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Navarro 75109
1010 Rainbow Lane
Photo of 1010 Rainbow Lane
Sold on Jun 26, 2026

1

Map

$175,000
● Land - Off Market

1010 Rainbow Lane

Corsicana, TX 75109
bedrooms
Studio
bathrooms
0 Bath
$1,046
Est. Monthly
$113
HOA / Fees

About This Property

Rare opportunity to own 10 beautiful acres in the desirable Bluffview Lake Estates community near Richland Chambers Lake. This property features a private pond, scenic views, mature trees, and plenty of space to build your dream home, or weekend retreat. Enjoy the peace and privacy of country living while still having convenient access to Corsicana, Highway 287, and Richland Chambers Reservoir. Community amenities include private lake access and boat ramp access, with deed restrictions in place to help protect long-term property values. Utilities available nearby with plenty of room for a shop, outdoor entertaining area, or recreational use
Unit Size
-
Days on Market
-
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$113
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (NTREIS #21266300)

Price History

Date / Event Date Event Price
Jun 26, 2026 Sold
Premium
Sold
May 29, 2026 In contract -
In contract
May 11, 2026 Listed by eXp Realty, LLC Waco $190,000
Listed by eXp Realty, LLC Waco

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BLUFFVIEW
  • Land Acres: 0000010000
  • Standard Land Use Code: 8000
  • County Land Use Code: C4
  • Legal Description 1: B0426 BLUFFVIEW PHASE II LOT 57-R 10.0 ACRES

Neighborhood

  • School District Name: Mildred Independent School District
  • School Tax School District: SMI
  • Census Tract: 970701

Geography

  • Account Number: B0426.00.00570.00R.00.0
  • Parcel: 86923
  • Lot: 57-R
  • Municipality: CORSICANA
  • Latitude: 32.0622
  • Longitude: -96.3386

    Address

  • Full Address: 1010 Rainbow Ln
  • Address - House Number: 1010
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Corsicana
  • Carrier Code: R006
  • 4-Digit Zip Code: 0787
  • Zip Code: 75109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $183,972
  • Tax Rate Code Area: GNV JCN NF

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $120,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,000
  • Assessed Land Value: $120,000

    Sales

  • Current Sale Contract Date: Mar 18, 2020
  • Current Sale Recording Date: Mar 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00002437
  • Previous Sale Recording Date: Nov 02, 2017
  • Previous Sale Contract Date: Oct 17, 2017
  • Previous Sale Amount: $101,300
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Navarro

Stats & Trends

Median Asking:

$262,450

Sale Price/ft²

$161

Below Asking

0.04%

Average Days on Market

77

Average Home Size

2155 ft²

Average Home Age

40.8 years

Currently For Sale

270 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Shauna Ortiz, eXp Realty, LLC Waco
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21266300
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1010 Rainbow Lane built and last sold?
The property at 1010 Rainbow Lane was built in and last sold on Mar 18, 2020 for $63,800.
How much is this home worth?
The estimated value of the home located at 1010 Rainbow Lane is $191,900.
What are some comparable homes to 1010 Rainbow Lane?
There are currently no comparable homes to 1010 Rainbow Lane.
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