosmetic updates to suit your vision. Outside, the property truly shines with multiple barns, shops, established horse runs, and run-in shelters—ideal for equestrian use, livestock, or hobby farming. Cross fenced pastures, a pond, a long private owned road back to the property through pastures and across your own bridge....Expansive open land provides privacy, room to roam, and endless possibilities for recreation or expansion. Whether you’re seeking a working farm, a peaceful country escape, or a property to customize over time, this one delivers space, function, and potential in equal measure. This place has so much potential, it was an estate and is ready to be sold at this amazing price now for a fast sale. Build sweat equity on this vs paying the highest price for something else turn key that someone else will make bank on. The opportunity is here!!! Contact your favorite agent today to set up a tour.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$438,388Estimated Mortgage Balance
$61,612Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,030 /month
Positive
Cash Flow Estimate:
$1,010 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$331/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,471
$487,602
2025
$227,998
$259,604
$487,602
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,471
$487,602

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Home Equity Solutions Inc
Reverse Mortgage / Hecm
$577,500
No
First
Sep 21, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$438,388
$61,612
12%
88%
$2,626/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: Point

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6243 State Highway 276 | Property Details | No Agent List