- Hunt County
- Caddo Mills TX
- 75135
- Local Area: Trailstone Ph 4
Property Overview
Discover this newer 3-bedroom, 2-bath single-story home in the desirable Trailstone community of Caddo Mills. Built in 2023, this well-maintained 1,632-square-foot home features an open-concept floor plan filled with natural light, a spacious kitchen overlooking the living and dining areas, a cozy fireplace, and an energy-efficient tankless water heater. Enjoy relaxing on the covered patio with direct gated access to the neighborhood pond. Located in Caddo Mills ISD with easy access to I-30, this home offers modern comfort, thoughtful design, and a welcoming community lifestyle.
Featured spaces
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Property highlights
Year Built 2023
School District Caddo Mills Isd
HOA $480 Annually
Pool Yes
Parking 2-car garage, 2 covered
Pond Private pond
Architecture ContemporaryModern,Detached
Fireplace 1 Fireplaces
Neighborhood Trailstone Ph 4
Full Property Details
Property Details
Quick Details
- Price $239,995
- Status Activeundercontract
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,632 Sq Ft
- Lot Size 0.15 acres
- Lot Size Sq Ft 6,708
- Year Built 2023
- Price / Sq Ft $147 / Sq Ft
- MLS # 21332250
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Hunt
- Subdivision Trailstone Ph 4
- Days on Market 100
Home Details
- Full Baths 2
- Half Baths 0
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank, Tile
- Heating Central, Fireplaces
- Cooling Central Air, Ceiling Fans, Electric
Kitchen & Interior
- Appliances Dishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater
- Interior Features Built In Features, Decorative Designer Lighting Fixtures, Eat In Kitchen, Kitchen Island, Open Floorplan, Pantry, Smart Home, Walk In Closets
- Fireplaces 1
- Fireplace Features Gas Starter, Living Room
Lot & Exterior
- Lot Features Interior Lot, Landscaped, Level, Pond On Lot, Subdivision, Sprinkler System
- Exterior Features Lighting, Private Yard
- Fencing Back Yard, Wood
- Pool Features Community
Parking
- Parking Additional Parking, Drive Through, Driveway, Garage Faces Front, Garage, Garage Door Opener, Inside Entrance, Lighted
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $6,952
- HOA Fee $480 Annually
- HOA Includes All Facilities
Utilities
- Utilities Electricity Connected, Natural Gas Available, Municipal Utilities, Sewer Available, Separate Meters, Water Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Caddomills — Caddo Mills ISD
- Middle Caddomills — Caddo Mills ISD
- High Caddomills — Caddo Mills ISD
Listing Information
- MLS Board NTREIS
- List Date 07/16/2026
- Source Updated 10/23/2026
- Last Updated 10/23/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 308 Bailey Way
Hunt CAD (TrueProdigy) records for 308 Bailey Way, Caddo Mills, TX 75135 show a CAD market value of $255,967 and a net appraised value of $255,967. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Hunt CAD (TrueProdigy) property-tax and appraisal records for 308 Bailey Way, Caddo Mills, TX 75135, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Hunt CAD (TrueProdigy) Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $46,339 + Improvement Value $209,628 = CAD Market Value $255,967
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
Building
Value: $209,628 Total Area: 2228 Sqft Living Area: 1632 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,632 Sqft |
| ATTACHED | GA | 400 Sqft |
| OPEN PORCH W/ROOF | PO | 105 Sqft |
| OPEN PORCH W/ROOF | PO | 91 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $255,967 − All Current CAD Reductions $0 = Current Taxed Starting Point $255,967
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
CITY OF CADDO MILLS |
$255,967 | 0.4850 | $1,241 | — | $1,241 |
|
County
HUNT COUNTY |
$255,967 | 0.3332 | $853 | — | $853 |
|
Other Entity
HUNT MEMORIAL HD |
$255,967 | 0.2072 | $530 | — | $530 |
|
School District
CADDO MILLS ISD |
$115,967 (H) | 1.2552 | $3,213 | -$1,757 | $1,456 |
|
Municipal Management District (MMD)
CADDO MILLS MMD#1 |
$255,967 | 0.3400 | $870 | — | $870 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
Special District Context
- Municipal Management District (MMD): A special-purpose district that may appear as a separate taxing entity.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $6,708 − Est. Tax Reductions / Savings $1,757 = Est. Taxes (With Current Exemptions) $4,951
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,757. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $4,951 with the exemptions shown today and $6,708 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2023 | $41,720 | — | $41,720 | $41,720 | — |
| 2024 | $46,350 | $225,880 | $272,230 | $272,230 | +$230,510 / +552.52% |
| 2025 | $46,350 | $218,910 | $265,260 | $265,260 | -$6,970 / -2.56% |
| 2026 | $46,339 | $209,628 | $255,967 | $255,967 | -$9,293 / -3.50% |
| 2027 | — | — | — | — | — |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $239,995 − Current CAD Market Value $255,967 = Under CAD Value -$15,972 (-6.2%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND TRAILSTONE PH 4
A curated look at local favorites, everyday stops, and lifestyle context near this property.