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$299,900

194 LCR 614, Groesbeck, TX, 76642

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths700 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size40.67 acres

Land Information

APNR133491
Land UseAgriculture / Farming
Legal DescriptionA229 H HENDRICK, ACRES 40.67
Census Tract970600
Assessed Land Value$294,690
Assessment Year2024

About this property

Discover the endless possibilities on this 40-acre AG-exempt property located outside the city limits with no known restrictions. Whether you’re searching for the perfect place to build your dream homestead, establish a working ranch, create an income-producing investment, or develop a recreational retreat, this property offers the flexibility to bring your vision to life. The land is fully fenced and features a water meter already in place, saving valuable time and development costs. With its AG exemption, you’ll enjoy potential tax savings while maintaining the rural lifestyle that makes country living so desirable. This property is ideal for a variety of uses, including a private ranch for livestock and horses, a family homestead with room for multiple generations, or even a future development opportunity. With no known restrictions, investors may also explore the potential for subdividing into smaller tracts, creating a RV park, developing a tiny home community, or establishing a weekend getaway destination. The possibilities are truly endless. Surrounded by wide-open Texas skies and peaceful country views, this property provides the perfect balance of privacy, freedom, and opportunity while remaining within convenient reach of nearby towns and amenities. Property Highlights: 40 Acres AG Exempt No Known Restrictions Water Meter Installed Fully Fenced Outside City Limits Ideal for Ranching, Livestock, and Horses Excellent Homestead or Family Compound Potential Possible RV Park or Tiny Home Development Opportunity Potential to Subdivide (Buyer to Verify) Recreational, Hunting, or Investment Property Endless Possibilities! Whether you’re looking to build your forever home, expand your agricultural operation, create passive income opportunities, or invest in Texas land, this exceptional property is ready to make your dreams a reality. Schedule your showing today and explore all the possibilities this remarkable acreage has to offer!

Investor Tools

Property Icon
$18,390
Estimated Property Value
$0Estimated Mortgage Balance
$18,390Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Antoinette Ratliff

Texas Premier Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$122/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,372
$18,390
2024
$294,690
N/A
$294,690
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,372
$18,390

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$18,390
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.

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: Groesbeck

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