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$579,775

$242,000

TBD 3 LCR 3212, Penelope, TX, 76676

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Baths0 Bath

About this property

BUILD YOUR DREAM HOME, or simply enjoy the country life experience. This beautiful acreage can be accessed from FM 3212 and features beautiful rolling terrain, a pond, a wooded creek, and newly sprigged coastal grass. Seller will install a Birome co-op water meter prior to closing. The land benefits from lower property taxes due to the present agricultural exemption. This gently rolling terrain pasture land provide lots of room to spread out. Restrictions prohibit mobile homes. This acreage is one of 3 parcels listed. The other mls numbers are 21188146 and 21188052. They Can be bought all together at $794700 or individually at $264900. So many possibilities!!! OWNER WILL FINANCE!!!! 10% down, 10% interst for 30 yrs!

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,479 /month
Positive
Cash Flow Estimate:
$1,160 /month

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Sue Reed

Kelly, Realtors

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Penelope

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TBD 3 LCR 3212 | Property Details | No Agent List