Is a car needed in Telephone, TX?

As of early 2026, 100% of users say car is needed

Does Telephone, TX show holiday spirit?

As of early 2026, 100% of users say there's holiday spirit

Is Telephone, TX quiet?

As of early 2026, 100% of users say it's quiet

Is there wildlife in Telephone, TX?

As of early 2026, 100% of users say there's wildlife

Are neighbors friendly in Telephone, TX?

As of early 2026, 67% of users say neighbors are friendly

Is Telephone, TX dog-friendly?

As of early 2026, 50% of users say it's dog friendly

Is Telephone, TX walkable to restaurants?

As of early 2026, 50% of users say it's walkable to restaurants

Do kids play outside in Telephone, TX?

As of early 2026, 50% of users say kids play outside

What is 15940 E FM 273 estimated to be worth?

Trulia's estimated value for 15940 E FM 273 in Telephone, TX is $333,100 .

What is the price history for 15940 E FM 273?

15940 E FM 273 in Telephone, TX last sold in April 2023.

Is Telephone a buyer's or seller's market?

Telephone is currently a buyer's market, based on recent for-sale activity.

What are the closest schools to 15940 E FM 273?

The closest schools to 15940 E FM 273 in Telephone, TX are Rayburn High School (Middle, rated 6/10), Sam Rayburn Elementary School (Pre-K, rated 8/10).

OFF MARKET

$333,100

Trulia Estimate

1,216 sqft (on 37.84 acres)

15940 E FM 273, Telephone, TX 75488

Est. Refi. Payment $2,094/mo*

Refinance Your Home

Home Value

Trulia Estimate

$333K

Since last month

$6K (+2%)

Since last year

$122K (+58.1%)

Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +18% in the last 10 years

Month	Estimated value
2026
August 2026	$333K
August 2026	$331K
July 2026	$327K
June 2026	$334K
May 2026	$319K
April 2026	$323K
March 2026	$254K
February 2026	$240K
January 2026	$245K
2025
December 2025	$245K
November 2025	$261K
October 2025	$253K
September 2025	$222K
August 2025	$211K
July 2025	$253K
May 2025	$236K
April 2025	$246K
March 2025	$234K
February 2025	$236K
January 2025	$239K
2024
December 2024	$241K
November 2024	$236K
October 2024	$230K
September 2024	$227K
August 2024	$229K
July 2024	$239K
June 2024	$246K
May 2024	$245K
April 2024	$243K
March 2024	$223K
February 2024	$200K
January 2024	$182K
2023
December 2023	$198K
November 2023	$193K
October 2023	$179K
September 2023	$204K
August 2023	$177K
July 2023	$152K
June 2023	$125K
May 2023	$101K
April 2023	$100K
March 2023	$163K
February 2023	$160K
January 2023	$211K
2022
December 2022	$261K
November 2022	$263K
October 2022	$282K

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bath	Sqft
273 Fm, Telephone, TX	0.50	Lot/Land	-	01/08/26	-	-
Lot 5 County Road 2310, Telephone, TX	1.77	Lot/Land	-	02/09/26	-	-
565 County Road 2131, Telephone, TX	3.35	Lot/Land	-	09/26/25	-	-
County Road 2130, Telephone, TX	3.36	Lot/Land	-	05/04/26	-	-
Tract1and2 County Rd #2130, Telephone, TX	3.71	Lot/Land	-	10/16/25	-	-
Lot 3 County Road 2130, Telephone, TX	3.69	Lot/Land	-	08/07/26	-	-
1 County Road 2295, Telephone, TX	4.10	Lot/Land	-	10/30/25	-	-
4451 County Road 2295, Telephone, TX	4.20	Lot/Land	-	06/16/26	-	-
515 County Road 2317, Honey Grove, TX	4.80	Lot/Land	-	05/29/26	-	-
921 County Road 2285, Telephone, TX	5.93	Lot/Land	-	06/18/26	-	-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
FM 273, Telephone, TX 75488	0.25	$630,000	-	-	-	For Sale
County Road 2150, Telephone, TX 75488	0.45	$500,000	-	-	-	For Sale
273 Fm, Telephone, TX 75488	0.50	-	-	-	-	Recently Sold
County Road 2300, Telephone, TX 75488	0.56	-	-	-	-	Off Market
County Road 2300, Telephone, TX 75488	0.60	-	-	-	-	Off Market
County Road 2300, Telephone, TX 75488	0.61	-	-	-	-	Off Market
527 County Road 2145, Telephone, TX 75488	0.67	-	3	2	2,007	Recently Sold
41 Tbd Pr, Telephone, TX 75488	1.10	-	-	-	-	Off Market
273 Fm, Telephone, TX 75488	1.24	-	-	-	-	Off Market
1682 County Road 2150, Telephone, TX 75488	1.29	$1,272,300	3	3	2,087	Off Market
1675 County Road 2150, Telephone, TX 75488	1.31	$1,074,700	4	3.5	3,916	Off Market
1 County Road 2145, Telephone, TX 75488	1.33	$4,131,622	-	-	-	For Sale

