tomo logo

$650,000

Beds
3
Baths
2.0
sq ft
1,772

5670 FM 1571, Lone Oak, TX 75453

5670 FM 1571

Lone Oak, TX 75453

  • 4 days on market
Tucked away in the serene beauty of the Lone Oak countryside, this breathtaking 10.35-acre property is a true escape from the chaos of everyday life. Picture yourself sipping your morning coffee on the front porch, watching the sun rise over sweeping pastures, with the peaceful sounds of nature surrounding you. This is more than just a home; it’s your very own slice of rural paradise. With over 10 acres of open land qualifying for a hay meadow AG exemption, the possibilities are endless. Whether you want to raise animals, grow your own food, or simply relish in the freedom and tranquility, this property offers the space to make it happen while also providing potential tax savings. The recently updated home is a perfect blend of rustic charm and modern amenities, providing a warm, inviting atmosphere to relax and unwind. The expansive 40x60 shop is a standout feature, offering versatile space to store equipment, serve as a working shop, or be transformed into an indoor sports area or gym. With two large roll-up doors, shelving, electricity, water, and stunning epoxy flooring, the shop is ready for whatever you can imagine. Inside, you’ll also find a fully updated 600 sq. ft. apartment with a spacious living room, kitchen, bedroom, bathroom, and utility space—ideal for guests, a private retreat, or a home office. Step outside to your own private patio, where a hot tub awaits, offering the ultimate relaxation after a day on the property. With two RV hookups and plenty of room to roam, this property is a dream come true for those seeking a rural lifestyle with modern comforts. Located in the top-rated Lone Oak ISD, Lone Oak High School has recently been redesigned and now features a new band hall, concession stand, gym, cafeteria, science and health labs, athletic performance center, and an ag barn with classroom spaces. This stunning property is more than just a place to live—it’s a place to create lasting memories and embrace the beauty of country life.

Details

Property type

Single Family Residence

Est. home value

$530,618

Lot size

10.31 acres

Price per sq ft

$367

Year built

1996

Annual property taxes

$5,024

Price History

04/04/2025
NTREIS

NTREIS #20893935

Listed
$650,000
06/17/2022
NTREIS

NTREIS #20013686

Removed

Schools & Community

Elementary school: 

Loneoak

Middle school: 

Loneoak

High school: 

Loneoak

School district: 

Lone Oak 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

Inwood National Bank

Loan start date

March 2017

Original loan amount

$0

Est. remaining balance

$0

Interest rate

3.41%

Loan type

New Conventional, 15 year

Seller

Terry L Davidson and Melissa L Davidson

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?

Status: Active

Tomo last checked: 04/09/2025 at 11:05 AM

Listing updated: 04/04/2025 at 8:16 PM

Listed by: Amanda Christensen, Compass RE Texas, LLC Phone #: (469) 210-8288

MLS: NTREIS #20893935

NTREIS logo

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