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Lot/land
  • Price cut: $430K (5/8)
    $4,850,000

    3500 S Murvil St, Decatur, TX 76234

    --beds
    --baths
    139.85Acres
    Unimproved Land
    Built in ----
    139.85 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Just Reduced — 140± Acres on the Edge of Decatur. A rare opportunity to own 140± acres with an active ag exemption, sitting just outside the Decatur city limits within the ETJ. Tracts of this size, quality, and proximity rarely come to market. The property enjoys easy access to FM 51, with over 1,900 feet of frontage on Murvil Street and no deed restrictions — leaving the door wide open for continued ag use, future development, or a generational family holding. Decatur Middle and High Schools are less than 1.5 miles away, strengthening long-term residential value. Surface water is well distributed across the tract and anchored by a 1.5-acre pond, and the entire property lies outside the designated floodplain. Groundwater is plentiful in the area, with regional wells typically running 200–400 feet. Improvements include a well-kept ~2,700 sq ft single-story home, a small RV park, and infrastructure supporting an established cattle operation — turnkey functionality and immediate income from day one. Land like this — exempt, unrestricted, watered, improved, and minutes from town — doesn't sit long. Buyer and buyer's agent to independently verify all property details.
    172 days
    |
    64
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Allen Crumley 0591264 817-480-9502,

    Williams Trew Real Estate 817-732-8400

    Source: NTREIS,MLS#: 21130984

      Facts & features

      Interior

      Video & virtual tour

      Property

      Lot
      • Size: 139.85 Acres
      • Features: Acreage, Agricultural, Pasture, Pond on Lot
      Details
      • Parcel number: 740295
      • Zoning description: None

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Septic Available, Water Available

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Decatur

      Financial & listing details

      • Tax assessed value: $1,575,076
      • Annual tax amount: $654
      • Date on market: 12/11/2025
      • Cumulative days on market: 173 days
      • Listing terms: Cash,Conventional
      • Exclusions: Minerals
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/8/2026Price change$4,850,000-8.1%
        Source: NTREIS #21130984 Report a problem
        10/22/2024Listed for sale$5,280,000
        Source: NTREIS #20760415 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$653 -0.9%$1,575,076 0%
        2024$659 +132.4%$1,575,595 +2%
        2023$284 $1,544,936 +16.7%
        2022-- $1,323,402 +5.2%
        2021$468 -4.7%$1,258,030 +0.1%
        2020$491 -7.6%$1,256,280 0%
        2019$531 $1,256,560 +15.7%
        2018$531 +19.2%$1,085,710 +30%
        2017$446 $835,110
        2016-- $835,110
        2015-- $835,110 +3045.4%
        2014-- $26,550
        2013-- $26,550 -0.7%
        2012-- $26,730
        2011-- $26,730
        2010-- $26,730 +23.4%
        2009-- $21,670
        2008-- $21,670
        2007-- $21,670

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 76234

        Getting around

        2 / 100
        Car-Dependent
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Carson
        • Middle: Mccarroll
        • High: Decatur
        • District: Decatur ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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