Local Information

Map ViewExplore the area around 15940 E FM 273.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Lot/Land

37.84 acre lot

1,216 sqft

$274/sqft

About this House

Want to get away? This property located a little over an hour from McKinney and is currently being used as a cattle ranch and is ag exempt. Minutes from National Grasslands and 2 beautiful lakes. This property offers plenty of room for use as a recreational property as well. Deer, hog, turkey and an occasional duck or two on the tank for the hunting enthusiast. Mature Oak Trees on the perimeter. New septic system and well pump.

15940 E FM 273, Telephone, TX 75488 is a 1,216 sqft lot/land. It last sold for $0 on Apr 11, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $333,100, with a rent estimate of $1,073/month.

Home Details for 15940 E FM 273

Exterior Features
Exterior Home Features Roof: OtherDeck

Property Information
Property Type / Style Property Type: Lot LandArchitecture: Ranch / Rambler

Interior Features
Levels, Entrance, & Accessibility Floors: Carpet

Lot Information
Lot Area: 37.84 acres

Price and Tax history

Date	Event	Price
Aug 9, 2024 Source: NTREIS #20530307	ListingRemoved
Feb 8, 2024 Source: NTREIS #20530307	Listed For Sale	$315,000
Apr 11, 2023 Source: NTREIS #20189525	Sold	--
Mar 26, 2023 Source: NTREIS #20189525	Pending	$170,000
Mar 16, 2023 Source: NTREIS #20189525	Contingent	$170,000
Jan 29, 2023 Source: NTREIS #20189525	PriceChange	$170,000 Price decreased by 24%
Jan 12, 2023 Source: NTREIS #20189525	PriceChange	$225,000 Price decreased by 18%
Nov 18, 2022 Source: NTREIS #20189525	PriceChange	$275,000 Price decreased by 8%
Oct 21, 2022 Source: NTREIS #20189525	Listed For Sale	$300,000
Oct 1, 2018 Source: Agent Provided	ListingRemoved	$240,000
Apr 26, 2018 Source: Agent Provided	Listed For Sale	$240,000

Year	Property tax	Tax assessment
2025	$168	$351,220

Additional Cost

Market trends in Telephone

Last updated July 2026

Avg. sale price

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Sale-to-List Price

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Price per sq ft

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Available listings

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Around this home

Sam Rayburn Elementary School
PK-6
Public
259 Students
Sam Rayburn Independent School District
8/10
GreatSchools Rating
Parent Rating Average
Administration is extremely rude. With being scolded and hung up on multiple times.
Parent Review
4mo ago
2 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Telephone

At least 1 Trulia users voted on each feature.

100 % Say car is needed
100 % Say there's holiday spirit
100 % Say it's quiet
100 % Say there's wildlife
67 % Say neighbors are friendly
50 % Say it's dog friendly
50 % Say it's walkable to restaurants
50 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

Frequently asked questions about 15940 E FM 273

What is 15940 E FM 273 estimated to be worth?
Trulia's estimated value for 15940 E FM 273 in Telephone, TX is $333,100.
What is the price history for 15940 E FM 273?
15940 E FM 273 in Telephone, TX last sold in April 2023.
Is Telephone a buyer's or seller's market?
Telephone is currently a buyer's market, based on recent for-sale activity.
What are the closest schools to 15940 E FM 273?
The closest schools to 15940 E FM 273 in Telephone, TX are Rayburn High School (Middle, rated 6/10), Sam Rayburn Elementary School (Pre-K, rated 8/10).