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$270,000

220 Lcr 396, Groesbeck, TX, 76642

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,294 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.66 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Electric Water Heater

Exterior

Lot Size6.09 acres

Land Information

APNR131128
Land UseAgriculture / Farming
Legal DescriptionA698 W T SMILEY, ACRES 6.09
Census Tract970600
Assessment Year2024

About this property

***BACK ON MARKET**** Back on market due to buyer financing. Because of the original build year (PRE 1976), financing will need to be through a local bank or portfolio lender, or cash purchase. TURNKEY COUNTRY RETREAT— in Groesbeck ISD! This beautifully updated 4-bedroom, 2-bath home sits on just under 14 UNRESTRICTED acres with everything you’ve been looking for—POND, BARN, perimeter fencing, and a gated entrance! Inside, the home has been fully renovated from the studs to the rafters—new metal roof, HVAC, plumbing, electrical, tape & texture, paint, floors, countertops, lighting, fixtures—you name it, it’s NEW. Enjoy the covered front porch, oversized carport, and open layout perfect for entertaining or relaxing after a day on the land. Hunters and hobby farmers, take note: you can hunt your own land, raise animals, or finally start that mini-farm dream. The livestock barn is ready for your tools or livestock. Conveniently located just 6 minutes from town on a county-maintained paved road, you’ll enjoy both peace and privacy without giving up quick access to dining, groceries, and schools. Located in highly sought-after Groesbeck ISD, only 6 minutes from the elementary and 8 minutes from the high school. Easy commute and central location in the middle of the “Texas Triangle” to: • Waco – 35 min • College Station – 1.5 hrs • Dallas – 1.5 hrs Austin - 2 hrs • Houston – 2.5 hrs This one checks ALL the boxes and then some—don’t wait!

Investor Tools

Property Icon
$180
Estimated Property Value
$0Estimated Mortgage Balance
$180Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

Interested in this property?

Nina Perry

AZURE SKY REALTY, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$0/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1
$180
2024
N/A
N/A
$51,770
Yes (2014)

Tax History

Year
Tax Paid
Assessed Value
2022
$1
$180

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$180
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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220 Lcr 396 | Property Details | No Agent List