4300 County Road 4640
About This Property
The main living area features an open feel with soaring ceilings and warm architectural details, while the kitchen provides generous workspace and flows naturally into the heart of the home. The first-floor primary suite offers privacy and convenience, with additional bedrooms and a large upstairs game room providing plenty of space for family, guests, a home office or recreation.
Outside is where this property truly stands apart. Enjoy quiet mornings overlooking the pond, wide-open views from the porches and acreage with room for horses, livestock, recreation or future improvements. An oversized attached garage with roll-up doors offers excellent flexibility for vehicles, equipment, a workshop, storage or recreational toys.
Located outside the city limits with convenient access to SH-121, this property delivers the space and privacy of country living without sacrificing accessibility. Whether you're searching for a private homestead, hobby farm, weekend retreat or acreage property with room to create something truly unique, this one is ready for your vision.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Listed by Norvell & Co LLC | $600,000 | |
| Listed by Norvell & Co LLC | |||
| Mar 31, 2026 | No longer available | - | |
| No longer available | |||
| Oct 30, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 30, 2025 | Listed by Texan Team | $499,000 | |
| Listed by Texan Team | |||
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Venue vision or move right in a make this barndo, on 7.4 plus acres, you perfect piece of Texas. Location is important and you are in unincorporated Fannin County and minutes to State Highway 121, which is your route into Sherman, McKinney and DFW. The covered front porch overlooks the pond. while the back opens into a pasture bordered by a tree line which flows into a second pasture. With no Deed Restrictions, you will have options. Stepping inside, the focal point is the great room complete with timber stairs and railing leading to the massive game room in the loft, two upstairs bedrooms and a full bathroom. The primary bedroom, ensuite bathroom, a walk-in closet, laundry room large bedroom and half-bath are on the first floor. Additionally, an expansive kitchen, complete with dish washer, range and microwave, is directly off of the great room allowing for seamless entertainment and has a door leading to the back porch. The integral garage, has both front and rear roll-up doors, is approximately 16 foot high at the peak and able to handle all your vehicles, equipment and toys. The soil is desirable as the majority of the soil is Fairlie-Daloc, which is rated for intense farming. Wildlife abounds and the property is frequented by whitetail deer. Bring your horses, bring your chickens. With a little vision, this property may be positioned as an income producing opportunity. Information deemed reliable; however, Buyer should perform due diligence.
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| Jun 22, 2025 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
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About Fannin
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