For sale

Price cut: $775K (7/27)

$525,000

2031 E Fm 1396, Ivanhoe, TX 75447

3beds

2,782sqft

$3,617/mo

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Single Family Residence

Built in 1970

5 Acres Lot

$-- Zestimate^®

$189/sqft

$-- HOA

What's special

Covered working pensEstablished bermuda grass

Welcome to this beautiful 5-acres mol in sought-after North Fannin County, Texas—perfectly set up for horses, livestock, and country living. The property features a well-maintained 2,200 sq ft ranch-style home offering comfort, space, and peaceful views of the surrounding land. The land itself is a standout, with sandy soil ideal for horses, established Bermuda grass, and scattered mature oak trees that create a picturesque setting and natural shade throughout the property. More Land available up to 128 acres mol

121 days
122
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Features: Closet Cabinetry
Level: First
Dimensions: 15 x 15

Primary bedroom

Features: Closet Cabinetry
Level: First
Dimensions: 12 x 15

Primary bedroom

Features: Closet Cabinetry
Level: First
Dimensions: 12 x 15

Living room

Features: Built-in Features
Level: First
Dimensions: 25 x 20

Appliances

Included: Electric Oven, Electric Range, Refrigerator

Features

Open Floorplan
Has basement: No
Number of fireplaces: 1
Fireplace features: Free Standing, Masonry

Interior area

Total interior livable area: 2,782 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: Additional Parking, Carport
Attached garage spaces: 2
Carport spaces: 2

Features

Levels: One
Stories: 1
Pool features: None

Lot

Size: 5 Acres

Details

Parcel number: 000000078820
Horses can be raised: Yes
Horse amenities: Arena

Construction

Type & style

Home type: SingleFamily
Architectural style: Farmhouse
Property subtype: Single Family Residence
Attached to another structure: Yes

Condition

Year built: 1970

Utilities & green energy

Water: Community/Coop
Utilities for property: Water Available

Community & HOA

Community

Subdivision: A0635

HOA

Has HOA: No

Location

Region: Ivanhoe

Financial & listing details

Price per square foot: $189/sqft
Tax assessed value: $1,469,450
Annual tax amount: $3,034
Date on market: 5/4/2026
Cumulative days on market: 122 days

Estimated market value

Not available

Estimated sales range

Not available

$2,675/mo

Price history

Date	Event	Price
7/27/2026	Price change	$525,000-59.6%$189/sqft
Source: NTREIS #21259339 Report a problem
5/4/2026	Listed for sale	$1,300,000$467/sqft
Source: NTREIS #21259339 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,248 -4.5%	$1,462,980 +1%
2024	$1,307 -3.4%	$1,448,016 -3.6%
2023	$1,353	$1,502,754 +9.4%
2022	--	$1,373,684 +5.6%
2021	$2,467 -9.9%	$1,300,860 +16.9%
2020	$2,737 -3.8%	$1,112,930 +4.4%
2019	$2,846 -2.7%	$1,066,040 +1.8%
2018	$2,925	$1,047,400
2017	--	--
2016	--	--
2015	--	--
2014	--	--
2012	--	$192,260
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	$805,910