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$346,000

NAL Estimated Property Value

856 County Road 3048d, Corsicana, TX, 75109

Off MarketInfo
Beds6 Beds
Baths2 Bath
Baths4,000 Sq Ft
price_per_sqft$82.5 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave, Other
FlooringWood, Vinyl

Exterior

Lot Size2.35 acres

Building Information

Year Built1991
Stories1
Garage Spaces2

Land Information

APN55691
Lot Number29
SubdivisionSunrise Estates Ph Iii
Land UseResidential
Legal DescriptionS0675.03 SUNRISE ESTATES PH III BLK M LOT 29, 24, 28, 30 & 31 2.3478 ACRES
Census Tract970701
Assessed Land Value$102,270
Assessed Improvement Value$206,940
Assessment Year2025

About this property

A home filled with character on 2.34 acres near the lake, this spacious 6 bedroom, 2 bathroom property offers approximately 4,000 square feet of living space. The interior features a large 10x20 schoolroom that can function as a classroom, office, craft room or flex space, along with warm rustic finishes and generous kitchen and dining areas. The property is designed for both function and enjoyment. Outside, you will find a 13x10 greenhouse, a gazebo with a hot tub, a pergola area, and a playhouse. A covered carport and a separate storage building provide additional convenience and space. This acreage offers privacy, versatility and close proximity to lake recreation. It is an excellent opportunity for anyone looking for space, land and a home with character inside and out.

Investor Tools

Property Icon
$346,000
Estimated Property Value
$75,890Estimated Mortgage Balance
$270,110Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,076 /month
Positive
Cash Flow Estimate:
$692 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$336/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,301
$235,959
2025
$102,270
$206,940
$309,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,301
$235,959

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John Paul Newman
Seller Carryback / Seller Financing / Seller Take-Back
$90,000
No
First
Aug 31, 2018
Aug 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$75,890
$270,110
78%
22%
$540/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: Corsicana

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856 County Road 3048d | Property Details | No Agent List