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$458,000

NAL Estimated Property Value

722 County Rd 2159, Grapeland, TX, 75844

Off MarketInfo
Baths2 Bath
Baths3,276 Sq Ft

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 2Bathrooms 2

Exterior

Lot Size1 acre

Building Information

Year Built1999

Land Information

APN009450001000010000104
SubdivisionJno Smith
Land UseResidential
Legal DescriptionJNO SMITH AB 945 1.00 AC
Census Tract950101
Assessed Land Value$7,800
Assessed Improvement Value$51,170
Assessment Year2025

About this property

You will be impressed when you enter the front gate of the 35.069-acre property! Sitting on a hill in the middle of the property, is a 4/2 mobile home with a large open living, dining, and kitchen area with a gas fireplace. Outside, you can see for miles on the covered porch. Just across from the mobile home, is a one room cabin with a bathroom, and nice porch. Both properties have covered parking with a slab and utility room. The primary home is located towards the back of the property, for seclusion. The 2/1 home consists of an open living, kitchen, and dining area with gas fireplace, a handy laundry room, and all appliances with remain. This property has multiple barns and sheds giving you plenty of room for equipment storage and more – a 20’x20’ insulated barn, 30’x70’ enclosed barn with kitchen, and a two 30’x60’ pole barns, one with a slab. The property is fenced and cross fenced with metal working pens, so bring your livestock!

Investor Tools

Property Icon
$458,000
Estimated Property Value
$348,737Estimated Mortgage Balance
$109,263Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$214/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$275
$58,970
2025
$7,800
$51,170
$58,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$275
$58,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$360,000
No
First
Aug 9, 2024
Sep 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,737
$109,263
23%
76%
$2,159/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: Grapeland

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722 County Rd 2159 | Property Details | No Agent List