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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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7040 County Road 131b , Terrell, TX 75161
$400,000
Est. Payment: $2,059.37/mo
1 Bed
1 Bath
800 Sqft
Status: active | Days on site: 168
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Experience peaceful country living with the convenience of nearby amenities in this inviting 800 sq ft, 1-bedroom, 1-bathroom home situated on a beautiful 5-acre tract just outside Terrell in the College Mound community. This property offers the perfect blend of comfort, privacy, and usable land, making it ideal for anyone seeking a quiet retreat, a starter home, or a manageable homestead. The home features an efficient layout with a cozy living area, functional kitchen, and a comfortable bedroom and bath. With plenty of windows to bring in natural light and provide relaxing views of the surrounding acreage. Whether you’re looking to downsize, invest, or enjoy a simpler lifestyle, this home delivers practical living with room to grow. Outdoors, the property truly shines. A covered RV parking area with an attached porch and hook-ups installed provides excellent protection for your recreational vehicle, additional storage, or a shaded space to relax and enjoy the open land. With five acres to work with, there’s ample room for livestock, gardening, expansion, or future building projects. The land offers a peaceful setting with plenty of possibilities for customization. Located just minutes from Terrell’s shopping, dining, and major highways, this property provides the serenity of rural living without sacrificing convenience. Opportunities like this—manageable acreage with a move-in-ready home and RV accommodations don't come along every day -- A great chance to own land, enjoy privacy, and create the lifestyle you’ve been looking for.

Highlights

Listed by Roland Davis , RE/MAX Landmark Rose , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
5

Year Built

2023

County

Kaufman

Neighborhood

College Mound Acres

School District

Terrell ISD

Listing ID

21203139

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:1
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:
Floor:Luxury Vinyl Plank
Other:
  • Additional:Chandelier, Granite Counters, Open Floorplan, Paneling, Pantry, Master on Main

Exterior Features

Lot:Acreage,5 to < 10 Acres
Lot Dimensions:304x636
Roof:Metal
Others:
  • Additional:Preowned
Parking Features:Additional Parking,Private,RV Carport,RV Garage,Secured
Principal Interest
$2,059
Taxes
$427

Home Price

$400,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$80,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,059.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,059.37 $426.58 $0.00 $2,485.96
Yearly $24,712.48 $5,119.00 $0.00 $29,831.48
Total $741,374.54 $153,570.00 $0.00 $894,944.54

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Terrell, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

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