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B+
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$210,000

961 Fm 3172, Shelbyville, TX, 75973

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,506 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.16 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Water Heater

Exterior

Lot Size2.52 acres

Building Information

Year Built1960

Land Information

APNR640373
Land UseResidential Single Family
Legal Description0584 RITTER EVERETT SUR BLK 0 TR 10.20 2.525 ACRES
Census Tract950600
Assessed Land Value$30,360
Assessed Improvement Value$149,230
Assessment Year2025

About this property

Come check out this Fully Remodeled gem sitting just minutes away from Toledo Bend and nestled on 2.525 Acres with scattered mature trees throughout, providing much needed shade during our summers! *Property has undergone a complete renovation with an added on bathroom. With this addition, property now has just over 1500 livable square footage plus aprox. a 300 sq ft front porch to enjoy the views! UPGRADES: - New Electric: Completely rewired through out home! (2023) - New Plumbing: Old bath has been redone and 2nd bathroom is all completely new (2023) - New A/C unit (2023) - Foundation re-leveled and replaced any deteriorating beams (2023) - Additional Bathroom added complete with Shower/Tub combo (2023) - Brand new flooring through home, just added (2024) - New Carpet in bedrooms - Old paneling removed and sheetrock added - New paint throughout inside and out - Resurfaced kitchen cabinets and added additional - New Hardwood countertops in Kitchen and Bathrooms - Custom Closets - Repaired front porch and replaced support beams with beautiful cedar, as well as replacing the front steps - New custom wooden fence along front of property - Added additional storage shed / work shop on concrete slab in back of lot and built it out fully with electrical! This home was originally built in 1960 but you need to come check it out for yourself as the updates have been remarkable!! Call me today to schedule a showing!

Investor Tools

Property Icon
$210,000
Estimated Property Value
$100,000Estimated Mortgage Balance
$21,002Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,370
$179,590
2025
$30,360
$149,230
$179,590
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,370
$179,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$100,000
No
First
May 19, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,998
$21,002
10%
90%
$1,200/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: Shelbyville

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961 Fm 3172 | Property Details | No Agent List