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7040 County Road 131b, Terrell, Texas– $390,990
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  • $391k Price
  • 1 Bed
  • 1 Bath
  • 800 Sqft
  • 5 Acres
  • 2023 Year Built
  • Study
  • Game Room
  • Media
  • Pool
  • $391k Price
  • 1 Bed
  • 1 Bath
  • 800 Sqft
  • 5 Acres
  • 2023 Year Built
  • Study
  • Game Room
  • Media
  • Pool

7040 County Road 131b
Terrell, Texas 75161-8008

County: Kaufman College Mound Acres

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.

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Tax Value @ 100% of Sales Price, HOA Included
Tax Value @ 85% of Market Value, HOA Not Included

Essential Information

  • Price$390,990
  • Est. Payment /m
  • Reduced By$59,010
  • Cumulative Days on MarketUnlock
  • MLS® #21203139
  • Bedrooms1
  • Bathrooms1.00
  • Square Footage800
  • Acres5.00
  • Year Built2023
  • Built Desc.Preowned
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive
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Quick Valuation Analysis from 3 Sold Listings

Pricing Trends from 3 Sold Listings in College Mound Acres

This Home's Price $390,990 This Home's Price Per SqFt $
Average Price $279,666 Average Price Per SqFt $
Highest Price $429,999 Highest Price Per SqFt $
Lowest Price $119,000 Lowest Price Per SqFt $

Property Details

School Information

Community

  • Address7040 County Road 131b
  • SubdivisionCollege Mound Acres
  • CityTerrell
  • CountyKaufman
  • StateTexas
  • Zip Code75161-8008
  • HOANone
  • UtilitiesElectricity Connected, Outside City Limits, Rural Water District, Septic, No City Services
  • Taxes5119

Amenities

  • GaragesAdditional Parking, Private, RV Carport, RV Garage, Secured

Interior

  • Interior FeaturesChandelier, Granite Counters, Open Floorplan, Paneling, Pantry
  • FloorsLuxury Vinyl Plank
  • Disability FeaturesAccessible Approach with Ramp, Accessible Bath - Full, Accessible Bedroom, Accessible Doors, Accessible Entrance, Customized Wheelchair Accessible

Exterior

  • FenceFull, Gate, Metal, Wire
  • Lot DescriptionAcreage

Construction Details / Floorplan

  • Living Areas1
  • Dining Rooms1
  • Full Baths1
  • RoofMetal
  • FoundationPillar/Post/Pier
  • ConstructionFiber Cement

Energy Efficiency / Green Features / Heating & Cooling

  • HeatingCentral, Electric

Private Listing Information (Registration Required)

Listing Details

  • AgentRoland Davis
  • OfficeRe/max Landmark Rose

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Listing information last updated on October 17th, 2026 at 12:45am CDT.