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$711,000

261 High Grove Rd, Cedar Creek, TX, 78612

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.76 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Refrigerator, Tankless Water Heater
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPlayground
Lot Size5.07 acres

Building Information

Year Built1995
Stories1
Roof Type112

Land Information

APNR66803
Lot Number10
SubdivisionS6188 - High Grove Ranch
Land UseResidential
Legal DescriptionHIGH GROVE RANCH, LOT 10, ACRES 5.0660
Census Tract950804
Assessed Land Value$301,954
Assessed Improvement Value$237,043
Assessment Year2025

About this property

***OFFER DEADLINE TUESDAY 9/7 5PM***Small acreage, charming home and perfect for horses - this property is a dream! The winding caliche drive takes you back to a ranch-style home, newly painted with an inviting front porch ready for your morning coffee. Nestled back in the trees, this is a private home without view of any neighbors. The west side shares a high fence where exotic game can be seen grazing close enough to feed while the back of the property is fenced for horses. There you will find a large two stall pole barn, enclosed hay barn and small waterproof tack or storage room. A second fenced area immediately around the lovely home is equipped with wooden playscape, tree fort, rock climb and separately enclosed above-ground pool (new in 2021) with deck. On the east side is a mechanic or hobbyist's paradise with garage, extended shop, covered workspace and two storage units. A successful small engine business is currently operating from this location. At the entrance to the property is a circular driveway, towering oaks and elms, a horse round pen and a carport. This 4 bed, 3 full bath home includes a primary and secondary suite which offers lots of flexibility, and don’t miss the flex space (office, nursery, work-out space, could even be converted to a kitchenette) off the primary suite. Close enough to the city with a peaceful country feel. Under 30 minutes to ABIA, COTA, and Tesla.

Investor Tools

Property Icon
$711,000
Estimated Property Value
$225,000Estimated Mortgage Balance
$491,660Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,266 /month
Positive
Cash Flow Estimate:
$1,422 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,120/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,879
$538,997
2025
$301,954
$237,043
$538,997
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,879
$538,997

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Home Loans Llc
Conventional
$225,000
No
First
Dec 20, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,682
$421,318
65%
31%
$1,349/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: Cedar Creek

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261 High Grove Rd | Property Details | No Agent List