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$787,000

116 Oak Grove Dr, Rhome, TX, 76078

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,426 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.83 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters, Playground
Lot Size1.01 acres

Building Information

Year Built2020
Roof Type158
Garage Spaces7

Land Information

APNR0741.0D05.00
Lot Number5
SubdivisionFairview Meadows Ph1
Land UseResidential
Legal DescriptionLOT 5 BLK D FAIRVIEW MEADOWS PH1
Census Tract150606
Assessed Land Value$74,423
Assessed Improvement Value$458,598
Assessment Year2025

About this property

Welcome to peaceful country living with unforgettable Texas sunsets right from your own porch. Nestled on 1 acre in beautiful Rhome, this charming 4-bedroom, 2-bath home offers the perfect blend of quiet living and convenience—just a short drive to shopping, dining, and entertainment. Step inside to an inviting open-concept layout designed for gathering, hosting, and everyday comfort. The spacious kitchen flows seamlessly into the living and dining areas, making it the heart of the home. Out back, a large metal building provides endless possibilities—workshop, storage, hobby space, or even future expansion. Enjoy slow mornings on the covered front porch and wind down evenings on the covered back porch, taking in those picture-perfect sunset views that never get old. If you’re looking for space, serenity, and views—all while staying close to modern amenities—this property checks every box. Welcome home to Rhome, Texas.

Investor Tools

Property Icon
$787,000
Estimated Property Value
$448,000Estimated Mortgage Balance
$292,865Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,722 /month
Positive
Cash Flow Estimate:
$1,574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$858/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,359
$533,021
2025
$74,423
$458,598
$533,021
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,359
$533,021

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Credit Line (Revolving) / Heloc
$52,200
No
First
Oct 25, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,135
$292,865
37%
63%
$2,999/mo

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: Rhome

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116 Oak Grove Dr | Property Details | No Agent List