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$218,000

NAL Estimated Property Value

29599 GRACIA RD., RIO HONDO, TX, 78596

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,232 Sq Ft
price_per_sqft$162.34 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
FlooringTile

Exterior

Lot Size1 acre

Building Information

Year Built1979
Stories1

Land Information

APN78-1010-3410-0200-00
SubdivisionSan Benito Irrigated Land Co Subd
Land UseResidential
Legal DescriptionABST2 - S B I CO BLK 341 S10W20, 1 .0000 ACRES
Census Tract010102
Assessed Land Value$83,146
Assessed Improvement Value$84,092
Assessment Year2025

About this property

This home, in the heart of Rio Hondo, is the perfect investment for anyone looking to expand their portfolio. Set on one peaceful acre, with the added privacy of a boundary of pine trees, in front of the home, this is, also, the perfect opportunity for those seeking a serene sanctuary close enough to the amenities of a city. Additional features include upgrades throughout the home. See documents for the Seller's Disclosure, On-Site Sewer Disclosure, and an info sheet. The Survey, from April of 2024, is already on file at Title. This property is conveniently-located exactly 2 miles from Rio Hondo High School, exactly 1 mile from Rio Hondo Medicine, and is near a park/walking trail. It is, also, just minutes away from restaurants, gas stations, and shopping. *Jon Hathway, of RGV Abstract, in Harlingen, required as the Escrow Officer.* *CONTACT LA FOR MORE INFO.* OWNER-FINANCING AVAILABLE!

Investor Tools

Property Icon
$218,000
Estimated Property Value
$389,326Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,318
$167,238
2025
$83,146
$84,092
$167,238
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,318
$167,238

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hallmark Home Mortgage Llc
Va
$199,999
Yes
First
Oct 28, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,326
N/A
0%
179%
$2,400/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: RIO HONDO

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29599 GRACIA RD. | Property Details | No Agent List