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$20,940

NAL Estimated Property Value

1785 County Road 4816, Wolfe City, TX, 75496

Off MarketInfo

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size23.57 acres

Land Information

APN1080-W480-0010-61
SubdivisionWilson Jason
Land UseVacant Land
Legal DescriptionA1080 WILSON JASON,TRACT W48-1, ACRES 23.5654
Census Tract960200
Assessed Land Value$3,320
Assessed Improvement Value$17,620
Assessment Year2025

About this property

Rare opportunity to own 23.56 acres featuring Magee Airport (FAA Identifier 42TX), an established FAA-registered private airport with a 2,500-foot north-south turf runway. This exceptionally level and usable property offers outstanding potential for the development of a small residential airpark community, private aviation estate, hobby farm, or recreational retreat. Conveniently located near Greenville, northeast of the Dallas-Fort Worth Metroplex, the property features approximately 2,100 feet of frontage along FM 512, providing excellent access and flexibility for future development. Existing improvements include a spacious 35 x 80 aircraft hangar or workshop offering approximately 2,800 square feet of enclosed space. The level topography, substantial road frontage, established runway, and existing aviation facilities make this property particularly attractive for buyers interested in creating a small aviation community with individual homesites and hangars, subject to applicable development approvals. Whether your vision includes developing a boutique residential airpark, establishing a private flying retreat, or enjoying the freedom of a spacious Texas hobby farm, this unique property offers an exceptional combination of acreage, aviation infrastructure, and future possibilities. Additional acreage with an existing residence is also available for purchase as part of the entire 25.110-acre property.

Investor Tools

Property Icon
$20,940
Estimated Property Value
$0Estimated Mortgage Balance
$20,940Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$35/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$310
$20,940
2025
$3,320
$17,620
$315,570
No

Tax History

Year
Tax Paid
Assessed Value
2025
$310
$20,940

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$20,940
100%
0%
$0/mo

City: Wolfe City

1785 County Road 4816 | Property Details | No Agent List