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$374,050

196 LCR 389, Mexia, TX, 76667

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,944 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.9 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesElectric Water Heater, Refrigerator
FlooringTile

Exterior

Lot Size19.74 acres

Building Information

Year Built2002
Garage Spaces4

Land Information

APNR20699
Land UseAgriculture / Farming
Legal DescriptionA030 P. VARELA, BLOCK 032, ACRES 19.74
Census Tract970200
Assessed Land Value$177,790
Assessed Improvement Value$357,090
Assessment Year2024

About this property

This property is a rare find in Limestone County! Very basic and easy to maintain metal home with 3 large bedrooms, 2.5 baths is the perfect place to gather for great times on the river. Sit on the covered back porch and watch the deer graze in the meadow. With extensive Navaota River frontage, this property is just waiting for someone with the vision to make their getaway dreams comes true. Perfect spot to enjoy canoeing or kayaking on the river! It is the ideal recreational property with plentiful wildlife for the outdoor enthusiast. Fantastic Airbnb opportunity for the right investor! Make plans to come see this once in a lifetime opportunity.

Investor Tools

Property Icon
$374,050
Estimated Property Value
$0Estimated Mortgage Balance
$374,050Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$374,050
2024
$177,790
$357,090
$534,880
No

Tax History

Year
Tax Paid
Assessed Value
2022
N/A
$374,050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$374,050
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: Mexia

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196 LCR 389 | Property Details | No Agent List