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    5.01 Acres Fm 308 Rd Penelope, TX 76676

    For Sale
    $95,000

    Improved Land - Penelope, TX

    Lot size:
    5.01 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 10 at 5:06 am

    Property Features for 5.01 Acres Fm 308 Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    124636
    Lot size
    5.01 Acres

    Building Details

    Architectural style
    Other

    All City Real Estate (866) 277-6005

    Listing agent Taylor McGough (866) 277-6005 License #0721343

    Listing date Nov 17, 2025

    MLS# 229499 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

    Land Available in Penelope, TX

    This property features 5.01 acres of land with no restrictions. A Post Oak water meter is already installed, and Hill Co electricity is available. The current agricultural exemption results in annual taxes of $8.23. A survey is in hand. The property is located within the Penelope Independent School District, 30 miles from Waco and 65 miles from Dallas.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Penelope
    County
    Hill
    State
    Texas
    Longitude
    -96.915646
    Latitude
    31.876379

    Nearby Similar for Sale

    • $1,070,000
      92.91 Acres

      92 Acres Farmhouse in Penelope, TX

      Charming farmhouse on 92 acres, ideal for recreation and livestock.
      536 Hcr-3244, Penelope, TX 76676
      View Details

    FAQs

    What type of property is this?
    Land - 5.01 acres with water meter and no restrictions.
    Where is this land located?
    The property is located at 5.01 Acres Fm 308 Rd Penelope, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - 5.01 acres with no restrictions; - Post Oak Water Meter already installed; - Ag exemption in place resulting in very low annual taxes ($8.23)
    (866) 277-6005
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    5.01 Acres Fm 308 Rd Penelope, TX 76676
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