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8050 Fm 118, Commerce, TX, 75428

$180,000

8.50 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
Year Built2021
MLS #20466158
Lot Size8.50 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 8050 Fm 118

8.5 Acres of Opportunity – Your Dream Home Awaits! This remarkable 8.5-acre property is a versatile canvas for your dream home. With 900 feet of frontage, you can choose to build one home or up to four. The land is surrounded by trees and features a charming pond. It's equipped with essential utilities, including water, electric, septic, and a driveway. H-braces for fencing are already in place. Come see where your future home could be!

Property Details

Property Features

Property Information:

  • Year Built: 2021

Listing Office:

  • Office Name: Competitive Edge Realty LLC
  • Office Phone: (214) 604-2477
  • Listing Agent: Hayman Shwan

Virtual/3D Tour

  • Virtual Tour: 8050 Fm 118

Virtual Tour

Lot Features

Lot Information:

  • Lot: Many Trees, Few Trees
  • Lot Size: 8.50 Acres

School Info

Assigned Schools Information:

  • Commerce High School, Public District Grades 9-12
  • Commerce Middle School, Public District Grades 6-10
  • Albert C Williams Elementary School, Public District Grades 3-5

Other

Directions Information:

  • Directions: From Highway 380, take 34 north to 224 north to 118 north. Property is on left. Follow GPS.

Price Information

Listing Price Info

Price Summary:

  • List Price: $180,000

Tax Information:

  • Annual Amount: $1,364
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Commerce, TX.

Med. List Price

$219K

Med. Price/SqFt

$132

Avg. Days On Market

58

# of Sold Homes

5

8050 Fm 118 vs Commerce

179 DAYS ON ROCKET

+121 Days

$180,000

-$39K Less

KEY TAKEAWAY

This property is $39K less than the Median List Price in Commerce, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20466158

Listing Office:

  • Office Name: Competitive Edge Realty LLC
  • Office Phone: (214) 604-2477
  • Listing Agent: Hayman Shwan

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 4/27/2024, 7:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,364$89,820
2020$1,364$65,890
2019$880$39,714
2018$880$38,490
2017$846$36,560

History based on county public records data.

Payment Calculator

$966

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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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

school-card-donut-1526442
2
/10
  • Albert C Williams Elementary School

  • 615 Culver St

  • 7.69 miles

  • Public District Grades 3-5

High School

school-card-donut-1526443
4
/10
  • Commerce High School

  • 3800 Sregit Dr

  • 5.32 miles

  • Public District Grades 9-12

school-card-donut-1526444
2
/10
  • Commerce Middle School

  • 606 Culver St

  • 7.48 miles

  • Public District Grades 6-10

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,504. Most Commerce, TX residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8050 Fm 118

What is the listing price of this property?

The listing price of 8050 Fm 118 property is $180,000.

What type of property is this?

The property 8050 Fm 118 is land located in Commerce, Texas, 75428.

Is this property for sale now?

Accepting Backup Offers: 8050 Fm 118 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 8050 Fm 118 are:
Albert C Williams Elementary School: GreatSchools Rating 2/10
Commerce High School: GreatSchools Rating 4/10
Commerce Middle School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,364 (source: MLS/based on county public records data).

How much acreage is this property?

The property 8050 Fm 118 is 8.50 acres.
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Rocket HomesTexasHunt CountyCommerce754288050 Fm 118

This home is located at 8050 Fm 118 in Commerce, TX and zip code 75428. This home, which was built in 2021, sits on a 8.50 acre lot. It has been listed on Rocket Homes since October 30, 2023 and is currently priced at $180,000.

Between February 2024 and March 2024, Commerce, TX real estate market has seen increase in the number of listings by 54.8%. While the average time on the market in March 2024 was 58 days, the median list price was $219,000.

From Rocket Homes Real Estate and based on county public records data.

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