Turnkey horse property located in the heart of North Texas just 10 minutes from Decatur and 33 minutes from Gainesville. With 3 paddocks, loafing sheds, and pasture for turning horses out, there are also 2 barns ready to be put to use. The larger barn is fully enclosed with an office and quarter round wood lining the interior walls ready for stalls to be put in place. The smaller barn has 3 oversized stalls perfect for foaling in. A custom designed manufactured home provides plenty of rooms with an open layout for a place to gather or rest your head. The larger pasture is level and once had an arena when used as more of a training facility. There is an additional pad site tucked in the trees at the back of the property where a new home could be built or brought in. A site-built carport and storage building will keep vehicles out of the elements. RV hookup is also available. With 3 septic systems in place and water strategically placed throughout the property, opportunities are endless.
Horse Amenities: Barn(s), Breeding Barn, Loaf Shed(s), Stable(s), Tack Room, Wash Rack, Water to Barn
AG Exemption YN: Yes
Barns Count: 2
Farm Ranch Features: Corrals, Fenced for Horses
Number Of Barns: 2
Land Information
Vegetation: Cleared, Grassed, Partially Wooded
Lot Information
Lot Features: Acreage, Few Trees, Level, Many Trees, Oak, Pasture
Lot Size: 5 to < 10 Acres
Lot Size Acres: 8.6400
Lot Size Area: 8.6400
Lot Size Source: Public Records
Lot Size Square Feet: 376358.4000
Lot Size Units: Acres
Number Of Wells: 1
Parcel Number: A0570000403
Parcel Number 2: A0570000400
RATIO List Price By Lot Size Acr: 74074.07407
Road Frontage Type: FM Road
Road Surface Type: Asphalt
Will Subdivide: No
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Possible Use: Equine, Horses, Residential
Accessibility Features YN: No
Property Attached YN: Yes
Current Use: Horses, Manufactured Home, Residential
Multi Parcel IDYN: Yes
Property Key: 48497|743680|1|139044829
Property Match: APN
Restrictions: No Known Restriction(s)
US Property MUI: 400278297
Building Information
Year Built: 2009
Year Built Details: Preowned
Smart Home Features Appor Pass Y: No
Financial
Tax Information
Special Taxing Entities: No
Tax Legal Description: A-570 ET MCDANIEL 6.7280 ACRES and 1.912 ACRES
Unexempt Taxes: 1023
Financial Information
Buyer Financing: FHA
Loan Type: Treat As Clear
Second Mortgage YN: No
Utilities
Utility Information
Municipal Utility District YN: No
Utilities: Septic, Well
Energy Efficiency Features
Green Energy Efficient: HVAC, Insulation
Location
Multi-Unit Information
Number Of Residences: 1
HOA Information
Association Type: None
School Information
Elementary School: Slidell
Elementary School Name: Slidell
High School Name: Slidell
Middle School Name: Slidell
School District: Slidell ISD
Location Information
County Or Parish: Wise
Country: United States
Directions: From the Decatur square head east Walnut St for 0.2 miles to FM 51. Turn left on FM 51 (N Cates St.) and go 8.2 miles to the property entrance on the left side of the road. Look for signs. Address of 5073 N FM 51 works in mapping apps.
Latitude: 33.31872366
Longitude: -97.48195842
Geocode Confidence: High
Subdivision Name: none
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,106
Stories: —
Lot Size: —
Style: Mobile/Manufactured Home
Year Built: 2009
Year Renovated: —
County: Wise County
APN: 000000789200
Home facts updated by county records on Jun 11, 2025