7040 County Road 131B, Terrell, TX 75161
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Property image
FOR SALE
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5 ACRES

7040 County Road 131B
Terrell, TX 75161

  • 1 Bed
  • 1 Bath
  • 800 sqft (on 5 acres)

$400,000

Original price: $420,000
Est. Mortgage $2,771/mo*
Get Pre-Qualified

$400,000

Original price: $420,000
Est. Mortgage $2,771/mo*
Get Pre-Qualified
1 Bed
1 Bath
800 sqft
(on 5 acres)

Home Highlights

Parking
Garage
Outdoor
Deck
Price/Sqft
$500
Listed
61 days ago
Climate Control
Central, Electric & Central Air, Ceiling Fans

Local Information

  • Map ViewExplore the area around 7040 County Road 131B.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 8 hours ago
Listing courtesy of Roland Davis 0794833, (903) 567-3100
RE/MAX Landmark Rose, 903-567-3100
Source: NTREIS, MLS#21203139
Also Listed on NTREIS.

Home Details for 7040 County Road 131B

Interior Features

Interior Details
Number of Rooms: 5Types of Rooms: Master Bedroom, Dining Room, Full Bath, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 800 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, None, Septic AvailableAppliances: Dishwasher, Electric Cooktop, Electric Oven, RefrigeratorDishwasherLaundry: Common Area,Washer Hookup,Dryer Hookup,ElectricDryer HookupRefrigerator
Heating & Cooling
Heating: Central,ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),ElectricHas HeatingHeating Fuel: Central
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Luxury Vinyl Plank
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: Accessible Full Bath, Accessible Bedroom, Customized Wheelchair Accessible, Accessible Approach with Ramp, Accessible Doors, Accessible EntranceFloors: Luxury Vinyl Plank

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Awning(s), Covered, DeckFencing: Full, Gate, Metal, WireVegetation: ClearedOther Structures: WorkshopFoundation: Pillar/Post/Pier
Parking & Garage
No CarportHas a GarageNo Attached GarageParking: Additional Parking,Private,RV Garage,RV Carport,Secured
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank

Days on Market

Cumulative Days on Market: 147Days on Market: 61

Property Information

Year Built
Year Built: 2023
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Detached
Building
Construction Materials: Fiber CementNot Attached Property
Property Information
Usage of Home: Agricultural, Horses, Multi-Family, Residential, Single FamilyParcel Number: 20624

Price & Status

Price
List Price: $400,000Price Per Sqft: $500
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Media

Location

Direction & Address
City: TerrellCommunity: College Mound Acres
School Information
Elementary School District: Terrell ISDJr High / Middle School: Furlough, WoodJr High / Middle School District: Terrell ISDHigh School: TerrellHigh School District: Terrell ISD

Agent Information

Listing Agent
Listing ID: 21203139

HOA

No HOA

Lot Information

Lot Area: 5 Acres

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Miscellaneous

Mls Number: 21203139Living Area Range Units: Square FeetAttribution Contact: 903-567-3100

Around this home

What Locals Say about Terrell

At least 147 Trulia users voted on each feature.

