Summary: Rex's Retreat is a remarkable recreational and investment property in Robertson County, offering a picturesque landscape with rolling terrain, expansive pastures, diverse wildlife, excellent habitat, and existing utilities. It stands out as an exceptional property catering to a wide range of land buyers. Terrain & Land: Pastures adorned with improved grasses, ideal for supporting a cattle herd. These pastures are cultivated for round bales multiple times each year. The rolling topography lends the property a sense of spaciousness. A tranquil pond is nestled within a pocket of trees, providing shade for cattle and a thriving habitat for wildlife. Frontage along FM 1940, with a well-maintained dedicated entrance. The fencing along the road is in excellent condition, while the rear of the property is enclosed by high-quality fencing. Utilities, including electrical service and an active water meter. Hunting Cabin/Home: The modest home on the property
Property Details
Property Features
Property Information:
Year Built: 1940
Listing Office:
Office Name: Capitol Ranch Real Estate
Office Phone: (855) 968-1200
Listing Agent: Colton Harbert
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Lot Features
Lot Information:
Lot Size: 25.52 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Other
School Info
Assigned Schools Information:
Franklin High School, Public District Grades 9-12
Franklin Middle School, Public District Grades 6-8
Roland Reynolds Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From New Baden, travel East 2.5 miles. Property is on the North side of the road.
Price Information
Listing Price Info
Price Summary:
List Price: $399,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Franklin, TX.
This property is $16K less than the Median Sold Price in Franklin, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: HAR
MLS Number: #88804171
Listing Office:
Office Name: Capitol Ranch Real Estate
Office Phone: (855) 968-1200
Listing Agent: Colton Harbert
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
Last updated on: 10/31/2024, 7:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,059
Per Month
Principal & Interest
$1,992
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,263
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Roland Reynolds Elementary School
317 North Owensville
Distance between this listing and this school5.46 miles
Public District Grades PK-5
Middle School
8
/10
Franklin Middle School
1098 West Decherd St
Distance between this listing and this school6.50 miles
Public District Grades 6-8
High School
7
/10
Franklin High School
1252 Fm 1644
Distance between this listing and this school6.58 miles
Public District Grades 9-12
Assigned Schools
9
/10
Roland Reynolds Elementary School
317 North Owensville
Distance between this listing and this school5.46 miles
Public District Grades PK-5
Nearby Schools
5
/10
Normangee Elementary School
116 Spur Three
Distance between this listing and this school16.29 miles
Public District Grades PK-5
4
/10
Hearne Elementary School
1210 Hackberry St
Distance between this listing and this school17.40 miles
Public District Grades PK-6
Assigned Schools
8
/10
Franklin Middle School
1098 West Decherd St
Distance between this listing and this school6.50 miles
Public District Grades 6-8
Nearby Schools
5
/10
Normangee Middle School
116 Spur 3
Distance between this listing and this school16.22 miles
Public District Grades 6-8
2
/10
Hearne Jr High School
1201 W Brown St
Distance between this listing and this school17.49 miles
Public District Grades 7-8
Assigned Schools
7
/10
Franklin High School
1252 Fm 1644
Distance between this listing and this school6.58 miles
Public District Grades 9-12
Nearby Schools
7
/10
Normangee High School
116 Spur 3
Distance between this listing and this school16.22 miles
Public District Grades 9-12
2
/10
Calvert School
310 Hickory St
Distance between this listing and this school16.72 miles
The neighbors living near this home have an average income of $67,478. The most common annual income of people living in Franklin, TX is between $35k-100k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2531 Fm 1940
What is the listing price of this property?
The listing price of 2531 Fm 1940 property is $399,000.
What type of property is this?
The property 2531 Fm 1940 is land located in Franklin, Texas, 77856.
Is this property for sale now?
Active Listing: 2531 Fm 1940 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2531 Fm 1940 are: Roland Reynolds Elementary School: GreatSchools Rating 9/10Franklin Middle School: GreatSchools Rating 8/10Franklin High School: GreatSchools Rating 7/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2531 Fm 1940 in Franklin, TX and zip code 77856. This home, which was built in 1940, sits on a 25.52 acre lot. It has been listed on Rocket Homes since September 11, 2023 and is currently priced at $399,000.
In September 2024 more than 0 listings in Franklin, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below. The number of listings in Franklin, TX increased by 43.8% between August 2024 and September 2024. Listings spent 10 days on the market in September 2024, and had a median list price of $415,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.