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$270,000 Just Listed
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Property Description
10 Acres in Leonard, TX - Great Opportunity for Land Buyers or Investors Discover the potential of this 10-acre property located at 4058 FM 981 in Leonard, Texas. This acreage offers a great opportunity for buyers looking for land to build, invest, or develop in a growing area of North Texas. The property includes an existing home that will convey with the sale of the land. However, the structure is in unknown condition and may not be safe to enter. Do not enter the home. Entry is at your own risk. The home is being sold as-is and is considered to have little to no value. The land is currently heavily overgrown and will require clearing, but it offers a blank canvas for someone looking to create their own rural retreat, homestead, or future homesite. Located along FM 981, the property provides convenient access while still offering the privacy and space that comes with country living. Buyer to verify all information, utilities, and restrictions. Buyers should check with the County Appraisal District and local authorities to verify any building restrictions or requirements. Property sold as-is.
Full Property Details
Full Property Details for 4058 FM981
General
- Price: $270,000
- Taxes: $5,093
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21195649
- Updated: 3/9/2026
- Added to Site: 2 day(s) ago
Location
- County: Fannin
- Subdivision: A1106 S M SMITH
- Driving Directions: see GPS for directions
School Information
- Elem School District: Leonard ISD
- Midd School District: Leonard ISD
- High School District: Leonard ISD
- Elementary School: Leonard
- High School: Leonard
Utilities
- Water: Public
- Utility Description: Electricity Available, Water Available
Structural Information
- Detached/Attached: Detached
- Year Built: 1986
Lot Features
- Lot Size (Acres): 10.072
- Lot Size (Sq. Ft.): 438,736.32
- Frontage: Farm to Market Road, Asphalt
- Lot Features: Acreage
- Zoning: Agricultural
Financial Considerations
- Tax Amount: $5,093
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Legal Description: A1106 S M SMITH, ACRES 10.072, VLB #537-11887
- Property ID: 84443
Listed by Keller Williams Rockwall, Richard Aguirre
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Schools
Schools serving 4058 FM981
School District:Leonard Independent School District
| Name | Grades | Distance |
|---|---|---|
Leonard Elementary School 300 East Mulberry Street, Leonard, TX 75452 | PK-3 | 3.7 mi |
Leonard Intermediate School 501 East Hackberry Street, Leonard, TX 75452 | 4-5 | 3.8 mi |
Leonard J High School 500 East Hackberry Street, Leonard, TX 75452 | 6-8 | 3.9 mi |
Leonard High School 1002 North Poplar Street, Leonard, TX 75452 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4058 FM981
Date
Details
Price
Change
Source
3/09/2026
Listed
$270,000
—
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 4058 FM981
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,326
—
$336,120
25%
2024
$4,326
204%
$269,370
6%
2018
$1,425
—
$254,500
41%
2018
$1,425
—
$180,180
45%
2018
$1,425
—
$124,050
9%
2018
$1,425
—
$114,040
36%
2018
$1,425
—
$84,120
4%
2018
$1,425
100%
$81,010
10%
2014
100%
$73,590
28%
2014
—
$57,560
—
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 4058 FM981
4058 Fm 981, Leonard, TX 75452 (MLS# 21195649) is a Lots/Land property with a lot size of 10.072 acres. 4058 Fm 981 is currently listed for $270,000 and was received on March 09, 2026. Want to learn more about 4058 Fm 981? Do you have questions about finding other Lots/Land real estate for sale in Leonard? You can browse all Leonard real estate or contact a Coldwell Banker agent to request more information.