  • 85 % Say car is needed

  • 83 % Say yards are well-kept

  • 79 % Say parking is easy

  • 75 % Say there's holiday spirit

  • 63 % Say kids play outside

  • 57 % Say it's dog friendly

  • 51 % Say people would walk alone at night

  • 50 % Say neighbors are friendly

  • 47 % Say it's quiet

  • 47 % Say there are sidewalks

  • 44 % Say they plan to stay for at least 5 years

  • 41 % Say there's wildlife

  • 39 % Say streets are well-lit

  • 29 % Say there are community events

  • 28 % Say it's walkable to restaurants

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Tsmart
    "Serene community. Clean as well"
    0
    Flag
  • Rochaj251815
    "It’s a better home away from home in Dallas! Safe and all the neighbors are so kind and supportive with one another "
    0
    Flag
  • Franklin Aguilera
    "Very calm and quiet neighborhood, cars are safe and my block is one of the best blocks in terrell i love this place, after 8 there is no more cars passing by."
    1
    Flag
  • Autumn Sheffield
    "Terrell is absolutely horrible for the amount of stray dogs and cats, along with a huge number of people dumping their animals. As an animal lover, it absolutely breaks my heart. "
    0
    Flag
  • S5fmj5bxm6
    "My commute is great! Easy access on and off two major highways! And great food to grab a quick bite if you’re hungry. "
    0
    Flag
  • Karii1209.ka
    "Some neighborhoods in Terrell do not have sidewalks or are unkept and are in my opinion too unsafe for children to walk to school. It is also not uncommon to see stray dogs roaming the streets with the potential of them being aggressive. "
    0
    Flag
  • Corley Merriman
    "It’s great to be in this town. We love it so much. We grew up here and are now growing our own family in this community "
    0
    Flag
  • Emma Chancellor
    "Interesting……a lot off odd characters that stick out in a bad way. But the city is trying to grow the community so we’ll see where it goes."
    0
    Flag
  • Amber
    "We have the Terrell Jubilee that happens each year along with Christmas celebrations and other events in the town. "
    3
    Flag
  • Teahouse76
    "It’s quiet and the people are friendly. The people keep their properties clean and well maintained. "
    1
    Flag
  • Joseph M.
    "None we don't have that here the only real events that we ever do have are once a year and that's 4th of July and almost every one goes but that's it."
    0
    Flag
  • Teahouse76
    "My neighborhood is very quiet and clean. Love this entire town. You can find so much to do no need to leave. "
    0
    Flag
  • Corley M.
    "Neighborhood is great and quiet. Everyone is friendly and keeps to themselves but are more than willing to help out "
    7
    Flag
  • Christina B.
    "all on leashes and are dog friendly neighborhood. everyone picks up after their own dogs mess. and puts in the the proper place the trash. and there are good nice sidewalks. "
    0
    Flag
  • Matt
    "There are no community events located in the city of Terrell except the junebaley which is once a year for one week of June. "
    0
    Flag
  • Michael J. D.
    "Quiet, calm, growing and positive. Rural, friendly and small. Family-oriented, safe, and diverse. "
    0
    Flag
  • Jamese.greer
    "Wish not to answer, don’t get me wrong it’s a great neighborhood and a great city with a million and one improvements happening. "
    0
    Flag
  • Corley M.
    "Easy to get to everything. Plenty of activities to do and new ones on the horizon. Good place to live "
    1
    Flag
  • Corley M.
    "The neighborhood is fantastic super fantastic love it this place is cool the neighbors are alright. "
    3
    Flag
  • Jay.will5665
    "My commute is at least 30 minutes one each day at least and traffic in the afternoons is 45 to 60 minutes. Traffic between Sunnyvale and Forney is horrible. "
    0
    Flag
  • Rhharbaugh
    "Friendly people everywhere, customer service great at businesses, neighbors friendly as well, nice town to live in"
    0
    Flag
  • Alison B.
    "Some dogs roam freely though there is high traffic and speeders through the neighborhood. City ordinances regarding registration and other requirements can be expensive and intrusive. Local vet clinics are the most inadequate and insensitive we have come in contact with."
    0
    Flag
  • AB
    "It's the arm pit of TX. No one lives here by choice. It's like quick sand. It sucks you in by force and pulls you under so you can never leave. The only positive is Jamie Fox grew up here."
    1
    Flag
  • Chris M.
    "This city has some really bad area's and some ok one's too. Not the worst town. North side of Terrell is more country feel and nicer area. South side of railroad tracks at night is not a safe area"
    0
    Flag
  • Glenda B.
    "I live in the outter part of the city, in the country. But we eat and shop in town. we enjoy Terrekk Heritage weekend. Terrells big on HS Football and pro for ing arts. Lots of old historical houses."
    0
    Flag
  • Lori S.
    "Close to Hwy 80 & I-20, morning commute is great! 205 can be a headache though, as there are several slow spots."
    0
    Flag
  • Tara r.
    "dogs ruin around loose all over sho it's difficult to walk your dogs sometimes. some of the schools are friendly and some are not and cause problems. "
    0
    Flag
  • Mardonpat
    "People walk their dogs here always on leashes if they are big Very dog friendly neighborhood We have wide streets and lots of trees"
    0
    Flag
  • Devbrookbjzaymom
    "It’s a good town for families to grow and develop. The schools are good with amazing teachers. I love my neighborhood, they are kind, considerate and welcoming"
    0
    Flag
  • Jadeinvestmentsunlimited
    "lived here for 3 years. The town has great potential. Love the small town feel but close enough to the big city."
    2
    Flag
  • Brady G.
    "I've lived in this neighborhood for 3 years an its pretty good, not much going on pretty safe, nice if your looking for a quiet place where you can enjoy your privacy an still sit on the front porch with a glass of iced tea"
    1
    Flag

Market trends in Terrell

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$307K
$3.17KMoM
Sale-to-List Price
98.2%
0.3%MoM
Price per sq ft
$177
$5MoM
Available listings
201
4MoM

