5 months on rocket

16420 Fm 3062, Malakoff, TX, 75148

$385,000

24.81 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
ParkingBoat, RV Access/Parking
HeatingOther
CoolingOther
MLS #20671641
Lot Size24.81 Acres
StatusActive

About 16420 Fm 3062

24.81 acres in Malakoff, Texas with 30x40 shop, 12x16 cabin, and two RV Hook ups ready to build your dream home or great opportunity for an investor to subdivide and build many homes. Survey, restrictions and base for roads already in place for a development to start. Minutes from Cedar Creek Lake and only 20 minutes from Richland Chambers - two of Texas' larger lakes great for watersports and fishing. Adjacent to Tarrant Regional water district land with an abundance of wildlife and privacy. Minimal Taxes with Wildlife Tax Exemption in place starting 2025 until 2030. Shop is insulated with two bay doors with Mini Split HVAC system and completed bathroom with full size tile shower. Well water services shop, cabin and RV’s. Two 500 gal holding tanks. Restricted to site-built homes with 1800 sq ft HVAC space required with two car attached enclosed garage. Survey and restrictions available upon request.

Property Details

Property Features

Listing Office:

  • Office Name: Ebby Halliday Realtors
  • Office Phone: (903) 340-8590
  • Listing Agent: Emily Sparks

Exterior Features

Exterior Information:

  • Exterior: Private Entrance, RV Hookup

Parking Information:

  • Parking: Boat, RV Access/Parking

Virtual/3D Tour

  • Virtual Tour: 16420 Fm 3062
Virtual Tour

Lot Features

Lot Information:

  • Lot: Many Trees
  • Lot Size: 24.81 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: From HWY 198 S, Turn R @ FM 3062, Property on Right before Maple Ln - Red Iron Gate at entrance.

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
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Housing Market Comparison

See how this home compares to others in Malakoff, TX.

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Malakoff, TX

City

Med. List Price

$458K

Med. Price/SqFt

$257

Avg. Days On Market

136

# of Sold Homes

3

16420 Fm 3062 vs Malakoff

179 DAYS ON ROCKET

+43 Days

$385,000

-$73K Less

KEY TAKEAWAY

This property is $73K less than the Median List Price in Malakoff, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20671641

Listing Office:

  • Office Name: Ebby Halliday Realtors
  • Office Phone: (903) 340-8590
  • Listing Agent: Emily Sparks

IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/7/2025, 2:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-809565
7
/10

  • Malakoff Elementary School

  • 310 N Terry St

  • 2.25 miles

  • Public District Grades PK-5

school-card-donut-809566
6
/10

  • Eustace Intermediate School

  • 205 W Henderson St

  • 8.48 miles

  • Public District Grades 3-5

school-card-donut-809567
7
/10

  • Tool Elementary School

  • 1201 S Tool Dr

  • 9.26 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,850. The majority of Malakoff, TX residents have income between $35k-100k annually. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16420 Fm 3062

What is the listing price of this property?

The listing price of 16420 Fm 3062 property is $385,000.

What type of property is this?

The property 16420 Fm 3062 is land located in Malakoff, Texas, 75148.

Is this property for sale now?

Active Listing: 16420 Fm 3062 is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 16420 Fm 3062 is 24.81 acres.
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Rocket Homes›Texas›Henderson County›Malakoff›75148›16420 Fm 3062

This home is located at 16420 Fm 3062 in Malakoff, TX and zip code 75148. This home sits on a 24.81 acre lot. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $385,000.

The inventory of homes for sale in Malakoff, TX between November 2024 and December 2024 increased by 2.1%. The median list price of listings available in December 2024 was $458,000, while the average time on the real estate market was 136 days.

From Rocket Homes Real Estate and based on county public records data.

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