NOT LISTED FOR SALE

16525 Farm Road 38 N Honey Grove, TX 75446

Estimated Value: $194,581 - $483,000

-- Bed
2 Baths
1,232 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 22, 2020

Current estimated payment $2,031/month

34 Days on Market

Highlights

  • Pasture
  • 1-Story Property
  • High Speed Internet
  • Chisum Middle School Rated A-
  • Central Heating and Cooling System

About This Home

As of October 2020

This is a great investment opportunity conveniently located on highway 38 N just 4 miles south of Tiger Town. It's 4.4 acres with 2 rental properties. One 925 sq. ft. brick house built in 1998 and the other property is a 1,232 sq. ft. manufactured home built in 2007. Property has 1 current renter and usually stays rented. The houses will be sold as is.

Last Agent to Sell the Property

Amy Patrick

FanninLand Realty License #0691647 Listed on: 08/19/2020

Last Buyer's Agent

Amy Patrick

FanninLand Realty License #0691647 Listed on: 08/19/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,386

Year Built

  • Built in 2007

Lot Details

  • 4.48 Acre Lot
  • Subdivision Possible

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 1,232 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Car Garage
  • Front Facing Garage

Schools

  • Chisum Elementary And Middle School
  • Chisum High School

Farming

  • Pasture

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Septic Tank
  • High Speed Internet

Community Details

  • 2 Units
  • 1,232 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 402632
  • $1,318 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,386

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: Yes
  • Will Subdivide: Yes
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 112.01299
  • Special Features: None
  • Year Built: 2007

Interior Features

  • Square Footage: 1232.00
  • Interior Amenities: High Speed Internet Available
  • Appliances: None

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Metal
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 2
  • Parking Features: Garage Faces Front
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: All Weather Road, MUD Water, Septic

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Chisum ISD
  • Elementary School: Chisum
  • Middle School: Chisum
  • High School: Chisum
  • School District: Chisum ISD
  • Elementary School: Chisum
  • High School: Chisum

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Pasture
  • Lot Size Units: Acres
  • Lot Size Area: 4.4760
  • Parcel Number: 402632
  • Lot Size Acres: 4.4760
  • Lot Size Sq Ft: 194974.5600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2007
  • Units Total: 2

Tax Info

  • Unexempt Taxes: 1318

Multi Family

  • Unit Count: 1

MLS Schools

  • MiddleOrJuniorSchool: Chisum
  • Middle School Name: Chisum
  • Elementary School Name: Chisum
  • High School Name: Chisum

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2025
Sold by
Bell Christy Janay
Bought by
Long Jennifer and Long Thomas J
Current Estimated Value
$338,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,850
Outstanding Balance
$31,478
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$296,453

Purchase Details

Closed on
Nov 30, 2023
Sold by
Mock Robert Joseph
Bought by
Moreland Randi

Purchase Details

Listed on
Aug 19, 2020
Closed on
Oct 22, 2020
Sold by
Hill Jeffery and Hill Kristy
Bought by
Mock Robert
Seller's Agent
Amy Patrick
FanninLand Realty
Buyer's Agent
Amy Patrick
FanninLand Realty
List Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.46%

Purchase Details

Closed on
May 10, 2018
Sold by
Adams George H
Bought by
Hill Jeffery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,501
Interest Rate
4.44%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Long Jennifer -- None Listed On Document
Moreland Randi -- None Listed On Document
Mock Robert -- None Available
Hill Jeffery -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Jennifer $31,850
Previous Owner Hill Jeffery $45,501
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2020 10/22/20 Sold -- -- --
09/22/2020 09/22/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $150,000 -- $122 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,386 $164,450 $58,130 $106,320
2023 $3,283 $214,060 $75,040 $139,020
2022 $1,531 $99,930 $39,520 $60,410
2021 $1,474 $91,020 $39,520 $51,500
2020 $1,478 $90,800 $39,520 $51,280
2019 $1,383 $80,930 $39,520 $41,410
2018 $1,285 $74,950 $36,590 $38,360
2017 $1,511 $82,560 $23,980 $58,580
2016 $1,365 $82,560 $23,980 $58,580
2015 -- $72,010 $16,100 $55,910
2014 -- $72,010 $16,100 $55,910
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Amy Patrick

    FanninLand Realty

    (903) 227-0168

    78 Total Sales

    Amy Patrick
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14417769

North Texas Real Estate Information Systems (NTREIS)

APN: 402632

Texas Lamar County Honey Grove 75446

16525 Farm Road 38 N, Honey Grove, TX

This home is located at 16525 Farm Road 38 N, Honey Grove, TX 75446 since 19 August 2020 and is currently estimated at $338,791, approximately $274 per square foot. This property was built in 2007. 16525 Farm Road 38 N is a home located in Lamar County with nearby schools including Chisum Elementary School, Chisum Middle School, and Chisum High School.

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