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Street View

$130,340

NAL Estimated Property Value

807 Memorial Drive, Richland, TX, 76681

$169,442 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,750 Sq Ft
FarmFarm
price_per_sqft$340 / sqft
Year BuiltBuilt in 1995

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesOther, Storage
Lot Size77.54 acres

Building Information

Year Built1995
Stories1
Garage Spaces4

Land Information

APN47175
SubdivisionJ Choate Abst
Land UseAgriculture / Farming
Legal DescriptionABS A10002 J CHOATE ABST TRACT 56 77.542 ACRES
Census Tract971000
Assessed Land Value$15,440
Assessed Improvement Value$114,900
Assessment Year2025

About this property

FINALLY, the perfect combination of a cattle working AND recreation ranch! This IS THE ONE! JUST 45 MIN SOUTH OF DALLAS! Fully Fenced with many improved pastures. 4 gorgeous stocked ponds! There's a 1750sqft 3Br-2Bth 2Story Fixer Upper Cabin, a 300sqft 1Room-1Bth Casita and a modern 1Br-1Bth 900 SqFt Apartment! The 65'X 165' Steel and Concrete Barn has 4 horse stalls, cattle working pens, a huge shop with electric & covered parking for equipment, trailers or hay! Property is bordered by wooded creeks on two sides and there are abundant trails for ATV riding AND A PROFESSIONAL MOTOCROSS TRACK! Approx 30% wooded & 70% cleared hay meadows. Wildlife is abundant! 4 50amp RV HOOKUPS. 5-10 min to nice shops & dining

Investor Tools

Property Icon
$130,340
Estimated Property Value
$119,050Estimated Mortgage Balance
$11,290Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$169,442
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,094
$130,340
2025
$15,440
$114,900
$702,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,094
$130,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lone Star Ag Credit
Commercial
$134,000
No
First
Aug 26, 2020
Sep 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,050
$11,290
8%
91%
$804/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: Richland

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807 Memorial Drive | Property Details | No Agent List