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$360,000

289 Mcilrath Road, Leonard, TX, 75452

$430,111 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,674 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.63 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size1.05 acres

Building Information

Year Built1990

Land Information

APN128015
Lot Number2
Land UseResidential
Legal DescriptionMC ILRATH ADDITION, LOT 2, ACRES 1.05
Census Tract950701
Assessed Land Value$74,780
Assessed Improvement Value$313,160
Assessment Year2025

About this property

Escape the hustle and bustle of city life and embrace peaceful country living in this charming farmhouse situated on a full acre outside city limits! Tucked away in a serene setting with a private driveway, this property offers the perfect blend of modern comfort and small-town charm. Inside, you'll find four spacious bedrooms, an inviting open-concept layout, and a thoughtfully designed split-bedroom floor plan that provides both functionality and privacy. The primary suite offers a relaxing retreat, complete with a freestanding soaking tub, an oversized double shower, and beautiful designer tile finishes. Step outside and enjoy endless possibilities with a full acre of land, offering plenty of space for outdoor entertaining, gardening, or raising chickens and goats. Recent improvements include new fencing, shelving, blinds, and a hot water heater. The loafing shed and appliances are negotiable with an acceptable offer. Built on a pier-and-beam foundation, this is a traditional residential home, not a manufactured or mobile home. Experience the freedom, space, and tranquility of country living while still enjoying convenient access to nearby city amenities!

Investor Tools

$325,626Estimated Mortgage Balance
$216,374Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$430,111
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,252 /month
Positive
Cash Flow Estimate:
$1,084 /month

Interested in this property?

Kim Davis

Keller Williams Realty DPR

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,233
$387,940
2025
$74,780
$313,160
$387,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,233
$387,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Lenders Inc
Fha
$343,660
Yes
First
Apr 25, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$325,626
$216,374
39%
60%
$2,135/mo

City: Leonard