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    1690 Co Rd Lexington, TX 78947

    For Sale
    $323,476

    22.78 Acres, Lexington, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 22.78-acre ranch in Lee County, Texas, offers a unique blend of natural beauty and modern amenities. Located at 1690 Co Rd 413, Lexington, TX 78947, the property boasts rolling terrain, mature oak and cedar trees, and abundant wildlife, including deer, turkey, and doves. Electricity is available, and while water is sourced from wells, the property includes a half-acre pond site. The land is fully fenced and features a recently cleared building site with breathtaking views and a newly constructed entry. Conveniently located near Lexington, Rockdale, Taylor, Austin, Waco, and Houston, this property also benefits from its proximity to the Lexington Independent School District. Deed restrictions are in place, and the property qualifies for Wildlife and Agricultural exemptions. An oil well (capped) is also present on the property. This historically significant ranch offers numerous recreational opportunities, including hunting and various outdoor activities. The property is accessible via County Road 413, with easy access to State Highway 77. Landowners can receive guidance from the NRCS and the Noble Foundation on aspects of country living. This is an exceptional opportunity to own a piece of Texas countryside.

    Property Features for 1690 Co Rd

    General Information

    Property type
    Farms
    Lot Size
    992,297 SF

    HighLights

    • 22.78‑acre ranch in Lexington, TX, near major cities.
    • Rolling terrain with mature trees and abundant wildlife.
    • Fully fenced with a cleared building site and new entry.
    • Electricity available; water from wells; half‑acre pond site.
    • Located in Lexington ISD; qualifies for wildlife & agricultural exemptions; deed restrictions in place.
    • Includes a capped oil well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lexington
    County
    Lee
    State
    Texas
    Longitude
    -96.9297
    Latitude
    30.5148

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    FAQs

    What type of property is this?
    Farm - 22.78 Acres, Lexington, TX
    Where is this farm located?
    The property is located at 1690 Co Rd Lexington, TX.
    What is the asking price?
    The asking price for this property is $323,476.
    What are key features of this property?
    This property features: 22.78-acre ranch in Lexington, TX, near major cities.; Rolling terrain with mature trees and abundant wildlife.; Fully fenced with a cleared building site and new entry.
    Request Owner's contact information
    1690 Co Rd Lexington, TX 78947
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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
    1690 Co Rd Lexington, TX 78947
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