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$1,995,000

7229 FM 1690, Gatesville, TX, 76528

$2,593,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$744.4 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

ARV Flip

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesSee Remarks
FlooringTile, Wood

Exterior

Exterior FeaturesSee Remarks

About this property

A unique opportunity to own a Beautiful, Central Hill Country Ranch with a Charming Custom Home set on a little over a square mile of land! Forty Mile Views offer incredible sunsets over the gently rolling terrain. This ranch is convenient being less than five miles off of Highway 281, yet far enough to appreciate the peace and quiet of country living. Location: 24 miles north of Lampasas, 93 miles from Austin, 164 Miles from DFW Airport on FM 1690 near Izoro. Access: Farm to Market Road 1690 and County Road 3790 Water: Well with Submersible Pump at the headquarters and a nice stock tank. Improvements: Set amongst a canopy of Massive, Century old Live Oaks is the Custom Built, Limestone Home of 2,680 square feet. With 3 Bedrooms and 2 Bathrooms, the inviting floor plan features Custom designed fireplaces that distribute heat throughout house in both the Family Room and Master Bedroom. Hardwood and Tile Floors, Custom Cabinetry and Finishes throughout the house. A full front porch welcomes guests along with a nice back porch to enjoy the outdoors. The backyard has been carefully developed for outdoor entertaining. The Features Include: Outside storage room with climate-controlled pantry, Insulated greenhouse, 1900s rock smokehouse converted into outdoor shower/washroom/utility room with washer and dryer hookups, Outdoor cedar pergola with rock floor, Outdoor cedar pergola with rustic bar Additional Amenities Include: All metal pole barn for equipment storage 30x50, Barn with Office 20x40 Feed Bin/Silo, 5 stall horse barn with wash rack 40x50, Riding Arena, Pipe yard fence, Automatic Gate at the Main Entrance Pasture: Gently Rolling with native grasses dotted with a variety of tree cover. Wildlife: Whitetail Deer, Wild Turkey and Varmints along with Doves and Ducks during the fall and winter months. Also available as: 454 Acres - Pasture with Windmill Well $2,953,000.00 655 Acres $4,853,000

Investor Tools

$0Estimated Mortgage Balance
$1,995,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$2,593,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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John Stepan

Ranch Investments

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Financing Details

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

City: Gatesville

7229 FM 1690 | Property Details | No Agent List