Date
Details
Price
Change
Source
3/09/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/27
$450,000
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Property Description
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.
Full Property Details
Full Property Details for 7040 Co Rd 131B
General
- Price: $450,000
- Taxes: $5,119
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21203139
- Updated: 3/10/2026
- Added to Site: 15 day(s) ago
Interior
- Interior Features: Chandelier, Granite Counters, Open Floorplan, Pantry, Paneling/Wainscoting
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Common Area, Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Exterior
- Porch/Patio/Deck: Awning(s), Covered, Deck
Parking
- Garage: Yes
- Parking Features: Additional Parking, Private, RV Garage, RV Carport, Secured
Location
- County: Kaufman
- Subdivision: College Mound Acres
- Driving Directions: From I20 Take FM 2728 South .8 miles to County Road 131, turn left onto County Road 131 and go .5 miles and turn right onto County Road 131B, House is .5 miles down on the right
School Information
- Elem School District: Terrell ISD
- Midd School District: Terrell ISD
- High School District: Terrell ISD
- Middle School: Furlough
- High School: Terrell
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Rural
- Utility Description: Electricity Connected, None, Septic Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Fiber Cement
- Roof: Metal
- Stories/Levels: 1
- Living Area: 800 Sq. Ft.
- Current Bldg. Use: Residential, Single Family
- Year Built: 2023
Additional Structures
- Other Structures: Workshop
Lot Features
- Lot Size (Acres): 5
- Lot Size (Sq. Ft.): 217,800
- Lot Dimensions: 304 x 636
- Lot Features: Acreage
- Potential Use: Agricultural, Horses, Multi-Family, Residential, Single Family
- Trees/Vegetation: Cleared
- Fencing (Description): Full, Gate, Metal, Wire
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,119
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: COLLEGE MOUND ACRES, BLOCK 35
- Property ID: 20624
- Block: 35
Listed by RE/MAX Landmark Rose, Roland Davis
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 7040 Co Rd 131B —
Roland Davis
RE/MAX Landmark Rose
903-567-3100
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7040 Co Rd 131B
School District:Terrell Independent School District
| Name | Grades | Distance |
|---|---|---|
Gilbert Willie Sr Elementary School 1400 South Rockwall Avenue, Terrell, TX 75160 | K-5 | 6.1 mi |
Herman Furlough Jr Middle School 1351 Colquitt Road, Terrell, TX 75160 | 6-8 | 7.7 mi |
Terrell High School 400 Poetry Road, Terrell, TX 75160 | 9-12 | 8.1 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 7040 Co Rd 131B
Tax History
Tax History for 7040 Co Rd 131B
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,428
760%
$290,946
108%
2023
$166
—
$140,025
135%
2023
$166
4%
$59,492
-60%
2022
$160
5%
$150,549
23%
2021
$152
3%
$122,451
15%
2020
$148
-84%
$106,930
163%
2019
$924
3%
$40,634
10%
2018
$897
4%
$36,940
4%
2017
$861
3%
$35,490
3%
2016
$834
18%
$34,412
10%
2015
$707
22%
$31,284
10%
2013
$579
—
$28,440
—
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 7040 Co Rd 131B
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7040 County Road 131B, Terrell, TX 75161 (MLS# 21203139) is a Single Family property with 1 bedroom and 1 full bathroom. 7040 County Road 131B is currently listed for $450,000 and was received on March 09, 2026. Want to learn more about 7040 County Road 131B? Do you have questions about finding other Single Family real estate for sale in Terrell? You can browse all Terrell real estate or contact a Coldwell Banker agent to request more information.