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$1,500,000

Beds
4
Baths
3.0
sq ft
2,640

2601 County Road 575, Gorman, TX 76454

2601 County Road 575

Gorman, TX 76454

  • 119 days on market
Spanning 128 acres of coastal field and partially wooded is ideal for crops and recreational hunting. This former peanut farm offers endless possibilities. With sandy loam soil, perfect for agriculture, and multiple commercial wells, this property is already generating income. Ideal for a homestead or a hunting lodge, this property is limitless. The centerpiece is a newly constructed, thoughtfully designed home that's completely turnkey and move-in ready. Enjoy the Texas sunrises and sunsets from the comfort of your charming wrap-around porch, offering picturesque views in every direction. The land is currently planted with fertilized coastal, producing over 200 bales depending on rainfall—ideal for hay production, livestock grazing, or equestrian use. Whether you're looking to start a new agricultural venture, expand your existing operations, or simply enjoy the tranquility of rural living, this property has it all.

Details

Property type

Single Family Residence

Est. home value

$737,334

Lot size

128.0 acres

Price per sq ft

$569

Year built

2020

Annual property taxes

$3,961

Price History

08/26/2024
NTREIS

NTREIS #20710372

Listed
$1,500,000

Schools & Community

Elementary school: 

Maxfield

Middle school: 

Gorman

High school: 

Gorman

School district: 

Gorman ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Members Trust Of The Southwest Fcu

Loan start date

January 2021

Original loan amount

$608,443

Est. remaining balance

Not provided

Interest rate

2.26%

Loan type

Future Advance Clause / Open End Mortgage, 15 year

Seller

Enoch Marvin Yarbrough and Rachel R Yarbrough

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/24/2024 at 11:35 AM

Listing updated: 10/04/2024 at 4:24 PM

Listed by: Bailey Groves, Texas Real Estate Twins Phone #: (940) 704-6033

MLS: NTREIS #20710372

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