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Days592Days on Market
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$250,000

$225,000

7000 N FM 585, Bangs, TX, 76823

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths880 Sq Ft
price_per_sqft$284.09 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater
FlooringCarpet, Linoleum

Exterior

Lot Size2.80 acres

Land Information

APN75449
Land UseResidential
Legal DescriptionBEATY SEALE & FORWOOD, SURVEY 33, ABSTRACT 133, ACRES 2.8
Census Tract950201
Assessed Land Value$40,600
Assessment Year2025

About this property

Welcome to 7000 N FM 585, a charming country property situated on 5.1 fenced acres near Bangs, Texas. This 2-bedroom, 2-bathroom home offers the perfect combination of rural living and convenient access to nearby amenities. Mature oak trees provide abundant shade and create a peaceful setting throughout the property. The fenced acreage offers plenty of space for livestock, gardening, recreation, or future improvements. A storage building adds valuable functionality for equipment, tools, and outdoor gear. Located in the Bangs ISD school district, this property is ideal as a full-time residence, weekend retreat, or hobby farm. Experience the beauty, privacy, and versatility of Texas country living at 7000 N FM 585.

Investor Tools

$0Estimated Mortgage Balance
$223,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$136/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$512
$40,600
2025
$40,600
N/A
$40,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$512
$40,600

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$223,000
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: Bangs

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7000 N FM 585 | Property Details | No Agent List