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$240,000
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Property Description
Charming Property with Versatile Living Spaces in Granbury, TX! Welcome to this inviting 3-bedroom, 2-bath home offering 1,380 sq. ft. of comfortable living space on over half an acre in the scenic Thorp Spring area just outside Granbury. This property features multiple structures, including a welcoming main house, a versatile guest or bunk house, and an RV cover with full hookups-perfect for travelers or outdoor enthusiasts. Enjoy the beautiful setting with mature oak trees, a fenced backyard, and spacious covered porches ideal for relaxing on cool fall evenings. The 1,120 sq. ft. shop is equipped with roll-up doors and electricity-great for hobbies, projects, or additional storage. The guest house offers flexible space that could serve as private accommodations, a home office, studio, or recreational area. Conveniently located near Granbury's popular festivals, lake activities, and holiday events, this property blends comfort, functionality, and Texas charm in a peaceful setting.
Full Property Details
Full Property Details for 4231 Terri Lee Ln
General
- Price: $240,000
- HOA FEE: $2/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21100563
- Updated: 1/2/2026
- Added to Site: 77 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, High Speed Internet, Pantry, Walk-In Closet(s)
- Appliances: Dishwasher
- Flooring: Combination
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Exterior
- Exterior Features: RV Hookup, Storage
- Porch/Patio/Deck: Covered, Deck, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Attached Carport, Covered, Garage, Gravel, RV Carport, Storage, Workshop in Garage, Boat, RV Access/Parking
Location
- County: Hood
- Subdivision: Oak Hills
- Driving Directions: From FM 4 in Thorp Spring go north on Tin Top Hwy, turn right on Hill Top Rd., turn right on Peppertree Rd., left on Oak Hill Dr., right on Kaywood Dr., left on Robinhood Dr., right on Terri Lee Ln., property on the left. GPS should be accurate. i
School Information
- Elem School District: Granbury ISD
- Midd School District: Granbury ISD
- High School District: Granbury ISD
- Elementary School: Nettie Baccus
- Middle School: Granbury
- High School: Granbury
Community
- Association: Yes
- Assoc. Name: Oak Trail Shores HOA
- Assoc. Fees Include: Association Management
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Utility Description: Electricity Connected, Septic Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Other
- Roof: Composition
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 1,380 Sq. Ft.
- Year Built: 1945
Additional Structures
- Other Structures: Garage(s), Guest House, Storage, Workshop
Lot Features
- Lot Size (Acres): 0.681
- Lot Size (Sq. Ft.): 29,664.36
- Lot Size Source: Owner
- Lot Features: Few Trees
- Fencing (Description): Fenced, Front Yard
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $18
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: LOT: 54 55 56 & 57 58 & 53 BLK: 16 SUBD: OAK
- Exclusions: Refrigerators, freezers, washing machine and clothes dryer.
- Disclosures/Rstr.: Deed Restriction
- Property ID: R000022445
- Block: 16
- Lot Number: 54
Listed by Cornerstone Home and Ranch, Pamela Allison
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Schools
Schools serving 4231 Terri Lee Ln
School District:Granbury Independent School District
| Name | Grades | Distance |
|---|---|---|
Nettie Baccus Elementary School 901 Loop 567, Granbury, TX 76048 | K-5 | 2.7 mi |
Granbury Middle School 2000 Crossland Road, Granbury, TX 76048 | 6-8 | 3.1 mi |
Granbury High School 2000 West Pearl Street, Granbury, TX 76048 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4231 Terri Lee Ln
Date
Details
Price
Change
Source
1/01/2026
Price Reduced
$240,000
-9.43%
MLS
11/20/2025
Price Reduced
$265,000
-3.64%
MLS
11/02/2025
Listed
$275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4231 Terri Lee Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,240
-9%
$186,800
-8%
2023
$2,462
19%
$202,350
30%
2022
$2,070
29%
$155,540
47%
2021
$1,602
-5%
$106,170
-3%
2020
$1,680
4%
$109,430
11%
2018
$1,609
-15%
$98,970
-18%
2019
$1,886
135%
$121,430
147%
2017
$801
8%
$49,260
11%
2016
$744
-2%
$44,490
-1%
2015
$761
2%
$44,860
—
2014
$743
5%
$44,860
-3%
2013
$709
—
$46,380
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4231 Terri Lee Ln
4231 Terri Lee Lane, Granbury, TX 76048 (MLS# 21100563) is a Single Family property with 3 bedrooms and 2 full bathrooms. 4231 Terri Lee Lane is currently listed for $240,000 and was received on November 02, 2025. Want to learn more about 4231 Terri Lee Lane? Do you have questions about finding other Single Family real estate for sale in Granbury? You can browse all Granbury real estate or contact a Coldwell Banker agent to request more information.

