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$450,000

5989 State Highway 31 E, Murchison, TX, 75778

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths1,152 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$390.63 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesRefrigerator
FlooringLaminate

Exterior

Exterior FeaturesPlayground
Lot Size1.75 acres

Building Information

Year Built1987

Land Information

APN0703-0260-0A00-71
SubdivisionAb 0703 Wm H Smith Sur
Land UseResidential
Legal DescriptionAB 703 WM H SMITH SUR, TR 26A
Census Tract950301
Assessment Year2025

About this property

Looking for space, flexibility, and endless possibilities? This unique property in Murchison sits on approximately 1.75 acres and offers so much more than a traditional home. The main residence features 3 bedrooms and 2 full baths, plus two additional spray-foam-insulated bonus rooms that provide extra space for an office, hobby room, game room, storage, or whatever fits your needs. Upstairs, you’ll find even more air-conditioned bonus space with two additional rooms. The current owners have utilized this area as a storefront, but its flexible layout opens the door to a variety of possibilities. Outside is where this property really stands apart. A large covered patio has previously been used for parties, gatherings, and a food truck area, while the outdoor playground adds even more functionality to the property. There is also a workshop with electricity and a half bath, additional parking for guests, customers, trailers, or recreational vehicles, and plenty of room to make the property your own. With approximately 1.75 acres and no known deed restrictions, this is a rare opportunity for someone looking for a property where they can live, work, entertain, create, or simply enjoy having room to spread out. Bring your vision and come see all the possibilities this one-of-a-kind Murchison property has to offer!

Investor Tools

$53,630Estimated Mortgage Balance
$148,370Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Lupe Jimenez

Mersaes Real Estate, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$640
$53,023
2025
N/A
N/A
$55,298
No

Tax History

Year
Tax Paid
Assessed Value
2025
$640
$53,023

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michelle Annette Richards Etal
Purchase Money Mortgage
$60,000
No
First
Mar 12, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,630
$148,370
73%
27%
$360/mo

City: Murchison

5989 State Highway 31 E | Property Details | No Agent List