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$253,000

254 Lcr 498, Mexia, TX, 76667

$255,690 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,312 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$95.27 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesVented Exhaust Fan, Electric Water Heater
FlooringVinyl, Wood

Exterior

Exterior FeaturesStorage, Other
Lot Size1.46 acres

Building Information

Year Built1964
Garage Spaces1

Land Information

APNR21391
Land UseResidential
Legal DescriptionA372 E C MITCHELL, ACRES 1.46
Census Tract970200
Assessed Land Value$28,250
Assessed Improvement Value$73,630
Assessment Year2024

About this property

This sweet 3 bedroom 1+ bath frame home will make a wonderful starter home or a great investment opportunity. Inside features include a large open kitchen and dining area and a spacious living room. Windows in every room with views of the beautiful mature trees. Located on 1.5 acres in the Point Enterprise community, theres room to roam, plant a garden or just enjoy quiet rural living. The outside storage with sink, shower and washer dryer connections is a plus factor! Carport and covered deck provide quick access for unloading the groceries on the rainy days. Septic system replaced in 2017. Make plans to view this one soon.

Investor Tools

Property Icon
$253,000
Estimated Property Value
$465,000Estimated Mortgage Balance
$0Estimated Equity
-84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$255,690
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,518 /month
Positive
Cash Flow Estimate:
$506 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$889
$101,880
2024
$28,250
$73,630
$101,880
No

Tax History

Year
Tax Paid
Assessed Value
2022
$889
$101,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David Sellers
Unknown
$465,000
No
First
Dec 27, 2013
Dec 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$420,003
N/A
0%
166%
$3,328/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Mexia

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254 Lcr 498 | Property Details | No Agent List