2017 CR 252
About This Property
Discover the perfect blend of rural living and untapped potential with this 36.78-acre property in Rising Star, Texas. Ideal for farming, ranching, homesteading, or simply escaping to the countryside, this property offers a rare opportunity to create your dream setup.
Key Features:
Two Living Quarters:
Main Home: 2 bedrooms, 2.5 bathrooms, approximately 1,500 sq. ft., awaiting your finishing touches.
Mother-In-Law Suite: 1 bedroom, 1 bathroom, with a screened-in porch, approximately 640 sq. ft. (incomplete construction)
Utilities & Infrastructure:
A water well has been drilled and is ready for a pump installation.
Electricity will need to be extended to each residence.
Partially fenced for added versatility.
The Land:
Coastal and Tipton hay fields ready for agricultural use.
Unrestricted acreage with stunning views of the surrounding countryside.
Abundant deer and wildlife, perfect for nature enthusiasts or hunting.
Previously used for sheep grazing, with endless possibilities for livestock or farming ventures.
Whether you're looking to establish a ranch, start a homestead, or enjoy serene rural living, this property offers a blank canvas with immense potential. Its unrestricted status gives you the freedom to bring your vision to life.
Don't miss this chance to own a slice of Texas paradise with breathtaking views and room to grow!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2025 | Sold | ||
| Sold | |||
| Jun 30, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$325,000
↓ $9K
(2.6%) | |
| Price Decreased | |||
| Jan 6, 2025 | Listed by ARMSTRONG REAL ESTATE | $333,500 | |
| Listed by ARMSTRONG REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017