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$283,000

304 Allison Ave, Groesbeck, TX, 76642

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,170 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.12 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesRefrigerator, Gas Water Heater
FlooringConcrete, Vinyl

Building Information

Year Built1986
Garage Spaces1

Land Information

APNR9187
Lot Number2
Land UseResidential
Legal DescriptionDURHAM ADDITION SEC 1 GROESBECK, BLOCK 004, LOT 002
Census Tract970600
Assessed Land Value$13,750
Assessed Improvement Value$108,100
Assessment Year2024

About this property

This charming yet cozy home is just what you need. The property offers a very functional floorplan that includes 2 bedrooms and 1 bathroom. Highlights of this house include new exterior paint, new windows, and a smart refrigerator. Other features include a new washer & dryer, fireplace, new central air & heat, and recently new fence around the backyard. If you are looking to downsize then this is the perfect place for you or would be a great starter home.

Investor Tools

Property Icon
$283,000
Estimated Property Value
$142,373Estimated Mortgage Balance
$149,155Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,698 /month
Positive
Cash Flow Estimate:
$566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,484
$121,850
2024
$13,750
$108,100
$121,850
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,484
$121,850

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Fha
$142,373
Yes
First
Feb 16, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,845
$149,155
52%
47%
$854/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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304 Allison Ave | Property Details | No Agent List