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$153,000

NAL Estimated Property Value

6894 Fm 1553, Leonard, TX, 75452

Off MarketInfo
Beds— Beds
Baths— Bath
Baths1,050 Sq Ft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

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
$153,000Estimated 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

City: Leonard

6894 Fm 1553 | Property Details | No Agent List