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Fannin 75452
1662 County Road 5035
$225,000
● House - Off Market

1662 County Road 5035

Leonard, TX 75452
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$1,105
Est. Monthly

About This Property

Welcome to 1662 CR 5035 where you'll find maximum seclusion and endless possibilities. This property boasts more than 8 beautiful acres with multiple trails to explore under the vast canopy of mature trees and absolutely NO known restrictions. The heart of the property has a roundabout for easy access and wide open cleared land ready to make your dreams a reality! Bear Creek runs along nearly the entire perimeter of the property adding incredible character and value. Two dwellings on the property incomplete and in need of repair, but ready for your finishing touches. This one is a must see. Schedule your showing today!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
8.24 acres
Price per sqft
$188
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2011

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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: 11 months ago (NTREIS #21069446)

Price History

Date / Event Date Event Price
Dec 2, 2025 Sold
Premium
Sold
Oct 29, 2025 In contract -
In contract
Oct 10, 2025 Price Decreased $225,000
↓ $20K (8.2%)
Price Decreased
Sep 25, 2025 Listed by Real Broker, LLC $245,000
Listed by Real Broker, LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 33
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 359,109
  • Total Building Area: 400
  • Building Area: 400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000008244
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: A1087 J SAUNDERS, ACRES 8.244, VLB #106160

Neighborhood

  • School District Name: Leonard Independent School District
  • Census Tract: 950701

Geography

  • Account Number: 1087-003-0050-02
  • Parcel: 84354
  • Municipality: LEONARD
  • Latitude: 33.3544
  • Longitude: -96.3079

    Address

  • Full Address: 1662 County Road 5035
  • Address - House Number: 1662
  • Address - Street Name: County Road 5035
  • State: TX
  • City Name: Leonard
  • Carrier Code: R002
  • 4-Digit Zip Code: 3642
  • Zip Code: 75452

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $261,438
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: GFA SLI

    Appraisal Valuation

  • Standard Deviation: 0.2713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 223,753
  • High Value: 284,472
  • Low Value: 163,034

    Market Valuation

  • Market Total Value: $259,390
  • Market Land Value: $192,180
  • Market Improvement Value: $67,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $259,390
  • Assessed Land Value: $192,180
  • Assessed Improvements Value: $67,210

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Fannin

Stats & Trends

Median Asking:

$299,999

Sale Price/ft²

$181

Below Asking

0.04%

Average Days on Market

92

Average Home Size

1916 ft²

Average Home Age

37.9 years

Currently For Sale

304 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: Alex Noland, Real Broker, LLC
Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 21069446
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1662 County Rd 5035 built and last sold?
The property at 1662 County Rd 5035 was built in 2011 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1662 County Rd 5035 is $0.
What are some comparable homes to 1662 County Rd 5035?
There are currently no comparable homes to 1662 County Rd 5035.
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