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$424,000

NAL Estimated Property Value

6405 County Road 342, Milano, TX, 76556

$481,478 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$238.1 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
FlooringVinyl

Exterior

Exterior FeaturesPrivate Entrance
Lot Size30 acres

Land Information

APNR20528201
Land UseResidential
Legal DescriptionS13225 LIN LUCE RANCHES #1 BLK 14 & 15, 30.0 ACRES, UNDIVIDED INTEREST 50.0000000000%
Census Tract950500
Assessed Land Value$200,250
Assessed Improvement Value$86,270
Assessment Year2025

About this property

Welcome to your secluded getaway! This property offers excellent privacy, rolling terrain and plenty of room to stretch your legs. At 30 acres, this property provides ample room for your dreams. A 1,680 square foot home is in place and would make a great place for your next permanent home or use as a weekend place or temporary home while you build. This home has 2 bedrooms, 1 bath, an additional add-on living area, utility room and more. Outside the home, there is a small shop/garage, 2 cabins and a metal barn. The cabins are moveable and each have one bedroom. The larger cabin has a kitchen and bathroom attached to it as well. The metal building would be great for livestock or equipment storage. There are serval great spots for additional build sites for a home or shop if desired. The home is accessed by a long driveway and is fenced out from the larger property. The property itself features rolling terrain throughout, with the elevation changing some 50 feet from the northern to southern boundaries. There are three ponds on the property that would be great for fishing or use for livestock/wildlife. The property is fenced and ag exempt currently. There is ample open pasture that livestock can utilize or it can be easily cut for hay. Towering oaks make up the majority of the flora, with intermingled cedars, elms and water oaks filling in the gaps. The rear of the property is bounded by a wet-weather creek (Lin Luce Branch) and typically has running water in it the majority of the time. This area is home to deer, hogs, predators and more. Whether you're looking for a place to live on, hunt, fish or run livestock--this property can do it all! Water well, power, and septic are all in place. Gravel road access via CR 342.

Investor Tools

Property Icon
$424,000
Estimated Property Value
$0Estimated Mortgage Balance
$424,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$481,477
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,544 /month
Positive
Cash Flow Estimate:
$848 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,555
$286,520
2025
$200,250
$86,270
$286,520
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,555
$286,520

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$424,000
100%
0%
$0/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: Milano

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6405 County Road 342 | Property Details | No Agent List