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$515,000

NAL Estimated Property Value

1191 Lcr 631, Groesbeck, TX, 76642

Off MarketInfo
Beds7 Beds
Baths2 Bath
Baths2,560 Sq Ft
price_per_sqft$248.79 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 2Bathrooms Full 2
FlooringCarpet, Vinyl

Exterior

Lot Size19 acres

Building Information

Year Built1993

Land Information

APNR10020
Land UseResidential
Legal DescriptionA345 J D MARTINEZ, ACRES 19
Census Tract970800
Assessment Year2024

About this property

Escape the city to this GRAND 19 acre property! It's a MUST SEE to take it all in. Step into this 7 bedroom, 2 bath home and be reminded of how pine tongue & groove walls are absolutely breathtaking! The home boasts an open living/kitchen/dining area with a large mudroom featuring a great amount of storage. Enjoy the 270 sq ft. screened in porch with wood burning stove. Windows, plumbing, roof and HVAC have been updated in the last few years. Step outside to the green house, chicken coop and 2018 metal 30x40 workshop with cement slab. A place to tinker, build, store atv's, hunting equipment or house whatever hobby you have. The home features a Rain Ranchers 10,000 gallon rain harvesting cistern complete with a 2 stage filtration & UV light pump. The acreage consists of scattered mature trees, plentiful wildlife, an acre stock tank that is 12' deep at the center with a 40ft pier that is stocked and ready for fishing. Come check this one out today!!

Investor Tools

Property Icon
$515,000
Estimated Property Value
$324,448Estimated Mortgage Balance
$190,552Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,821 /month
Positive
Cash Flow Estimate:
$1,274 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$295/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$970
$84,701
2024
N/A
N/A
$328,310
No

Tax History

Year
Tax Paid
Assessed Value
2022
$970
$84,701

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$336,000
No
First
Jun 3, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,448
$288,552
47%
63%
$2,015/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.

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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: Groesbeck

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1191 Lcr 631 | Property Details | No Agent List