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$232,000

NAL Estimated Property Value

692 Farm Road 1506, Paris, TX, 75460

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.99 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size2.07 acres

Building Information

Year Built1988
Stories1
Garage Spaces4

Land Information

APN104280
Lot Number10
SubdivisionJ Campbell Survey
Land UseResidential
Legal DescriptionA219 J CAMPBELL SURVEY, TRACT 10, ACRES 2.071
Census Tract000200
Assessed Land Value$40,840
Assessed Improvement Value$181,700
Assessment Year2025

About this property

Charming home located in the highly desirable Chisum School District! The home is located just minutes away from Loop 286 making it conveniently located to all of the amenities Paris has to offer. The home sits on 2.07acres of land, offers 1444sqft of living space with 2 bedrooms, 2 bathrooms and a sunroom that could be converted into a bedroom. The property also has a 900sqft shop, 900sqft covered porch on the front of the shop and an apartment that is currently being rented out but would make the perfect office or guest suite. The home has also had a new hvac unit, new roof, new cooktop and stove installed. The storage building has recently had a new floor and roof installed and the apartment has recently been remodeled. Let's go look!!!

Investor Tools

Property Icon
$232,000
Estimated Property Value
$0Estimated Mortgage Balance
$232,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,559 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,042
$222,540
2025
$40,840
$181,700
$222,540
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,042
$222,540

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$232,000
100%
0%
$0/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: Paris

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692 Farm Road 1506 | Property Details | No Agent List