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1967 Fm 489, Oakwood, TX, 75840

--beds
0baths
2,860sqft
$1,000,000
$350price/sqft
$6,942/moest. monthly cost
$277,680/yrincome needed

About This Home

Welcome to the country! 155 +/- Acres located in Freestone County. This tucked away property has an excellent mix of open/woods. Enjoy the open views from the hill overlooking pond or cruise the trails throughout the hardwoods and bottom land. Whitetail deer, hogs, and ducks leave no shortage of hunting opportunities or wildlife enjoyment. Approximately 60 acres under ag exemption is planted in bahia grass and is cut for hay each year producing 90 -120 5x6 rolls of hay. The remaining acreage is under timber exemptions. Come out and take a tour today.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

--
Fairfield Elementary SchoolGrades PK-211.6 mi
5/10
5/10
Fairfield High SchoolGrades 9-1210.2 mi

Construction

Condition

  • Year built: 1977

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Features

  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 2,860
  • Total interior livable area: 2,860 sqft

Property

Details

  • Parcel number: 1589

Features

  • Stories: 1
  • Topography of land: Rolling,Sloping

Lot

  • Lot size: 154.31 Acres
  • Features: 50 or more Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Texas Counties

Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,056$60,672
Home Insurance *$756$9,072
Property Taxes $816$9,792
Electricity $314$3,768
Total$6,942$83,304
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$238,011/yr
40% on housing$208,260/yr
45% on housing$185,120/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -10.1%
-10.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$350This listing

vs Other Active Listings

Avg $/sqft

ZIP 75840$194
Freestone County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 75840
Freestone County$141

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-12-13Listed for sale$1,100,000

For Sale by Agent

AgentLawrence Hegar
BrokerageDeitra Robertson Real Estate, Inc.

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