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B+
NoAgentList RatingHow are grades calculated? Info

$741,000

7097 Freeman Rd, Krum, TX, 76249

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,485 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$315.9 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven
FlooringCarpet, Wood

Exterior

Exterior FeaturesStorage
Lot Size9.21 acres

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR188446
SubdivisionJ&S Scott Addn
Land UseAgriculture / Farming
Legal DescriptionJ&S SCOTT ADDN BLK A LOT 1 ACRES 9.208 OLD DCAD A0150A TR 1B(1)
Census Tract020208
Assessed Land Value$98,068
Assessed Improvement Value$309,789
Assessment Year2025

About this property

Welcome to your dream equestrian oasis! Nestled in the heart of Krum, Texas, this sprawling 9.6-acre property boasts unrestricted land and immaculate square boundaries lines, a true gem for those with a passion for horses and livestock. Priced competitively below appraisal value, this charming ranch-style home has been meticulously maintained inside. Boasting three bedrooms, two baths, and an elegant layout, including a spacious kitchen with an island and climate-controlled storage, every detail of this home is designed for comfort. Step outside to discover a wealth of amenities, including a generous workshop, hobby shop, and storage building, along with a convenient chicken coop and three lush hayfields. The acreage is fenced with plenty of pasture grass making it ideal for livestock and wildlife. Enjoy the financial advantages of its ag-exempt status while close proximity to Denton. Don't miss your chance to own this rare piece of tranquil land on Freeman Rd.

Investor Tools

Property Icon
$741,000
Estimated Property Value
$511,390Estimated Mortgage Balance
$156,655Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,710 /month
Positive
Cash Flow Estimate:
$1,570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$732
$407,857
2025
$98,068
$309,789
$760,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$732
$407,857

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farm Credit Mid America Flca
Unknown
$511,390
No
First
Jul 31, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$584,345
$156,655
21%
79%
$3,609/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: Krum

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7097 Freeman Rd | Property Details | No Agent List