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$524,000

8266 Fm 17, Grand Saline, TX, 75140

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,128 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$246.24 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, None
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Lot Size21.42 acres

Building Information

Year Built1984
Stories1
Garage Spaces2

Land Information

APN046.0046.0430.0000.0000
Land UseResidential
Legal DescriptionACRES: 21.420 ABST: 46 SUR: SAM BELL
Census Tract950200
Assessed Land Value$34,960
Assessed Improvement Value$412,440
Assessment Year2025

About this property

Privacy, acreage, water and room to make it your own! A long driveway leads through the pasture to a secluded country setting featuring a main home, separate tiny home, livestock improvements, pool and an impressive approximately 3-acre stocked pond. The main home offers a spacious, flexible floor plan with granite countertops in the kitchen and plenty of opportunity to customize the interior to fit your needs. Previous interior walls have been removed, creating open spaces that could be reconfigured into additional bedrooms, living areas or office space. The unfinished areas upstairs offer even more potential for additional living space. Step outside and enjoy the in-ground pool with waterfall feature, covered patio and wide-open views. The property is set up for livestock with pasture, fencing, stalls and additional outbuildings. One of the standout features is the approximately 3-acre stocked pond with catfish, bass, crappie and bream, complete with a long fishing pier and covered dock. A separate 448-square-foot tiny home, built in 2019, provides additional flexibility for guests, extended family, office space or other uses. It has its own septic system and shares water with the main home. With two homes, acreage, AG exemption, livestock setup, pool, multiple ponds and a private country setting, this property offers a unique opportunity to create the East Texas lifestyle you've been looking for.

Investor Tools

$226,558Estimated Mortgage Balance
$222,162Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,144 /month
Positive
Cash Flow Estimate:
$1,048 /month

Interested in this property?

Ashley Murdock

Exit Realty Pro

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$547/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,325
$447,400
2025
$34,960
$412,440
$447,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,325
$447,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Deephaven Mortgage Llc
Conventional
$250,000
No
First
Jun 24, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,558
$220,842
49%
51%
$1,499/mo

City: Grand Saline