Jonathan Olvera

460 S Fm-55

Italy, TX
$ 574,999 Beds 6 Baths 3 Sq 2,818 Virtual Tour
Monthly Estimate* How much can I afford?

Escape to true Texas country living on this spacious five-acre property, just minutes from the highway and outside city limits for extra privacy and freedom. This unique home offers six bedrooms and three full baths, with a floor plan that functions like a duplex. One end feature three bedrooms, a full bath, a kitchen, and a living area, while the other end offers two full baths, three bedrooms, a kitchen, and its own living area, perfect for multi-generational living, rental income, or hosting guests. Recently renovated throughout, this exceptional home also features a roof recently replaced in 2025 and a newly replaced A.C. compressor. Don't miss this rare opportunity to own acreage with room to grow.

Active

  • Price
  • $ 574,999
  • City
  • Italy
  • Bedrooms
  • 6
  • Full Bathrooms
  • 3
  • County
  • ELLIS
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 5.02 Acres
  • Zip
  • 76651
  • Sqr Footage
  • 2,818
  • Year Built
  • 1984
  • Taxes
  • $ 5642
  • Style
  • Single Family Residence
  • MLS#
  • 21388825
Listed By: NextHome Property Advisors
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Fireplace(s)
Cooling Ceiling Fan(s),Central Air,Wall/Window Unit(s),Window Unit(s)
Utilities Co-op Water,Electricity Available,Individual Gas Meter,Individual Water Meter,Outside City Limits
Possession Negotiable
Roof Shingle
Appliances Dishwasher,Gas Cooktop,Gas Range
Number of Garage Spaces 2
School District Avalon ISD
Year Built 1984
Levels One
Unexempt Taxes 5642
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name E C School Land
Transaction Type For Sale
County Ellis
Property Type Residential
Construction Materials Brick
HOA Type None
Full Baths 3
Status Active
Directions From U.S. 77 south,turn onto F.M. 55 south and continue for a few miles. The property will be on your left,look for the sign.
City Italy
Elementary School Name Avalon
High School Avalon
Elementary School Avalon
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21388825
Standard Status Active
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan

Interior Features

Interior Features Other
Fireplace Features Brick
Fireplaces Total 1
Dining Areas 1
Living Areas 2
Room Count 7
Lock Box Type See Remarks
Total Bedrooms 6
Total Baths 3
Laundry Features Dryer Hookup,Washer Hookup

Exterior Features

Parking Features Gravel
Lot Size 5 to < 10 Acres
Foundation Slab
Lot Size Area 5.0200
Lot Size Units Acres
Structural Style Single Detached
Garage Y/N Yes
Lot Size Square Feet 218671.2000
Lot Size Acres 5.0200
Attached Garage Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Avalon Elementary School
Middle School Unknown Middle School
High School

Price History

9/17/2026 Listed $574,999

Property vs Zip Code Average in 76651

Price
AVG $370K
$570K
Taxes
AVG $4,975
$5,642
Year Built
AVG 1980
1984
Visits
AVG 52
7
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

460 S Fm-55 Italy, TX is a Single Family Home for sale at $574999 with 2818 sqft and a lot size of 5.02 Acres Acre(s). 460 S Fm-55 Italy has 6 bedrooms, 3 baths and was built in 1984. The property's zip code is 76651 which is in Italy, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Jonathan Olvera

Jonathan Olvera

254-723-5663

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