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General Description
minimizeThe perfect property for investors or anyone looking for a comfortable home with an income-generating opportunity. Situated on a 1-acre lot, this property offers an ideal blend of residential and rental spaces. You have the main home which 2514 sq ft 4 bed, 2.5 bath and 3 separate barn dominiums, each leased out and generating a monthly rent. Each barn dominium offers living space of 625 sq ft, including a spacious bedroom, bathroom, fully equipped kitchen and living room. The barn dominiums present a greater income potential as lease renewals come up. In addition to the barn dominiums, there is an RV hook-up on the property, generating an additional $450 per month. Only county taxes apply, making it an attractive investment opportunity. Whether you choose to live in the main residence and collect rent from the barn dominiums or purchase the property as an investment, this versatile property offers multiple income streams and the potential for long-term financial stability.
Rooms/Lot Dimensions
Interior Features
Exterior Features
Additional Information
Source
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $161.58 | $406,869 | 26.16% | $406,869 | 26.16% |
| 2022 | $128.08 | $322,497 | 26.12% | $322,497 | 26.12% |
| 2021 | $101.55 | $255,709 | -4.59% | $255,709 | -1.04% |
| 2020 | $106.43 | $267,999 | -3.66% | $258,390 | 10.00% |
| 2019 | $110.48 | $278,182 | 30.27% | $234,900 | 10.00% |
| 2018 | $84.81 | $213,545 | -6.82% | $213,545 | 8.94% |
| 2017 | $91.01 | $229,168 | 41.46% | $196,020 | 21.00% |
| 2016 | $64.34 | $162,000 | 0.00% | $162,000 | 0.00% |
| 2015 | $64.34 | $162,000 | 0.00% | $162,000 | 0.00% |
| 2014 | $64.34 | $162,000 | 0.00% | $162,000 | 0.00% |
| 2013 | $64.34 | $162,000 | 0.19% | $162,000 | 0.19% |
| 2012 | $64.22 | $161,700 | $161,700 |
2023 Tarrant County Appraisal District Tax Value
| Market Land Value: | $97,400 |
| Market Improvement Value: | $309,469 |
| Total Market Value: | $406,869 |
2023 Tax Rates
| TARRANT COUNTY: | 0.1945 % |
| ISD - MANSFIELD: | 1.1492 % |
| TARRANT COUNTY HOSP DIST: | 0.1945 % |
| TARRANT COUNTY COLLEGE DIST: | 0.1122 % |
| TC EMERGENCY SERVICES DIST: | 0.0733 % |
| Total Tax Rate: | 1.7237 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 3,055 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 584 |
| Home Owners Insurance | Get a Quote |
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Schools (provided by Listing Agent)
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Property Map
minimize4707 E Fm 1187 Burleson TX 76028 was recently sold. It is a 1.06 Acre(s) Lot, 2,518 SQFT, 4 Beds, 2 Full Bath(s) & 1 Half Bath(s) in None.
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