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$501,000

9041 Fm 228, Grapeland, TX, 75844

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,884 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.36 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3

Exterior

Private PoolPrivate Pool
Lot Size2 acres

Building Information

Year Built1977

Land Information

APN000300006000000000004
SubdivisionJno Durst
Land UseResidential
Legal DescriptionJNO DURST AB 30 2.00 AC
Census Tract950102
Assessed Land Value$21,000
Assessed Improvement Value$385,180
Assessment Year2025

About this property

ENERGY EFFICIENT HOME! This four bedroom, three bath red brick home sits on 8.71 acres of improved pasture land in the Percilla area. The home has been updated throughout with digital thermostats and a new roof. The electric is operational off solar panels which are located on top of the shop at the rear of the property marking electrical payments minimal. The property included a nice in-ground swimming pool, a large 60’x30’ shop and coastal hay meadow that has been fertilized and sprayed for years. The land is completely fenced in and has large oak trees shading the front yard and a paved asphalt drive to the house.. Also, a 40’x30’ foundation has been constructed to overlook the swimming area for a man-cave, outdoor kitchen, or lounge area! This property has so much potential and must be seen to be appreciated!

Investor Tools

Property Icon
$501,000
Estimated Property Value
$403,750Estimated Mortgage Balance
$133,701Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,006 /month
Positive
Cash Flow Estimate:
$1,002 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,218
$406,180
2025
$21,000
$385,180
$406,180
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,218
$406,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Conventional
$403,750
No
First
Aug 11, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$367,299
$138,701
27%
73%
$2,421/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: Grapeland

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