1226 County Road 316, Lexington TX 78947
Lexington, TX 78947 · N
Single Family Residence for sale in N
Overview
Property Description
Property has been taken care of for years, hay for ag exemption, water well for gardening, perfect small get-away with tons of wildlife. Separate Cinderblock building/house used for cooking, canning fresh vegetables, includes a bathroom with shower, bedroom, and small dining room. See the photos inside of the second unit. Horse barn with lots of room on concrete foundation, tack room, storage. Could be converted to a barndominium. Small pond with fish, and for livestock. Small wet weather creek runs through the back of the property and attracts deer, wildlife, turkeys, etc. This is country living with almost no noise or any close neighbors. Lots of sweat equity in this property that's hard to put a price on. Seller will also consider seller financing this property.
Financial Info
- Price
- $650,000
- $ / Sqft
- $6500
- HOA
- None
- Tax Rate
- 1.3616%
- Est. Taxes
- $9,612.62
- Tax Year
- 2025
- Exemptions
- Agricultural, Homestead, Over 65
Legal Info
- Address
- 1226 County Road 316
- County
- Lee
- City
- Lexington
- State
- TX
- Zip
- 78947
- Subdivision
- N
- Legal Description
- A089 DARE, G., TRACT 006, ACRES 17.65
- Parcel
- 1226 CR 316 LEXINGTON, TX 78947
Interior Features
- Floor
- Laminate, Vinyl
- Num Living
- 1
- Dining
- 1
- Kitchen
- Breakfast Bar, Granite Counters, Eat-in Kitchen
- Appliances
- Built-In Gas Range, Microwave, Oven, Electric Water Heater
- Laundry
- Inside
- Master Bed
- Primary Bedroom on Main
- Master Main
- Yes
- Interior Features
- Breakfast Bar, Ceiling Fan(s), Granite Counters, Eat-in Kitchen, Open Floorplan, Primary Bedroom on Main, Security Lights, Window Bars, None
General Info
- Beds
- 1 Total / 1 Main Level
- Full / Half Baths
- 1 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 2002 / Resale
- Square Feet
- 100 / Public Records
- Garages
- 2
- Garage Desc
- Concrete, Detached Carport, Driveway, Gravel, Storage, Unpaved
- Foundation
- Pillar/Post/Pier
- Roof
- Shingle
- Construction
- Wood Siding
- Acres
- 17.65
- Lot Description
- Back Yard, Front Yard, Level, Trees-Medium (20 Ft - 40 Ft), Trees-Moderate
- Restrictions
- None
- Flood Plain
- No
- View
- Pasture, Trees/Woods
- Water Access
- No
- Waterfront
- No
- Area
- LC
Utility Info
- Water
- Municipal Utility District (MUD), Well
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Other, Propane, Water Available
- Heat
- Propane, Propane Stove
- A C
- Ceiling Fan(s), Central Air
Exterior Features
- Fence
- Barbed Wire, Fenced, Perimeter
- Exterior Features
- Private Entrance, Private Yard, Covered, Front Porch
- Pool On Property
- No
- Area Amenities
- None
Rooms
Main level
- Primary Bedroom
Master bedroom has vaulted/slanted ceilings, wood floors, ceiling fans, large windows.
Beamed Ceilings, CDRC, Ceiling Fan(s)
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 31, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Lexington ISD
- Elementary
- Lexington
- Middle
- Lexington
- High
- Lexington
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$4,630 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $4,630
- Principal & interest
- $3,287
- Property taxes
- $801
- Homeowners insurance
- $542
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $520,000 | $5,812 | $33,629 | $514,188 | |
| 2 | $514,188 | $6,201 | $33,240 | $507,986 | |
| 3 | $507,986 | $6,617 | $32,824 | $501,370 | |
| 4 | $501,370 | $7,060 | $32,381 | $494,310 | |
| 5 | $494,310 | $7,533 | $31,908 | $486,777 | |
| 6 | $486,777 | $8,037 | $31,404 | $478,740 | |
| 7 | $478,740 | $8,575 | $30,866 | $470,164 | |
| 8 | $470,164 | $9,150 | $30,291 | $461,015 | |
| 9 | $461,015 | $9,763 | $29,679 | $451,252 | |
| 10 | $451,252 | $10,416 | $29,025 | $440,836 |
- Year 1$514,188
- Principal paid
- $5,812
- Interest paid
- $33,629
- Starting balance
- $520,000
- Year 2$507,986
- Principal paid
- $6,201
- Interest paid
- $33,240
- Starting balance
- $514,188
- Year 3$501,370
- Principal paid
- $6,617
- Interest paid
- $32,824
- Starting balance
- $507,986
- Year 4$494,310
- Principal paid
- $7,060
- Interest paid
- $32,381
- Starting balance
- $501,370
- Year 5$486,777
- Principal paid
- $7,533
- Interest paid
- $31,908
- Starting balance
- $494,310
- Year 6$478,740
- Principal paid
- $8,037
- Interest paid
- $31,404
- Starting balance
- $486,777
- Year 7$470,164
- Principal paid
- $8,575
- Interest paid
- $30,866
- Starting balance
- $478,740
- Year 8$461,015
- Principal paid
- $9,150
- Interest paid
- $30,291
- Starting balance
- $470,164
- Year 9$451,252
- Principal paid
- $9,763
- Interest paid
- $29,679
- Starting balance
- $461,015
- Year 10$440,836
- Principal paid
- $10,416
- Interest paid
- $29,025
- Starting balance
- $451,252
Courtesy of Clint Frerich · (512) 799-6623
Listings courtesy of ACTRIS as distributed by MLS GRID.