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$580,000

9488 Fm 937, Thornton, TX, 77865

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,808 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$320.8 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Electric Water Heater
FlooringHardwood, Vinyl

Exterior

Lot Size9.87 acres

Land Information

APN000025-001193
Land UseResidential
Legal DescriptionAB 25 M C MARQUEZ SEC 4 & 15 1445/80 9.866 ACRES
Census Tract960300
Assessed Land Value$91,668
Assessed Improvement Value$145,240
Assessment Year2025

About this property

A rare Central Texas property where home, horses, business, and recreation come together seamlessly. Situated on approximately 9.8 deeded acres with approximately 12 acres fenced, this 3-bedroom, 2-bath property offers an established equestrian setup, commercial potential, direct FM 937 frontage, a stocked fishing pond, and country privacy all within minutes of Lake Limestone. Built with horse owners in mind, the property features an impressive 15-stall main barn with water, electric, and enclosed motorized fans, a separate 4-stall barn, concrete wash rack, 8-horse freestyle walker offering additional potential with some TLC, and an outdoor arena with quality riding dirt. Mature trees provide afternoon shade for the arena, creating a setting well suited for riding year round. A statement brick fireplace, abundant natural light, original glass doorknobs, and original hardwood floors in the living and dining rooms preserve its charm, while new LVP flooring extends throughout the remainder of the home. A spacious covered porch overlooks the surrounding countryside. Much of the hard work has already been done. Improvements include a foundation overhaul, new exterior siding and paint, new electrical panel and fixtures, approximately 300 feet of new fencing, a brand new AC system installed in 2022, and numerous additional updates throughout, too many to list. The home is ready to enjoy today while giving its next owner the freedom to personalize it over time if they choose. What truly sets this property apart is its versatility. Commercial potential, paved road frontage, and minutes from Lake Limestone amenities create opportunities beyond a traditional home, while the pond, usable acreage, extensive equestrian facilities, and centralized between Waco, College Station, DFW, Austin and Houston further broaden its appeal. All tucked within Leon ISD. This isn’t simply a home on acreage…it’s a property designed to live, ride, work, and grow.

Investor Tools

$229,766Estimated Mortgage Balance
$248,234Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,480 /month
Positive
Cash Flow Estimate:
$1,160 /month

Interested in this property?

Jacob Smith

Brooks & Morgan Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$350/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,804
$236,908
2025
$91,668
$145,240
$236,908
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,804
$236,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Fha
$230,743
Yes
First
Mar 31, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,766
$248,234
51%
48%
$1,537/mo

City: Thornton

9488 Fm 937 | Property Details | No Agent List