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$397,480

NAL Estimated Property Value

6938 Fm 1956, Nocona, TX, 76255

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,294 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.99 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesElectric Cooktop, Electric Oven
FlooringCarpet, Combination, Laminate, Tile

Exterior

Lot Size7.64 acres

Building Information

Year Built1988

Land Information

APNR000027311
Land UseResidential
Legal DescriptionACRES: 7.640 AB 1526 W G HARALSON SURVEY
Census Tract950100
Assessed Land Value$129,950
Assessed Improvement Value$267,530
Assessment Year2025

About this property

This is a great property for a handy man or craftsman to bring this home to life. Sitting on 7 acres just 6.7 miles or a 9 minute drive east of Nocona on FM 1956, this land is heavily treed in mature post oaks and is at high elevation to enjoy panoramic views to the southwest, west and northwest. On the property is a great RV shed, small barn and cattle pens. Easy access from the Farm to Market road makes this property a breeze to enter and exit.

Investor Tools

Property Icon
$397,480
Estimated Property Value
$0Estimated Mortgage Balance
$397,480Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,385 /month
Positive
Cash Flow Estimate:
$795 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$544/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,546
$397,480
2025
$129,950
$267,530
$397,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,546
$397,480

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$397,480
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.

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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: Nocona

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6938 Fm 1956 | Property Details | No Agent List