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$519,000

1233 Green Elm Road, Graford, TX, 76449

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,035 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.04 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Cooktop
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesOutdoor Kitchen, Outdoor Grill
Lot Size21,780 sqft

Building Information

Year Built2021
Garage Spaces4

Land Information

APN226290490
Lot Number2
SubdivisionWater Ridge Estates
Land UseResidential
Legal DescriptionWATER RIDGE ESTATES BLK D LOT 2 G#W0500-00-000D0-002-00-0
Census Tract000100
Assessed Land Value$65,340
Assessed Improvement Value$383,700
Assessment Year2025

About this property

Looking for a Possum Kingdom Lake home with room for your boat or RV and easy access to the water? Welcome to gated Water Ridge Estates, where this ranch-style home combines great curb appeal, flexible living space & the relaxed lake lifestyle you've been dreaming about. Step inside to soaring ceilings, large windows & plantation shutters that fill the home with natural light. The open kitchen, dinette & living room create an inviting gathering space centered around a cozy fireplace. The kitchen features stainless steel appliances, generous cabinetry & a corner walk-in pantry. A rare bonus is 2 primary suites, each with a tile shower, long double vanity & private toilet room, perfect for guests, extended family or comfortable everyday living. A 3rd bedroom sits across the hall from the main bath with tub shower. The flex room with double doors offers even more possibilities as a formal dining room, office or flex room. Bring the boat, RV & lake toys! The impressive 20x10 garage is 16 ft. tall with overhead doors & automatic openers on both ends, providing convenient drive-through access. Outside, the covered patio with corner fireplace, sink & ceiling fan is made for morning coffee, game day gatherings & evenings relaxing by the fire. The fenced backyard offers privacy & room to play, while the oversized lot extends beyond the currently sodded area. Best of all, gated Water Ridge Estates gives you more ways to enjoy PK with a community pool plus access to Tranquility Cove with a private boat ramp, courtesy dock & RV camping area for your out of town guests. Launch the boat, spend the day on Possum Kingdom Lake, come home, light the fire and enjoy the reason you moved to PK.

Investor Tools

$293,503Estimated Mortgage Balance
$198,497Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,114 /month
Positive
Cash Flow Estimate:
$1,038 /month

Interested in this property?

Judy Smith

RE/MAX Elite Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
$720/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,618
$449,040
2025
$65,340
$383,700
$449,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,618
$449,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colonial Savings Fa
Conventional
$312,750
No
First
Apr 20, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,503
$198,497
40%
60%
$1,876/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: Graford

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1233 Green Elm Road | Property Details | No Agent List