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A+
NoAgentList RatingHow are grades calculated?Info
Days144Days on Market
Views1view
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$150,000

1109 E Mclennan Ave, Mart, TX, 76664

$195,000 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,793 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$83.66 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven

Exterior

Exterior FeaturesPrivate Yard, Storage, Garden
Lot Size16,466 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces1

Land Information

APN320116000498000
Lot Number12,11B
SubdivisionMart Ot
Land UseResidential
Legal DescriptionMART OT LOT 11B 12 13A BLOCK 51 ACRES .378
Census Tract003601
Assessed Land Value$18,440
Assessed Improvement Value$142,870
Assessment Year2025

About this property

PRICED TO SELL BELOW APPRAISAL VALUE! It's that big-house-on-a big-lot type of property that you have been searching for & it's priced so the new home owner can truly make it their own! Whether it be your new home sweet home or next investment property, this is a must see at this price! ~1793 sq ft home boasts a bonus space, generous dining and living areas, a walk-in pantry and convenient in-house utility room as well as 3 bedrooms and 2 full bathrooms. In fact, it sits on 3 lots: a total of 0.38 acres! The moody, dark-colored galley kitchen is ideally positioned between the dining and living spaces which is a great floorplan for entertaining and everyday living. Off of the backdoor is the bonus room; perfect for an office, craft area, workout space or playroom. The sizable backyard is just loaded with potential - it has 4 storage sheds, even one with electrical that was recently added. Attached carport and ample space for parking. Located in the quaint town of Mart that's about 20 minutes to booming Waco, this home is also just a few seconds drive to all Mart main street amenities: Read's grocery store, a coffee shop, BBQ restaurant, and more! As-is sale.

Investor Tools

$281,645Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$195,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$968 /month
Positive
Cash Flow Estimate:
$323 /month

Interested in this property?

Mikayla Alred

Texas Premier Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,823
$161,310
2025
$18,440
$142,870
$161,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,823
$161,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Stand Alone Second / Subordinate Position
$145,319
No
First
Jun 30, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,645
N/A
0%
175%
$1,859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,210/mo
$1,859/mo
$-649/mo
9.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mart

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1109 E Mclennan Ave | Property Details | No Agent List