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$1,790,000

7042 County Road 573, Blue Ridge, TX, 75424

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths4,074 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$439.37 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Fire Pit, Rain Gutters, Storage
Lot Size19.97 acres

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-6474-002-0650-1
Lot Number65
SubdivisionJames Jackson Survey
Land UseResidential
Legal DescriptionABS A0474 JAMES JACKSON SURVEY, SHEET 2, TRACT 65, 19.97 ACRES
Census Tract030101
Assessed Land Value$629,055
Assessed Improvement Value$823,536
Assessment Year2025

About this property

WHAT AN AMAZING OPPORTUNITY, 2 homes and 20 acres!!! The main house is a beautiful high end custom home built in 2018, has over 4,000 sq ft with 3 bed 2.5 bath on 20 AG Exempt acres of beautifully maintained grounds, perfect for horses or cattle. The property has a nice mix of pasture land, trees including, Pecan, Persimmon and Mulberry and 3 ponds stocked with Florida Largemouth Bass. Spacious open rooms are ideal for entertaining or large family gatherings. Resort like master suite complete with a Steam Unit in master shower. Spray foam insulation and much more. In addition, the property offers a 1,288 sq ft second residence with 3 bed, 2 bath, remodeled in 2020. Search address on YouTube for video tour!

Investor Tools

Property Icon
$1,567,000
Estimated Property Value
$320,000Estimated Mortgage Balance
$1,274,229Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,740 /month
Positive
Cash Flow Estimate:
$3,580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,763/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,323
$1,452,591
2025
$629,055
$823,536
$1,452,591
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,323
$1,452,591

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$320,000
No
First
Nov 10, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,771
$1,274,229
81%
19%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,919/mo
+$53/mo
1.5%

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: Blue Ridge

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7042 County Road 573 | Property Details | No Agent List