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A+
NoAgentList RatingHow are grades calculated? Info
Days308Days on Market
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$200,000

$225,000

186 Lcr 775, Groesbeck, TX, 76642

$260,000 ARVInfo
On MarketInfo
Price DropInfo
Baths452 Sq Ft
Year BuiltBuilt in 1986

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityCash Buyers

Exterior

Exterior FeaturesStorage
Lot Size1 acre

Building Information

Year Built1986

Land Information

APNR12391
Land UseResidential
Legal DescriptionA004WL J L CHAVERT-WEST LAKE LIMESTONE, ACRES 1
Census Tract970800
Assessed Land Value$45,000
Assessed Improvement Value$3,030
Assessment Year2024

About this property

Beautiful and unrestricted 1.28 Acre property perfect for a home-site or recreational use located on the West side of Lake Limestone minutes from FM 3371 bridge. Only steps away from lake access with a public boat ramp, dock, and picnic area, this property is a haven for outdoor enthusiasts. Featuring a spacious 40x44 parking structure built in 2023, ideal for boat, RV or equipment storage. With community water tap, additional private water well, electricity, septic system and privately owned propane tank--this property is ready for you to build your dream getaway! Conveniently located less than an hour from Waco, about an hour from College Station and less than 2.5 hours from Houston.

Investor Tools

Property Icon
$223,000
Estimated Property Value
$0Estimated Mortgage Balance
$223,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$260,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,338 /month
Positive
Cash Flow Estimate:
$446 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,088
$48,030
2024
$45,000
$3,030
$48,030
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,088
$48,030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$223,000
100%
0%
$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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186 Lcr 775 | Property Details | No Agent List