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$747,000

NAL Estimated Property Value

638 Cemetery Rd, Decatur, TX, 76234

$756,116 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,871 Sq Ft
price_per_sqft$182.86 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Disposal
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size5.52 acres

Building Information

Year Built2008
Roof Type158
Garage Spaces3

Land Information

APNR0440.0103.00
Lot Number3
SubdivisionCreek View Addition
Land UseResidential
Legal DescriptionLOT 3 BLK 1 CREEK VIEW ADDITION
Census Tract150202
Assessed Land Value$215,580
Assessed Improvement Value$419,738
Assessment Year2025

About this property

Multiple offers, Highest and Best due Tuesday 21 by 5pm. This open concept custom home boasts over five and half gorgeous acres. The backyard feels like a heavily wooded state park - take a nap, read a book lying in the hammock under the shade trees, take a walk in the woods, enjoy the creek, sit on the back patio, and live the country life! With four bedrooms and two full baths, a formal dining room, and breakfast nook, the master suite hosts an oversized closet. Also includes a 672 square ft guest house - one-bedroom, full-bath, full-kitchen and living room, that is wheel chair accessible, perfect for extended family and friends to come visit or stay. Carport for RV Boat storage. If you are dreaming of owning land this is a must see!

Investor Tools

Property Icon
$747,000
Estimated Property Value
$383,285Estimated Mortgage Balance
$363,715Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$756,115
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,482 /month
Positive
Cash Flow Estimate:
$1,494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$844/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,389
$635,318
2025
$215,580
$419,738
$635,318
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,389
$635,318

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$412,800
No
First
Jul 19, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$383,285
$363,715
48%
51%
$2,475/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: Decatur

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