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$153,000

NAL Estimated Property Value

6894 Fm 1553, Leonard, TX, 75452

Off MarketInfo
Baths1,050 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1965

Exterior

Lot Size21,824 sqft

Building Information

Year Built1965

Land Information

APN73910
Land UseResidential
Legal DescriptionA0273 G A DAVID, ACRES .501
Census Tract950701
Assessed Land Value$49,590
Assessed Improvement Value$13,430
Assessment Year2025

About this property

Here is your opportunity to own a slice of Texas at a reasonable price. This half acre of land is on a blacktop FM road with approximately 138 feet of frontage. Electric and water service is already onsite. Additionally, the owner reports an existing septic is present. The old home was demolished and the concrete slab remains. Location is important and you are minutes from downtown Leonard and close to State Highway 121. The location is unincorporated and there are no deed restrictions and no flood plain. You have options to bring your manufactured home, build a new home, hold for investment or develop. Information is deemed reliable but buyer should perform due diligence. Graphic boundary is approximate.

Investor Tools

Property Icon
$153,000
Estimated Property Value
$271,000Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$918 /month
Positive
Cash Flow Estimate:
$306 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$129/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$783
$63,020
2025
$49,590
$13,430
$63,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$783
$63,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$314,204
Yes
First
May 17, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,000
N/A
0%
177%
$1,884/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: Leonard

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6894 Fm 1553 | Property Details | No Agent List