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$395,000

NAL Estimated Property Value

8888 Fm 229, Grapeland, TX, 75844

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.34 / sqft

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher

Exterior

Lot Size3.10 acres

Land Information

APN060600046000000000000
Lot Number23
SubdivisionTejas Shores
Land UseResidential
Legal DescriptionTEJAS SHORES LOT 23 SEC 2
Census Tract950500
Assessed Land Value$12,870
Assessed Improvement Value$243,200
Assessment Year2025

About this property

TEJAS SHORES! Expect to be impressed with this beautiful setting! As you pull through the gate of this 3.099-acre property, you will love the towering shade trees. The welcoming front porch leads you into the spacious living and eat-in kitchen. The kitchen is complete with beautiful cabinetry, great counterspace, and stainless appliances. The primary bedroom has a private bath with walk-in tile shower, while two guest bedrooms share a hall bath with a shower/tub combo. This home has cedar trim and pretty flooring throughout. Outdoors, you’ll love the large, covered back porch overlooking the property, as well as the storage building. This property is just minutes from Houston County Lake. This is the perfect full-time home or weekend get-a-way. Call today to schedule a private tour.

Investor Tools

Property Icon
$395,000
Estimated Property Value
$292,651Estimated Mortgage Balance
$102,349Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$269/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,257
$256,070
2025
$12,870
$243,200
$256,070
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,257
$256,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Fha
$296,994
Yes
First
Jul 23, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,651
$33,349
10%
74%
$1,781/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.

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: Grapeland

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8888 Fm 229 | Property Details | No Agent List