7040 County Road 131b, Terrell, TX, 75161
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2023
Materials
- Foundation: Pillar/Post/Pier
- Roof: Metal
- Construction materials: Fiber Cement
Type & Style
- Home type: SingleFamily
- Architectural style: Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Cooktop,Electric Oven,Refrigerator
- Laundry features: Common Area,Washer Hookup,Dryer Hookup,ElectricDryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
- Dimensions: 10 x 8
Features
- Chandelier,Granite Counters,Open Floorplan,Pantry,Paneling/Wainscoting
- Flooring: Luxury Vinyl Plank
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total interior livable area: 800 sqft
Kitchen
- Features: Ceiling Fan(s),Dual Sinks,Pantry,Stone Counters
- Level: First
- Dimensions: 13 x 10
Living Room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 10 x 13
Master Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 10 x 20
Other
- Features: Granite Counters
- Level: First
- Dimensions: 10 x 10
Property
Accessibility
- Accessibility features: Accessible Full Bath,Accessible Bedroom,Customized Wheelchair Accessible,Accessible Approach with Ramp,Accessible Doors,Accessible Entrance
Details
- Parcel number: 20624
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Awning(s),Covered,Deck
- Fencing: Full,Gate,Metal,Wire
- Residential vegetation: Cleared
- Horses can be raised: Yes
Lot
- Lot size: 5 Acres
- Features: Acreage
- Lot size dimensions: 304 x 636
Parking
- Parking features: Additional Parking,Private,RV Garage,RV Carport,Secured
- Has garage: Yes
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
- Hail
- Heat Wave
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,123 | $25,476 |
| Home Insurance * | $250 | $3,000 |
| Property Taxes | $109 | $1,308 |
| Electricity | $238 | $2,859 |
| Total | $2,720 | $32,640 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $440,000 |
| 2026-03-09 | Listed for sale | $450,000 |
For Sale by Agent
View on Zillow