459 County Road 427
About This Property
Inside, the spacious living area is full of character with a vaulted ceiling, exposed wood beams and a floor-to-ceiling brick fireplace that serves as the focal point of the room. Large windows and sliding doors bring in natural light and provide easy access to the outdoor areas. The kitchen features abundant cabinetry, generous counter space and double ovens, while an adjoining utility area adds everyday convenience.
The home's layout includes three bedrooms and two baths along with an attached 1-car garage.
Outside, multiple patio areas provide space to relax and enjoy the surrounding countryside.
The acreage is what truly sets this property apart. A mix of open land and wooded areas provides versatility for a variety of uses, while the stock tank adds to the property's rural appeal.
Whether you're looking for room for animals, recreation, agricultural use or simply more space and privacy, the approximately 15.4 acres provide plenty of possibilities.
Located in Falls County, 459 CR 427 combines a Lorena address with the space and peaceful setting of country living. Come explore the land, enjoy the surroundings and imagine what you could make of this unique Central Texas property.
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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 9, 2026 | Sold | ||
| Sold | |||
| Aug 10, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Listed by Graceland Real Estate | $365,000 | |
| Listed by Graceland Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017