NOT LISTED FOR SALE

5645 Fm 512 Commerce, TX 75428

Estimated Value: $203,888 - $297,000

10 Acres
$25,630 Price per Acre
435,600 Sq Ft Lot

Last Sold February 28, 2023

Current estimated payment $1,382/month

97 Days on Market

Highlights

  • Agricultural Exemption
  • Level Lot
  • Crops

About This Lot

As of February 2023

Great property with plenty of road frontage. 10 acres of flat land currently used for wheat adjacent to FM 512 with great access. Up to 2 additional acres available priced at $16,500 per acre. Land is part of larger 23.3 acre tract that will be replatted per executed contract. Approximately 6.7 miles west the Texas A&M Commerce. Land is close to Intersection of FM 512, FM 118, and CR 4505. Areas depicting land sizes are estimates.

Last Agent to Sell the Property

William Lane

Castle Lane Realty License #0497883 Listed on: 10/15/2022

Last Buyer's Agent

William Lane

Castle Lane Realty License #0497883 Listed on: 10/15/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $323

Year Built

  • Built in 2003

Lot Details

  • 10 Acre Lot
  • Property fronts a county road
  • Level Lot
  • Undivided Lot
  • Subdivision Possible
  • Zoning described as Rural

Schools

  • Commerce Elementary And Middle School
  • Commerce High School

Farming

  • Crops
  • Agricultural Exemption

Community Details

  • Kinman Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28524
  • $1,462 per year unexempt tax

Property Details

Property Type

Land

Est. Annual Taxes

$323

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Restrictions: None
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: Yes
  • Agricultural Exemption YN: Yes
  • Attribution Contact: 214-253-9939
  • Special Features: None

Exterior Features

  • Easements: Electric
  • Fencing: None
  • Cultivated Acreage: 10.00
  • Soil Type: Black
  • RoadFrontageType: County Road, FM Road
  • RoadSurfaceType: Asphalt

Utilities

  • Utilities: City Water, Electricity Available

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Other

Schools

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

Lot Info

  • Lot Size: 10 to < 50 Acres
  • Lot Features: Acreage, Level, Undivided
  • Lot Size Units: Acres
  • Lot Size Area: 10.0000
  • Parcel Number: 28524
  • Lot Size Acres: 10.0000
  • Lot Size Sq Ft: 435600.0000
  • Zoning Description: Rural
  • Possible Use: Agricultural, Highway/Tourist Service, Horses, Investment, Livestock, Manufactured Home, Mobile Home, Orchards/Vineyards, Pasture, Ranch, Residential, Other
  • Present Use: Agricultural, Crops, Manufactured Home

Building Info

  • Year Built: 2003

Tax Info

  • Unexempt Taxes: 1462

MLS Schools

  • Middle School Name: Commerce
  • Elementary School Name: Commerce
  • High School Name: Commerce

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2022
Closed on
Feb 28, 2023
Sold by
Samora David Daniel
Bought by
Garcia Jose Cruz and Castorena Juana Luevano
Seller's Agent
William Lane
Castle Lane Realty
Buyer's Agent
William Lane
Castle Lane Realty
List Price
$195,000
Views
47
Current Estimated Value
$256,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.82%
Original Mortgage
$140,000
Outstanding Balance
$135,621
Interest Rate
6.15%
Mortgage Type
Seller Take Back
Estimated Equity
$120,675

Purchase Details

Closed on
Jun 8, 2006
Sold by
Killip Walt M and Killip Cynthia
Bought by
Sonnier April
Source: Public Records

Range of Values:

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Average Value
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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
Garcia Jose Cruz -- Independence Title
Sonnier April -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Jose Cruz $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold -- -- --
01/20/2023 01/20/23 Pending -- -- --
01/16/2023 01/16/23 Price Changed $170,000 -12.8% --
10/15/2022 10/15/22 For Sale $195,000 -- --
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
2025 $323 $96,590 -- --
2024 $323 $87,752 -- --
2023 $323 $79,769 $0 $0
2022 $1,491 $74,090 $0 $0
2021 $1,398 $67,530 $4,580 $62,950
2020 $1,603 $73,490 $4,560 $68,930
2019 $1,612 $80,810 $4,560 $76,250
2018 $1,487 $83,580 $3,960 $79,620
2017 $1,346 $58,530 $3,800 $54,730
2016 $1,402 $60,980 $3,580 $57,400
2015 $1,463 $63,400 $3,320 $60,080
2014 $1,463 $71,140 $3,170 $67,970
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    William Lane

    Castle Lane Realty

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20187278

North Texas Real Estate Information Systems (NTREIS)

APN: 28524

Texas Hunt County Commerce 75428

5645 Fm 512, Commerce, TX

This home is located at 5645 Fm 512, Commerce, TX 75428 since 15 October 2022 and is currently estimated at $256,296. This property was built in 2003. 5645 Fm 512 is a home located in Hunt County with nearby schools including Commerce Elementary School, Albert C Williams Elementary School, and Commerce Middle School.

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