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For sale
    • Price cut: $20K (8/12)
    $400,000

    7040 County Road 131b, Terrell, TX 75161

    1beds
    800sqft
    : 
    $3,342/mo
    Get pre-qualified
    Single Family Residence
    Built in 2023
    5 Acres Lot
    $-- Zestimate®
    $500/sqft
    $-- HOA

    What's special

    Comfortable bedroom and bathFunctional kitchenEfficient layoutPeaceful setting
    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.
    57 days
    |
    159
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Roland Davis 0794833 903-567-3100,

    RE/MAX Landmark Rose 903-567-3100

    Source: NTREIS,MLS#: 21203139

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Features: Ceiling Fan(s)
      • Level: First
      • Dimensions: 10 x 20
      Dining room
      • Level: First
      • Dimensions: 10 x 8
      Other
      • Features: Granite Counters
      • Level: First
      • Dimensions: 10 x 10
      Kitchen
      • Features: Ceiling Fan(s), Dual Sinks, Pantry, Stone Counters
      • Level: First
      • Dimensions: 13 x 10
      Living room
      • Features: Ceiling Fan(s)
      • Level: First
      • Dimensions: 10 x 13
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
      • Laundry: Common Area, Washer Hookup, Dryer Hookup, ElectricDryer Hookup
      Features
      • Chandelier, Granite Counters, Open Floorplan, Pantry, Paneling/Wainscoting
      • Flooring: Luxury Vinyl Plank
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 800 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Additional Parking, Private, RV Garage, RV Carport, Secured
      • Has garage: Yes
      Accessibility
      • Accessibility features: Accessible Full Bath, Accessible Bedroom, Customized Wheelchair Accessible, Accessible Approach with Ramp, Accessible Doors, Accessible Entrance
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Awning(s), Covered, Deck
      • Pool features: None
      • Fencing: Full,Gate,Metal,Wire
      Lot
      • Size: 5 Acres
      • Dimensions: 304 x 636
      • Features: Acreage
      • Residential vegetation: Cleared
      Details
      • Additional structures: Workshop
      • Parcel number: 20624

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Detached
      • Property subtype: Single Family Residence
      Materials
      • Fiber Cement
      • Foundation: Pillar/Post/Pier
      • Roof: Metal
      Condition
      • Year built: 2023

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Rural
      • Utilities for property: Electricity Connected, None, Septic Available

      Community & HOA

      Community
      • Subdivision: College Mound Acres
      HOA
      • Has HOA: No
      Location
      • Region: Terrell

      Financial & listing details

      • Price per square foot: $500/sqft
      • Tax assessed value: $290,946
      • Annual tax amount: $5,119
      • Date on market: 6/24/2026
      • Cumulative days on market: 155 days
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/12/2026Price change$400,000-4.8%$500/sqft
        Source: NTREIS #21203139 Report a problem
        7/19/2026Price change$420,000-4.5%$525/sqft
        Source: NTREIS #21203139 Report a problem
        6/24/2026Listed for sale$440,000$550/sqft
        Source: NTREIS #21203139 Report a problem
        6/16/2026Listing removed$440,000$550/sqft
        Source: NTREIS #21203139 Report a problem
        5/1/2026Price change$440,000-2.2%$550/sqft
        Source: NTREIS #21203139 Report a problem
        3/9/2026Listed for sale$450,000$563/sqft
        Source: NTREIS #21203139 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$959 -32.8%$290,946 +107.8%
        2024$1,428 +761%$140,025 +135.4%
        2023$166 +3.4%$59,492 +10%
        2022$160 +5.9%$54,084 +10%
        2021$152 +2.1%$49,167 +10%
        2020$148 $44,697 +10%
        2019-- $40,634 +10%
        2018$142 $36,940 +4.1%
        2017$142 +0.8%$35,490
        2016$141 -14.2%$35,490
        2015$164 $35,490 +24.8%
        2014$164 $28,440
        2013-- $28,440
        2012-- $28,440
        2011-- $28,440
        2010-- $28,440 -6.7%
        2009-- $30,490 -2.7%
        2008-- $31,320 -7.3%
        2007-- $33,800 +3.7%
        2006-- $32,600
        2005-- $32,600
        2004-- $32,600 +18.1%
        2003-- $27,600
        2002-- --
        2001-- $22,600
        2000-- $22,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 75161

        Getting around

        0 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Furlough,Wood
        • High: Terrell
        • District: Terrell ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

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