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$2,606,159

NAL Estimated Property Value

7650 Fm 897, Telephone, TX, 75488

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$842.39 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Gas Water Heater, Microwave

Exterior

Lot Size18.76 acres

Building Information

Year Built2020
Garage Spaces2

Land Information

APN78365
Land UseResidential
Legal DescriptionA0607 J KNAPP, ACRES 18.763, TRACT 5
Census Tract950800
Assessment Year2025

About this property

Private Retreat with Investment Potential Near Bois d’Arc Lake. Discover 7650 FM 897, Telephone, TX 75488, a rare blend of privacy, convenience, and opportunity in one of North Texas' fastest-growing lake regions. This 2020-built 3 bed, 2 bath home with a workshop is surrounded by mature trees on 20 acres, offering complete seclusion for families, vacationers, and retirees seeking a peaceful retreat. Enjoy tranquil evenings, nature-filled getaways, and the perfect place to invest in your legacy or retire in peace. Located just 5 minutes from the 897 Boat Ramp on Bois d’Arc Lake, this property provides prime access to fishing, boating, and outdoor adventures. With Lake Bonham under 20 minutes away and the upcoming Lake Ralph Hall (completion in 2026) under 30 minutes, the recreational opportunities are endless. For investors and commercial buyers, the 1,100+ feet of FM 897 frontage and surrounding commercial zoning make this a prime business location in a high-growth area. Whether you envision a lake-related business, short-term rentals, or a long-term investment in the booming North Texas market, this property is a rare opportunity to capitalize on the region's expansion. Live, invest, or build your business in one of Texas' most promising destinations. Come tour your future property! *Buyer to Verify All Information*

Investor Tools

Property Icon
$2,606,159
Estimated Property Value
$0Estimated Mortgage Balance
$2,606,159Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,637 /month
Positive
Cash Flow Estimate:
$5,212 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,380/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,529
$2,606,159
2025
N/A
N/A
$2,674,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,529
$2,606,159

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,606,159
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: Telephone

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7650 Fm 897 | Property Details | No Agent List