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$159,000

247 Lcr 822, Groesbeck, TX, 76642

$206,700 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,292 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$107.97 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
FlooringNone

Exterior

Lot Size8 acres

Building Information

Garage Spaces2

Land Information

APNR10742
Land UseResidential
Legal DescriptionA004E J L CHAVERT-EAST, ACRES 8
Census Tract970700
Assessed Land Value$94,000
Assessed Improvement Value$47,000
Assessment Year2024

About this property

Discover this exceptional 8.09-acre property in a highly desirable area of Limestone County! Nestled just minutes from boat ramps and the scenic waters of Lake Limestone, this prime location offers the perfect blend of privacy, convenience, and recreational opportunity. The property features an older ranch-style home ready for renovation, making it a fantastic fixer-upper with unlimited potential. A private water well and a pond add to its value, providing natural beauty and self-sufficiency. Whether you're looking for a peaceful weekend retreat, a full-time residence, or an investment opportunity, this property is a rare find. Centrally located between Houston, Dallas, Fort Worth, Waco, and Austin, this is the ideal spot for those seeking country living with easy access to major cities. Don’t miss out on this unique opportunity—bring your vision and make this beautiful piece of Texas land your own!

Investor Tools

Property Icon
$159,000
Estimated Property Value
$53,675Estimated Mortgage Balance
$127,716Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$206,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$954 /month
Positive
Cash Flow Estimate:
$318 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,946
$141,000
2024
$94,000
$47,000
$141,000
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,946
$141,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Arliss Randall Bostain Etux
Unknown
$53,675
No
First
Jun 11, 2009
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$31,284
$127,716
80%
20%
$322/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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247 Lcr 822 | Property Details | No Agent List