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$625000   Price Analysis
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12362 County Road 331A
Terrell, TX 75161
7 bed 4 bath 5132 SqFt ($121/SqFt)
2.43 acre lot. Built 1980
Listed 2024-05-03, Taxes $4161
USDA Eligible
near Terrell, TX
 Restrictions may apply
due to home size

3 HOMES on 2.43 Acres 1 Price -Experience having a full service Covered RV Area

Barn, enormous SHOP with full Guest Quarters and 3 HOMES included on the privacy of your acreage. This sprawling multi family or income producing property on 2.43-acres in Able Springs is a rare find. The MOST OUTSTANDING detail of this magnificent proper ty includes a 1500 sq.ft. guest house retreat! Apartment above shop has a fully-equipped Kitchen, 2 BR, 1 BA, Bar and cabin style cozy.

The big lving is perfect for rental, parents or guests. Inside the main house, observe a step down living room with fireplace, kitchen, full laundry area, den, 3 BR , 1 BA and an abundance of natural light. 2nd home is a darling 750 sf and all are currently producing income with occupancy, see PNL on Transaction desk. 3rd Home is Manufactured Home occupied and income producing. DOCS AND PNL ARE IN MLS. NO HOA. INCOME PRODUCING OR MULTI GENERATIONAL.


Presented by Kim Johnson at
RE MAX Four Corners.
Listing Agent Photo

Property MLS #20607271 from NTREIS

Bedrooms: 7

Total Bathrooms: 4
Full Bathrooms: 4

Cooling Features: Central Air
Fireplace Features: Propane
Heating Features: Central
Number of Fireplaces: 1

Flooring: Combination

Water Body Name: Tawakoni

Acreage
Lot Description: 1 to < 3 Acres
Lot Size Acres: 2.43
Lot Size Square Feet: 105851

Attached Garage: Yes
Carport Spaces: 2
Covered Spaces: 2
Garage Spaces: 1
Parking Features: Additional Parking, Attached Carport, Boat, Carport, Garage, RV Access/Parking, RV Carport, Storage, Workshop in Garage
Garage Dimensions: 20 x 24

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 4

Elementary School: Kennedy
High School: Terrell
Middle School: Furlough
School District: Terrell ISD

J W Long Elementary School is a public elementary school located approximately 9.5 miles away.
directions icon Map directions

Terrell High School is a public high school located approximately 9.7 miles away.
directions icon Map directions

Herman Furlough Jr Middle School is a public middle school located approximately 11 miles away.
directions icon Map directions

Gross Income: 70200.00

Source Listing Status: Active
County: Kaufman
Directions: See GPS. EXCELLENT INVESTMENT OPPORTUNITY! Could be used as Multi Generational or Income Producing as Multi Family. It is a huge corner lot with 3 homes, 1 shop with Custom guest quarters upstairs 2 BR, 1 Bath, Kitchen, Living Room, Rv Covered area and Barn.
Source Property Type: Residential Income
Insurance Expense: 4040
Source Neighborhood: Ables Spgs West
Parcel Number: 18088
Postal Code Plus 4: 0316
Subdivision: Ables Spgs West
Property Subtype: Multiple Single Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$213928
$4161
2021$unknown + $unknown
$148455
$3019
2020$unknown + $unknown
$141504
$2964
2019$112460 + $8330
$120790
$2746
2018$109740 + $8330
$118070
$2865
2017$unknown + $unknown
$116907
$2837
2016$102090 + $8330
$110420
$2676
2015$103790 + $8330
$112120
$2532
2014$105490 + $8330
$113820
$2537
2013$107180 + $8330
$115510
$2353
2012$109040 + $8330
$117370
$2383
2011$unknown + $unknown
$119060
$2390
2010$unknown + $unknown
$120740
$2478
2008$unknown + $unknown
$127920
$2551
2007$unknown + $unknown
$129000
$2540

Listing removed 2024-05-03
$625000
NTREIS
Listing removed 2024-05-03
$625000
NTREIS
Listed 2024-05-03
$625000
NTREIS
Listed 2024-05-03
$625000
NTREIS
Listed 2023-09-15
$625000
NTREIS
Price Changed 2023-08-05
$625000
NTREIS
Listed 2023-07-27
$749999
NTREIS
Listing removed 2023-07-27
$749999
NTREIS
Price Changed 2023-06-28
$749999
NTREIS
Price Changed 2023-05-11
$799000
NTREIS
Price Changed 2023-03-03
$825000
NTREIS
Price Changed 2023-01-11
$889888
NTREIS
Listed 2022-10-08
$899888
NTREIS

Net Operating Income: 56160

Year Built: 1980
Building Area Total: 5132
Construction Materials: Construction: Board & Batten Siding, Frame, Metal Siding, Vinyl Siding, Wood
Foundation Details: Combination
Levels: One and One Half
Property Age: 44
Roof: Composition
Year Built Details: Preowned

Utilities: Aerobic Septic, All Weather Road
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.