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$624,000

NAL Estimated Property Value

885 County Road 640, Hondo, TX, 78861

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths2,781 Sq Ft
price_per_sqft$222.91 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Cooktop, Electric Oven, Water Softener Owned
FlooringWood

Exterior

Lot Size21,780 sqft

Building Information

Year Built2002
Stories2
Garage Spaces2

Land Information

APN64152
SubdivisionI. & G. N. Rr. Survey 134
Land UseResidential
Legal DescriptionA0556 I. & G. N. RR. SURVEY 134; .5 ACRES
Census Tract000500
Assessed Land Value$8,820
Assessed Improvement Value$401,860
Assessment Year2025

About this property

**Additional 17 acres available. Will consider reasonable offers. This immaculate country property features a 3-bedroom, 4 bathroom home with large game room upstairs w/ half bath and separate entrance. It has a spacious screened porch with outdoor carpet and shades, also has a fire pit in back yard for those cool nights and for all your entertaining needs. There’s a 6-stall horse barn, w/ half bath, water and electricity, pens and round pen, and wash area that’s ready for your equestrian needs. The 40x100 Quonset Hut shop, with water and electricity is large enough for all your equipment needs. The property also includes a fully fenced backyard, gardening shed, all nestled on 8+ acres with a serene canopy of mature mesquite trees, this home offers a peaceful retreat for country living. Owner is a Licensed Realtor in Texas. ** pics were taken before the trees blossomed in the spring.

Investor Tools

Property Icon
$624,000
Estimated Property Value
$55,165Estimated Mortgage Balance
$568,835Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,744 /month
Positive
Cash Flow Estimate:
$1,248 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$657/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,765
$410,680
2025
$8,820
$401,860
$410,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,765
$410,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Service Fcu
Conventional
$59,200
No
First
Sep 1, 2022
Oct 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,165
$576,835
91%
9%
$355/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: Hondo

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885 County Road 640 | Property Details | No Agent List