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$680,000

6942 Us Highway 83, Ovalo, TX, 79541

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,401 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$283.22 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Water Heater, Gas Cooktop, Gas Oven, Microwave
FlooringConcrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Lighting
Lot Size27.79 acres

Building Information

Year Built2018
Stories1
Roof Type312
Garage Spaces2

Land Information

APNA0007001400
SubdivisionSur 507 Hezekiah Akles
Land UseResidential
Legal DescriptionA0007 SUR 507 HEZEKIAH AKLES, ACRES 27.786
Census Tract013501
Assessed Land Value$12,093
Assessed Improvement Value$238,992
Assessment Year2025

About this property

Experience the serenity of West Texas living on this beautiful 20± acre property in the highly desired Jim Ned ISD, conveniently located just south of Tuscola off Highway 83. A custom automatic entrance gate welcomes you in, providing privacy and security as you arrive at this impressive barndominium. The 4-bedroom, 2-bath home features an open floor plan, stained concrete floors, decorative rustic wood walls, tin ceilings, and a HUGE primary closet. With zero sheetrock, the home offers a unique, durable, and low-maintenance finish while maintaining a warm, finished feel. Step outside to enjoy the pool, built in 2020, along with a covered outdoor patio and a covered back porch spanning the entire length of the house—perfect for relaxing or entertaining. The property also features a beautiful pond stocked with bass and catfish that holds water even through dry years. An oversized attached garage provides plenty of room for a four-door dually with both replacement bumpers. Take in breathtaking sunsets overlooking the West Texas hills and enjoy a level of peace and privacy that is hard to find. This is a must-see property to truly appreciate all it has to offer! {Information believed accurate but not guaranteed. Property sold “as is.” Acreage, maps & fence lines are approximate. Buyers should verify details. Subject to errors, changes, prior sale, or withdrawal.}

Investor Tools

$297,161Estimated Mortgage Balance
$164,839Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,080 /month
Positive
Cash Flow Estimate:
$1,360 /month

Interested in this property?

Matthew Stovall

Red Farm Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,224
$251,085
2025
$12,093
$238,992
$509,971
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,224
$251,085

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$333,800
No
First
Jan 15, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,161
$164,839
35%
64%
$2,002/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,360/mo
$2,002/mo
$-642/mo
3.5%

City: Ovalo

6942 Us Highway 83 | Property Details | No Agent List