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$619,000

NAL Estimated Property Value

7939 S State Highway 78, Leonard, TX, 75452

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,118 Sq Ft
FarmFarm
price_per_sqft$295.09 / sqft
Year BuiltBuilt in 1998

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range

Exterior

Lot Size17.61 acres

Building Information

Year Built1998

Land Information

APN74713
Land UseResidential
Legal DescriptionA0343 E M EUBANKS, ACRES 17.615
Census Tract950701
Assessed Land Value$351,140
Assessed Improvement Value$259,230
Assessment Year2025

About this property

MAJOR PRICE REDUCTION. Priced aggressively at land value with over 17 acres, multiple access points, and no restrictions. Rare opportunity in this area just outside Leonard, where privacy, versatility, and recent upgrades converge on a sprawling 17.6-acre property with no restrictions and dual road access from both State Highway 78 and County Road 3701. Set back from view with gated access, this private homestead features a 3-bed, 2-bath main home with extensive upgrades: roof (2023), HVAC (2024), windows (2025), new interior doors, paint, fixtures, thermostat, and tile in the bedrooms (5 years old). The kitchen is fully updated, featuring 10K in new cabinetry and modern finishes. The guest bath includes a newly replaced shower and a new vanity and sink. Built on an 8-inch post-tension slab with two-foot piers. A 640 sq ft (16x40) tiny home with its own entrance off CR 3701 includes 2 bedrooms, a bathroom, a full kitchen, and a living room—ideal for guests, rental income, or extended family. The property also includes a 12x16 barn with a storage loft, a 10x20 red storage shed (spray foam insulated) attached to a two-stall carport, and an 8x20 blue shed attached to a three-stall carport. Additional features include a fenced garden and a livestock feeding and grazing area. The entire property is fully fenced and extremely private. The main home is not visible from FM 68 or Hwy 78. Property may be subdivided. Area highlights: Minutes from Bois d’Arc Lake, now open for boating, fishing, and recreation, and the future Lake Ralph Hall, projected to be completed by 2026. These two major reservoirs are transforming the region into a recreational and residential destination with increasing long-term value. No restrictions. Bonham ISD. A move-in-ready, high-potential property offering privacy, functionality, and investment upside.

Investor Tools

Property Icon
$619,000
Estimated Property Value
$162,840Estimated Mortgage Balance
$456,472Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$803/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,536
$610,370
2025
$351,140
$259,230
$610,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,536
$610,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certainty Home Loans Llc
Conventional
$179,000
No
First
Oct 18, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,840
$456,160
73%
26%
$1,074/mo

Learn About the Market: Opportunity in Texas

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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: Leonard

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7939 S State Highway 78 | Property Details | No Agent List