Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$375,000

140 Bear Branch Rd, Purmela, TX, 76566

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths782 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$479.54 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Electric Water Heater, Free Standing Electric Oven
FlooringConcrete

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size8.87 acres

Building Information

Year Built2018
Garage Spaces2

Land Information

APN0-75-19-0100
SubdivisionD B Lovejoy
Land UseResidential
Legal Description1773 D B LOVEJOY, ACRES 8.87
Census Tract010102
Assessed Land Value$10,050
Assessed Improvement Value$111,090
Assessment Year2026

About this property

If you're looking for a little room to spread out, a good shop, and some peace and quiet, this property might be just what you've been searching for! Located at 140 Bear Branch Rd in Purmela, TX, between Evant and Gatesville and just a short distance from the historic community of Pearl, Texas, this 2018-built, 1-bedroom, 1-bathroom barndominium sits on 8.87± acres with incredible panoramic views of the surrounding countryside. The nearly 1,800± sq. ft. building features approximately 750–900 sq. ft. of living space, a spacious 30' x 30' attached shop, and a 200 sq. ft. covered front porch that's perfect for taking in those Texas sunsets. Spray foam insulation adds to the building's efficiency, while an electric gated entrance, perimeter and cross-fencing, and scattered hardwoods throughout the acreage give the property that true country feel. With no known restrictions, there's plenty of opportunity to make this place your own. The septic system was designed with future expansion in mind, offering potential for additional living space or a larger home down the road, subject to verification and necessary approvals. Whether you're a first-time buyer wanting some acreage, a retiree looking for a quieter lifestyle while staying within reach of the Temple VA, or someone needing a comfortable place to live while building their dream home, this property offers plenty of possibilities. Not everyone needs a big house. Sometimes a little land, a good shop, wide-open views, and some peace and quiet are all you need. Living area is estimated at 750–900 sq. ft. Buyer to independently verify square footage, property restrictions, taxes, agricultural exemption status and eligibility, septic capacity, and suitability for any intended expansion or improvements.

Investor Tools

$325,652Estimated Mortgage Balance
$407,348Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,398 /month
Positive
Cash Flow Estimate:
$1,466 /month

Interested in this property?

James Banks

Shipley Ranches

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$421/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,391
$121,140
2026
$10,050
$111,090
$221,540
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,391
$121,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Farm Credit Aca
Unknown
$328,030
No
First
May 6, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$325,652
$407,348
55%
44%
$1,967/mo

City: Purmela

140 Bear Branch Rd | Property Details | No Agent List