Doug Eastland

7040 County Road 131b

Terrell, TX
$ 400,000 Beds 1 Baths 1 Sq 800 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 400,000
  • City
  • Terrell
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • County
  • KAUFMAN
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 5 Acres
  • Zip
  • 75161
  • Sqr Footage
  • 800
  • Year Built
  • 2023
  • Taxes
  • $ 5119
  • Style
  • Single Family Residence
  • MLS#
  • 21203139
Listed By: RE/MAX Landmark Rose
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Electric
Cooling Ceiling Fan(s),Central Air,Electric
Utilities Electricity Connected,Outside City Limits,Rural Water District,Septic,No City Services
Possession Closing/Funding
Roof Metal
Appliances Dishwasher,Electric Cooktop,Electric Oven,Refrigerator
Easements Utilities,None
current use Residential,Single Family
Restrictions No Known Restriction(s)
School District Terrell ISD
Year Built 2023
Levels One
Unexempt Taxes 5119
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name College Mound Acres
Accessibility Features Accessible Approach with Ramp,Accessible Bath - Full,Accessible Bedroom,Accessible Doors,Accessible Entrance,Customized Wheelchair Accessible
Possible Use Agricultural,Horses,Multi-Family,Residential,Single Family
Transaction Type For Sale
County Kaufman
Property Type Residential
Construction Materials Fiber Cement
Year Built Details Preowned
HOA Type None
Full Baths 1
Status Active
Directions From I20 Take FM 2728 South .8 miles to County Road 131,turn left onto County Road 131 and go .5 miles and turn right onto County Road 131B,House is .5 miles down on the right
City Terrell
High School Terrell
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21203139
Standard Status Active
Listing Terms Cash,Conventional,FHA,VA Loan

Interior Features

Interior Features Chandelier,Granite Counters,Open Floorplan,Paneling,Pantry
Flooring Luxury Vinyl Plank
Dining Areas 1
Living Areas 1
Room Count 5
Lock Box Type Combo
Total Bedrooms 1
Total Baths 1
Laundry Features Electric Dryer Hookup,Full Size W/D Area,Dryer Hookup,Washer Hookup,On Site

Exterior Features

Lot Features Acreage
Vegetation Cleared
Fencing Full,Gate,Metal,Wire
Garage Length 12
Garage Width 10
Other Structures Workshop w/Electric
Parking Features Additional Parking,Private,RV Carport,RV Garage,Secured
Lot Size 5 to < 10 Acres
Foundation Pillar/Post/Pier
Lot Size Area 5.0000
Lot Size Dimensions 304x636
Lot Size Units Acres
Structural Style Single Detached
Garage Y/N Yes
Lot Size Square Feet 217800.0000
Lot Size Acres 5.0000
Patio And Porch Features Awning(s),Covered,Deck

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School

Price History

3/9/2026 Listed $450,000
5/1/2026 3% - $440,000
7/19/2026 5% - $420,000
8/12/2026 5% - $400,000

Property vs Zip Code Average in 75161

Price
AVG $540K
$400K
Taxes
AVG $6,065
$5,119
Year Built
AVG 1994
2023
Visits
AVG 97
113
Data Provided by Inside Real Estate®

Areas That We Cover

7040 County Road 131b Terrell, TX is a Single Family Home for sale at $400000 with 800 sqft and a lot size of 5 Acres Acre(s). 7040 County Road 131b Terrell has 1 bedrooms, 1 baths and was built in 2023. The property's zip code is 75161 which is in Terrell, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Doug Eastland

Doug Eastland

254-722-4333

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