This is a rare opportunity to own 20 acres of prime land in Red Oak, Texas, situated on one of the most sought-after, visible roads in the area. The property offers a perfect blend of rural tranquility and convenient accessibility, making it ideal for a variety of uses or future development. With open spaces and mature trees at the back portion of the acreage, this expansive tract provides a natural beauty. Its strategic location offers close proximity to key amenities, schools, and major highways, ensuring high demand and growth potential. Whether you are looking to invest or develop, this land is a rare find in a rapidly growing community. No survey available. Buyer to purchase. In the photos, the area that is blacked out is not included in the sale of the property.
Last updated on: 11/5/2024, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$128
$457,760
2020
$173
$6,920
2019
$229
$6,920
2018
$230
$8,450
2017
$239
$8,920
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,550
Per Month
Principal & Interest
$9,483
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,763
Powered By
Advertisement
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.
Elementary School
6
/10
Eastridge Elementary School
725 E Ovilla Rd
Distance between this listing and this school0.00 miles
Public District Grades PK-4
Middle School
4
/10
Red Oak Junior High School
152 Louise Ritter Blvd
Distance between this listing and this school2.36 miles
Public District Grades 7-8
High School
4
/10
Red Oak High School
122 S State Highway 342
Distance between this listing and this school2.01 miles
Public District Grades 9-12
Assigned Schools
6
/10
Eastridge Elementary School
725 E Ovilla Rd
Distance between this listing and this school0.00 miles
Public District Grades PK-4
Nearby Schools
6
/10
Red Oak Elementary School
200 Valley Ridge Dr
Distance between this listing and this school1.31 miles
Public District Grades PK-4
7
/10
Wooden Elementary School
200 Louise Ritter Blvd
Distance between this listing and this school2.51 miles
Public District Grades PK-4
Assigned Schools
4
/10
Red Oak Junior High School
152 Louise Ritter Blvd
Distance between this listing and this school2.36 miles
Public District Grades 7-8
Nearby Schools
3
/10
G.W. Carver 6th Grade STEM Learning Center
1005 Westridge Ave
Distance between this listing and this school4.97 miles
Public District Grades 6-6
4
/10
Elsie Robertson Middle School
822 W Pleasant Run Rd
Distance between this listing and this school5.15 miles
Public District Grades 7-8
Assigned Schools
4
/10
Red Oak High School
122 S State Highway 342
Distance between this listing and this school2.01 miles
Public District Grades 9-12
Nearby Schools
6
/10
Life School Red Oak
777 South I 35 East
Distance between this listing and this school3.51 miles
Public Charter Grades KG-12
3
/10
Lancaster High School
200 E Wintergreen Rd
Distance between this listing and this school6.09 miles
The neighbors living near this home have an average income of $80,811. The majority of Red Oak, TX residents have income between $35k-100k annually. The majority of families are married, with kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 727 E Ovilla Rd
What is the listing price of this property?
The listing price of 727 E Ovilla Rd property is $1,900,000.
What type of property is this?
The property 727 E Ovilla Rd is land located in Red Oak, Texas, 75154.
Is this property for sale now?
Active Listing: 727 E Ovilla Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 727 E Ovilla Rd are: Eastridge Elementary School: GreatSchools Rating 6/10Red Oak Junior High School: GreatSchools Rating 4/10Red Oak High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $128 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 727 E Ovilla Rd in Red Oak, TX and zip code 75154. This home sits on a 20.00 acre lot. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $1,900,000.
Between September 2024 and October 2024, Red Oak, TX real estate market has seen increase in the number of listings by 9.7%. In October 2024, listings were on the market for 86 days. During the same period, the median list price in this real estate market was $400,926.
From Rocket Homes Real Estate and based on county public records data.
©2024 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.
College Football
College Football
Extreme Sports
Soccer
Best Buy
Express/Express For Men
Academy Sports & Outdoors
Texas Roadhouse
Sonic
Little Caesars
Ram
Kia
Chevrolet
Contemporary Christian
New Country
Country