$5,852,000
SOLD JUN 27, 2025
Last list price

7540 Fm 389 Fayetteville, TX 78940

-- Bed
-- Bath
1,700 Sq Ft
209.45 Acres

Recently Sold

$3,442 Per Sq Ft

36 Days on Market

Highlights

  • Horse Property Unimproved
  • 209.45 Acre Lot
  • No Heating
  • Round Top-Carmine Elementary School Rated A

About This Home

As of June 2025

Fayette County, just south of Warrenton and Round Top, Texas. Excellent location on paved farm to market road 389. Good rolling terrain with open pastures and woods. Several good ponds on the property and two wells. Currently used as a cattle operation.

Could be a perfect location for a golf course or subdivide for an addition to the Round Top area. The home is very old and not usable. It could possibly be renovated. Two barns and a good road into the property. Owner believes they own 100% of the mineral estate and will convey all owned minerals with the sale.

Last Agent to Sell the Property

Rick Doak

Compass RE Texas, LLC - Houston License #0564788 Listed on: 04/02/2025

Compass RE Texas, LLC - Houston

Last Buyer's Agent

Justin Walker

Landed I, LTD License #0698228

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,805

Lot Details

  • 209.45 Acre Lot
  • Dirt Road

Home Design

  • 1,700 Sq Ft Home

Schools

  • Round Top-Carmine Elementary School
  • Round Top-Carmine High Middle School
  • Round Top-Carmine High School

Horse Facilities and Amenities

  • Horse Property Unimproved

Utilities

  • No Cooling
  • No Heating
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,805

Lot Details

0

Listing Details

  • Directions: From TX-159 E/W Main St, turn left onto FM954. Approx 3.3 miles turn right onto FM389 E. Drive approx 2.4 mi to 7540 FM 389, Round Top, TX 78940
  • Property Sub Type: Detached
  • Prop. Type: Farm
  • Lot Size Acres: 209.45
  • Road Frontage Type: Farm to Market Road
  • Road Surface Type: Dirt, Gravel
  • Subdivision Name: N/A
  • Garage Yn: No
  • New Construction: No
  • Structure Type: House
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Agricultural, Cattle, Horses, Ranch
  • Living Area: 1700.0

Exterior Features

  • Disclosures: Seller Disclosure
  • Pool Private: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: Septic Tank

Schools

  • Elementary School: ROUND TOP-CARMINE ELEMENTARY SCHOOL
  • Junior High Dist: 206 - Round Top-Carmine
  • High School: ROUND TOP-CARMINE HIGH SCHOOL
  • Middle Or Junior School: ROUND TOP-CARMINE HIGH SCHOOL

Lot Info

  • Horse Amenities: Horses Allowed

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1805.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2025
Closed on
Jun 26, 2025
Sold by
Lewis Russell James and Lewis Diane Borton
Bought by
Perez Property Holdings Llc
Seller's Agent
Rick Doak
Compass RE Texas, LLC - Houston
Buyer's Agent
Justin Walker
Landed I, LTD
List Price
$5,852,000
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
136.94%
Original Mortgage
$4,180,000
Outstanding Balance
$4,180,000
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,526,225

Purchase Details

Closed on
Oct 29, 2010
Sold by
Millsap Loraine E
Bought by
Russell James Lewis
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 Type Sale Price Title Company
Deed -- Bluebonnet Abstract & Title
Gift Deed -- None Available
Gift Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,180,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold -- -- --
05/08/2025 05/08/25 Pending -- -- --
04/02/2025 04/02/25 For Sale $5,852,000 -- $3,442 / Sq Ft
Source: Houston Association of REALTORS®

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 $1,805 $5,354,430 $5,236,260 $118,170
2023 $1,672 $140,170 $0 $0
2022 $1,653 $120,120 $0 $0
2021 $1,636 $0 $0 $0
2020 $1,610 $0 $0 $0
2019 $1,588 $0 $0 $0
2018 $1,609 $0 $0 $0
2017 -- $1,585,550 $1,518,510 $67,040
2016 $1,398 $1,426,760 $1,361,420 $65,340
2015 -- $1,110,890 $1,047,260 $63,630
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    Rick Doak

    Compass RE Texas, LLC - Houston

  • J

    Buyer's Agent in 2025

    Justin Walker

    Landed I, LTD

See All Agents

Map

Source: Houston Association of REALTORS®

MLS Number: 24345374

Houston Association of REALTORS®

APN: R39834

Texas Fayette County Fayetteville 78940

7540 Fm 389, Fayetteville, TX

This home is located at 7540 Fm 389, Fayetteville, TX 78940 and is currently estimated at $5,852,000, approximately $3,442 per square foot. 7540 Fm 389 is a home located in Fayette County with nearby schools including Round Top-Carmine Elementary School and Round Top-Carmine High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Houston Association of REALTORS® Copyright 2025, Houston REALTORS® Information Service, Inc.
The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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