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$1,299,000

8505 County Road 500, Blue Ridge, TX, 75424

$1,478,182 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths4,139 Sq Ft
FarmFarm
price_per_sqft$313.84 / sqft
Year BuiltBuilt in 1999

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Double Oven, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size15.03 acres

Building Information

Year Built1999
Stories2
Garage Spaces2

Land Information

APNR-6304-005-0760-1
Lot Number76
SubdivisionJames Fisher Survey
Land UseResidential
Legal DescriptionABS A0304 JAMES FISHER SURVEY, SHEET 5, TRACT 76, 15.03 ACRES
Census Tract030101
Assessed Land Value$638,775
Assessed Improvement Value$399,547
Assessment Year2025

About this property

Discover the perfect blend of serene country living and urban convenience with this expansive rural residence. Nestled on a sprawling 15+ acre rolling landscape, this unique property offers abundant space, mature trees and incredible opportunities for development and customization. Built in 1999, the main home features 4 bedrooms and 2 baths, providing a comfortable sanctuary with efficient amenities like a gray water system, propane heating and central air conditioning. The home is a canvas ready for your vision, with some rooms already prepped for remodeling, allowing you to easily add your own special touches. The true value of this property lies in its exceptional ancillary features: a partially completed Barndominium, two additional buildings and development opportunities. The Barndominium is a 2 bedroom, 3 bath structure awaiting your finishing touches. It boasts completed electrical work and pre-prepped plumbing. An ideal project for a guest house or rental income. The additional structures offer fantastic potential to be converted into charming tiny homes; perfect for an AirB&B venture or multi-generational living. With 15+ acres, the development opportunities include the potential for three separate property entrances and ample cleared space. Plenty of room for future expansion and development. Enjoy the privacy and peace of rural acreage without sacrificing accessibility. You are less than 10 minutes from Melissa with quick access to highly-rated schools, diverse restaurants, shopping centers, the TOCA Soccer Center and the WES Arena. This property provides the rare opportunity to live rurally while staying close to city conveniences. Non-realty Items are negotiable, making this a flexible purchase for the savvy buyer ready to invest in a lifestyle of space, potential and convenience. Schedule a showing today and unlock the possibilities of this exceptional estate!

Investor Tools

Property Icon
$1,286,000
Estimated Property Value
$647,200Estimated Mortgage Balance
$689,443Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,478,181
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

Interested in this property?

Makema Epting

M&D Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,555/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,234
$1,038,322
2025
$638,775
$399,547
$1,038,322
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,234
$1,038,322

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$647,200
No
First
Apr 18, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$597,654
$688,346
53%
46%
$3,881/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,881/mo
$-1,909/mo
1.8%

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: Blue Ridge

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8505 County Road 500 | Property Details | No Agent List