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π Tolar, TX 76476 π‘ Modern Farmhouse + Adjacent Corner Lot with Business Potential ποΈ 3 Beds | π 3 Baths | π 2,045 sq ft + ποΈ Refurbished Mobile Home on 0.7 acres π³ Total Lot Size: ~2.46 acres across two adjoining parcels π§Ύ Annual Property Taxes: ~$6,024 π« No HOA π₯ EMD: $9,750 (1% of purchase price) π° Total Purchase Price: $975,000 β’ Parcel 1: $725,000 (Main house on 1.76 acres) β’ Parcel 2: $250,000 (0.7-acre commercial frontage w/ mobile home, shop, chicken house) πΈ Seller Financing Terms β’ π΅ Down Payment: $195,000 (20%) β’ π° Interest Rate: 3% β’ π Amortization: 30 Years β’ β³ Balloon Term: 10 Years π Estimated Entry Cost β’ π΅ Down Payment: $195,000 β’ π₯ Entry Fee: $5,000 (not included in sale price) β’ π§Ύ Estimated Closing Costs: ~$10,000 β‘οΈ Total Entry Cost: ~$210,000 π§Ύ Estimated Monthly Costs (Excluding Principal) β’ π§Ύ Property Taxes: ~$502/month β’ π Insurance: ~$233/month β‘οΈ Total Est. Monthly Cost (Taxes + Insurance): ~$735/month π΅ Estimated Monthly P&I β’ Loan Amount: $780,000 β’ Monthly P&I @ 3%: ~$3,290/month β‘οΈ Estimated Total PITI: ~$4,025/month π·οΈ Highlights β Fully updated modern farmhouse w/ knotty alder cabinets, wood floors, fireplace β Refurbished mobile home on commercial frontage β Hwy 51/56 visibility β perfect for Airbnb, business, or guest suite β Fenced, well water, metal barn/shop, RV hookup, generator-ready β No HOA β flexible residential + commercial use π Exit Strategies β’ LTR on both units (farmhouse + mobile) β’ STR/MTR business + home office setup β’ Live in one, rent the other β’ Launch business on corner lot + residence behind β’ Long-term hold or refi & cash-out π² DM for walk-through, rent comps, or full financials π Seller financing on a dual-income property with prime visibility and rural charm Hi Christine Here are the full details for the Tolar, TX property ποΈ Bedrooms/Bathrooms: β’ Main Home: 3 Bed / 3 Bath β’ Refurbished Mobile Home: Studio-style layout with full bath π° Asking Price: β’ Total: $975,000 β’ $725,000 (Main House on 1.76 acres) β’ $250,000 (0.7-acre Corner Lot w/ Mobile Home + Shop) π΅ Down Payment Needed: β’ $195,000 (20%) + β’ Entry Fee: $5,000 β’ Estimated Closing Costs: ~$10,000 β‘οΈ Total Entry Cost: ~$210,000 πΈ Funding Type: β’ Seller Financing β’ 3% Interest β’ 30-Year Amortization β’ 10-Year Balloon β’ No Bank Approval Needed π Square Footage: β’ Main House: ~2,045 sq ft β’ Total Lot Size: ~2.46 acres (2 parcels) π§ Condition: β’ Main Home: Fully updated β knotty alder cabinets, wood floors, fireplace, modern finishes β’ Mobile Home: Refurbished, move-in ready, sits on commercial frontage with business/shop potential β Additional Features: β’ Shop, chicken house, fencing, well water, RV hookup, generator-ready β’ High-visibility corner on Hwy 51/56 β’ Dual-income or live/work setup β’ No HOA β residential & commercial allowed Let me know if you'd like: Ben Allgear Casa TX
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