Home Value

Trulia Estimate
$388K
Since last month
Decreased$13K (-3.3%)
Since last year
Increased$119K (+44.3%)
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 +579% in the last 10 years
MonthEstimated value
2026
August 2026$388K
July 2026$402K
June 2026$420K
May 2026$421K
April 2026$429K
March 2026$435K
February 2026$256K
January 2026$254K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
Bed
Bath
Sqft
7265 County Road 131B, Terrell, TX
0.29
Single-Family Home
-
12/12/25
3
2
1,798
7412 County Road 131A, Terrell, TX
0.46
Single-Family Home
-
01/13/26
3
2
2,361
7909 Kaufman, Terrell, TX
0.45
Single-Family Home
-
10/24/25
5
3
2,500
6358 Abner Rd, Bagwell, TX
1.34
Single-Family Home
-
09/30/25
3
2
1,277
13117 FM 429, Terrell, TX
1.65
Single-Family Home
-
02/12/26
3
2
1,350
10000 County Road 357, Terrell, TX
1.82
Single-Family Home
-
04/06/26
3
2
2,067
9500 County Road 136A, Terrell, TX
2.47
Single-Family Home
-
09/30/25
3
2
1,260
2627 Witness Tree Rd, Terrell, TX
2.33
Single-Family Home
-
07/17/26
3
2
2,020
2466 Blackjack Oak Rd, Terrell, TX
2.44
Single-Family Home
-
01/21/26
4
2
2,107
1398 Zagota Crossing Rd, Terrell, TX
2.97
Single-Family Home
-
04/21/26
3
2
1,800

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
County Road 131B, Terrell, TX 75161
0.07
$130,000
-
-
-
For Sale
7000 County Road 131B, Terrell, TX 75161
0.06
-
2
1
1,520
Recently Sold
7265 County Road 131B, Terrell, TX 75161
0.29
-
3
2
1,798
Recently Sold
County Road 136C, Terrell, TX 75161
0.25
-
-
-
-
Off Market
7086 County Road 131A, Terrell, TX 75161
0.28
$321,500
3
2
1,691
Off Market
7754 County Road 131, Terrell, TX 75161
0.41
$220,700
3
2
1,216
Off Market
7792 County Road 131, Terrell, TX 75161
0.42
$276,700
4
2
1,325
Off Market
0 FM 2728, Terrell, TX 75160
0.41
-
-
-
-
Off Market
7412 County Road 131A, Terrell, TX 75161
0.46
-
3
2
2,361
Recently Sold
7909 Kaufman, Terrell, TX 75160
0.45
$509,000
5
3
2,500
Off Market
7331 County Road 131A, Terrell, TX 75161
0.50
$228,600
-
-
-
Off Market

Price and Tax history

DateEventPrice
Aug 12, 2026
Source: NTREIS #21203139
PriceChange
$400,000
Price decreased by 5%
Jul 19, 2026
Source: NTREIS #21203139
PriceChange
$420,000
Price decreased by 5%
Jun 24, 2026
Source: NTREIS #21203139
Listed For Sale
$440,000
Jun 16, 2026
Source: NTREIS #21203139
ListingRemoved
$440,000
May 1, 2026
Source: NTREIS #21203139
PriceChange
$440,000
Price decreased by 2%

LGBTQ Local Legal Protections

Roland Davis, RE/MAX Landmark Rose, 903-567-3100
Agent Phone: (903) 567-3100
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 7040 County Road 131B

  • What is the estimated monthly payment for 7040 County Road 131B?
    Based on a $400,000 list price with 20% down at today's rates, the estimated monthly payment for 7040 County Road 131B in Terrell, TX is approximately $2,798 (about $2,086 principal & interest, $637 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 7040 County Road 131B compare to homes in Terrell?
    7040 County Road 131B in Terrell, TX is listed at $400,000, about 30% above the $307K median sale price in Terrell.
  • What do residents say about Terrell?
    Residents describe Terrell, TX as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See homes for sale in Terrell, TX.
  • What are the closest schools to 7040 County Road 131B?
    The closest schools to 7040 County Road 131B in Terrell, TX are Gilbert Willie Sr Elementary School (rated 3/10), Herman Furlough Jr Middle School (rated 3/10), Terrell High School (rated 3/10).
  • Does 7040 County Road 131B have air conditioning?
    Yes, 7040 County Road 131B in Terrell, TX has air conditioning.
  • Does 7040 County Road 131B have laundry facilities?
    Yes, 7040 County Road 131B in Terrell, TX has laundry facilities.
7040 County Road 131B, Terrell, TX 75161 is a 1 bedroom, 1 bathroom, 800 sqft single-family home built in 2023. This property is currently available for sale and was listed by NTREIS on Jun 24, 2026. The MLS # for this home is MLS# 21203139.