Tolar, TX, 76476, Tolar, TX, 76476

Description

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