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    12069 Fm-1602 Jonesboro, TX 76538

    For Sale
    $1,840,000

    Ranch, Farm/Ranch - Jonesboro, TX

    Type:Farm
    Property size:
    2,121 SF
    Lot size:
    230.00 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 9 at 1:06 am

    Property Features for 12069 Fm-1602

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    R18742
    Parking features
    Driveway
    Interior features
    Eat-in Kitchen, Paneling, Pantry
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Microwave, Refrigerator
    Size
    2,121 SF
    Lot size
    230.00 Acres

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    1935
    Floors in Building
    1
    Architectural style
    Ranch

    Cobb Properties (254) 253-0157

    Listing agent Tai Cobb Klam (254) 253-0157 License #0594871

    Listing date Oct 6, 2025

    MLS# 20933169 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    230-Acre Ranch with Income Potential

    This 230-acre ranch property is located on paved roads outside Cranfills Gap in the Lanham Area of Hamilton County, Texas. The land is traversed by Sycamore Creek, offering seasonal water flow and potential for a future large lake due to existing watersheds and topography. A large tank is present, suitable for livestock or recreation. The property includes a brick home of approximately 2,100 square feet, featuring three bedrooms and two full bathrooms. The house is currently leased, presenting an investment opportunity. The land is ag-exempt and includes native grasses, scattered mesquites, and cedar trees, offering a balance of open pasture and light cover suitable for grazing, wildlife, or future improvements. The location is 10 miles from Hamilton, which offers healthcare, dining, boutique shopping, and fitness options. Students in the area may attend Hamilton, Cranfills Gap (8 miles away), or Jonesboro ISD. The property is suitable as a homestead, a hunting weekend property, a cattle ranch, or a long-term investment. The seller is willing to sell the land only.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Jonesboro
    County
    Coryell
    State
    Texas
    Longitude
    -97.95733
    Latitude
    31.758298

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    FAQs

    What type of property is this?
    Ranch - 230-acre ranch featuring a home, creek, and grazing land.
    Where is this ranch located?
    The property is located at 12069 Fm-1602 Jonesboro, TX.
    What is the asking price?
    The asking price for this property is $1,840,000.
    What are key features of this property?
    This property features: - 230-acre ranch property with potential for a **large lake** due to Sycamore Creek and existing watersheds.; - Ag-exempt land ideal for grazing, wildlife, or future improvements, featuring native grasses, mesquites, and cedar trees.; - Charming 2,100 sq ft brick home with 3 bedrooms and 2 bathrooms, currently leased for income potential.
    (254) 253-0157
    Request Owner's contact information
    12069 Fm-1602 Jonesboro, TX 76538
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    Jonesboro, TX 76538
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12069 Fm-1602 Jonesboro, TX 76538
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