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$699,000

1596 Lcr 800, Groesbeck, TX, 76642

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,242 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.78 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Water Heater
FlooringConcrete

Exterior

Exterior FeaturesDog Run, Fire Pit, Other
Lot Size70.94 acres

Building Information

Year Built1996
Garage Spaces1

Land Information

APNR10091
Land UseResidential
Legal DescriptionA021E M R PALACIOS-EAST, ACRES 70.945
Census Tract970700
Assessed Land Value$248,308
Assessed Improvement Value$190,570
Assessment Year2024

About this property

This is the one! Stately and secluded home located on 71 gorgeous, mostly wooded acres located in the Post Oak Savannah of Limestone County with frontage on the North East side of Lake Limestone with a full garage apartment, single car garage bay and adorable fixer upper cabin. Perfect blend of residential and recreational---with a mix of mature oak trees and other native trees and shrubs with a seasonal creek, signs of abundant wildlife and some established trails for walking or ATV usage. Main home features 2,242 square feet, 4 bedrooms and 2 bathrooms, large living room with wood burning fireplace, isolated main bedroom with connected bathroom, large closets throughout the home for plenty of storage, fantastic kitchen with pantry and plentiful cabinets, separate utility room, recessed lighting added in living room and bedrooms and recently replaced interior central HVAC unit. Exterior features include a fantastic wrap around covered porch that leads to a picnic table and firepit area behind the home which provides convenient access to the 1,250square foot 1 bedroom/1 bathroom detached garage apartment and 1 car garage/storage area, and fenced in dog run. Property also features a small 1 bedroom/1 bathroom cabin with kitchen area and lots of potential. This is a special property, and located within a short drive to Groesbeck as well as several public parks with boat ramps to access main body of Lake Limestone! Neighboring property uses Nextlink for high speed internet!

Investor Tools

Property Icon
$692,000
Estimated Property Value
$280,000Estimated Mortgage Balance
$548,578Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,078/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,472
$438,878
2024
$248,308
$190,570
$438,878
No

Tax History

Year
Tax Paid
Assessed Value
2022
$9,472
$438,878

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Land Bank Flca
N/A
$280,000
N/A
First
Jun 1, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,422
$548,578
79%
21%
$0/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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1596 Lcr 800 | Property Details | No Agent List