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$1,125,000

632 County Road 340a, Milano, TX, 76556

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,388 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$810.52 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesOven, Built-In Electric Oven, Dishwasher, Electric Cooktop, Exhaust Fan, Microwave, Plumbed For Ice Maker, Electric Water Heater, Water Softener Owned
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size76.73 acres

Building Information

Year Built1982
Garage Spaces2

Land Information

APNR20510609
Land UseResidential
Legal DescriptionA3440 SMITH, WILLIAM H.,76.73 ACRES
Census Tract950500
Assessed Land Value$797,990
Assessed Improvement Value$236,170
Assessment Year2025

About this property

Three Sands Ranch offers 76.73 acres in Milano, Texas. With a balanced mix of approximately 50% improved pasture and 50% timber. The property is fenced and cross-fenced, making it well-suited for livestock, recreation, hunting, or a weekend retreat. A 3-bedroom, 2-bath, 1,388-square-foot ranch-style home with an attached two-car carport provides comfortable country living, while existing ranch improvements add function for agricultural use that include, 30x40 shop, multiple animal structures, and a hay barn. Cedar Creek and Buer Branch run through the north side of the property, adding natural character, wildlife habitat, and scenic appeal. With open grazing land, mature timber, water features, and usable ranch infrastructure, Three Sands Ranch is a versatile Milam County property ready for its next owner. The property’s layout offers a practical balance of privacy, accessibility, and productive use, with room to run cattle, enjoy the outdoors, and create a long-term rural retreat.

Investor Tools

$711,722Estimated Mortgage Balance
$323,704Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,750 /month
Positive
Cash Flow Estimate:
$2,250 /month

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Keller Williams Realty Lone St

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,605
$1,034,160
2025
$797,990
$236,170
$1,034,160
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,605
$1,034,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Farm Credit Aca
Open End Mortgage / Open End With Future Advance Clause
$572,224
No
First
Oct 25, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$711,722
$322,438
31%
69%
$4,571/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: Milano

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632 County Road 340a | Property Details | No Agent List