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$450,000

9083 County Road 172, Iola, TX, 77861

$585,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths— Bath
Baths2,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$803.57 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms —Bathrooms —

Exterior

Lot Size10 acres

Land Information

APNR74899
Land UseOther / Unknown
Legal DescriptionA0312 J F MARTIN, TRACT 29-4, ACRES 10
Census Tract180303
Assessment Year2025

About this property

Enjoy country living with room to grow on this 10 acre property in Iola, featuring open land in front, woods in back, and large, mature oak trees scattered throughout. This true barndominium metal building is spray foam insulated and offers approximately 560 SF of interior living quarters with 2 bedrooms, 1 bath, a living area, and kitchenette, with washer / dryer connections, plus an additional exterior bathroom. 20'x40' covered awning provides room for outdoor entertaining, or a larger future living quarters. Two overhead doors provide convenient access to the spacious workshop area, with plenty of room to expand the living quarters and loft storage above. 15'x40' attached carport also provides additional flex space. Future expansion features include an additional 200-amp electrical service and a drain already plumbed for a future full kitchen. A 50-amp plug currently serves as a car charger and could be converted for RV use. The yard surrounding the barndo is fenced, and a pond is shared with the neighboring property. Paved county road frontage, Wickson Water, and an aerobic septic system. Located approximately 20 minutes from Bryan/College Station and a few miles from the future Terafab facility. The property currently uses a shared driveway; the buyer will need to install a private driveway. This property would be perfect for a weekend get-away or place to build your new custom home!

Investor Tools

$120,906Estimated Mortgage Balance
$583,094Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$585,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,224 /month
Positive
Cash Flow Estimate:
$1,408 /month

Interested in this property?

Katie DeHaven

RE/MAX 2020

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$753
N/A
2025
N/A
N/A
$249,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$753
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$132,400
No
First
Mar 3, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,906
$583,094
82%
17%
$794/mo

City: Iola

9083 County Road 172 | Property Details | No Agent List