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$75,000

307 E State St, Groesbeck, TX, 76642

$87,144 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,008 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$74.4 / sqft

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesGas Range, Gas Water Heater
FlooringCarpet, Vinyl

Building Information

Garage Spaces1

Land Information

APNR9686
Lot Number1,2
Land UseResidential
Legal DescriptionBLOCK 126 GROESBECK, LOT 001 - 002, (W/25' OF 2)
Census Tract970600
Assessed Land Value$5,610
Assessed Improvement Value$67,140
Assessment Year2024

About this property

This is a 3 bedroom and 2 bathroom home located on a corner lot in Groesbeck, Texas. Needs some work, but lots of renovations and updates including recent roof, foundation leveling, replaced plumbing sewer and water lines, some electrical and additional insulation added. Home has central heat with recent ductwork and window units for AC. Gas stove, gas hot water heater and gas furnace. Renovated bathrooms, and some recent flooring. Attached carport with storage room and covered back porch area and older storage building. Would be great for owner occupant or as a rental!

Investor Tools

Property Icon
$85,000
Estimated Property Value
$72,750Estimated Mortgage Balance
$12,884Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$87,144
Rent-to-Value Ratio: 0.72%
Rent Estimate
$510 /month
Positive
Cash Flow Estimate:
$170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$63/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$329
$72,750
2024
$5,610
$67,140
$72,750
No

Tax History

Year
Tax Paid
Assessed Value
2022
$329
$72,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$72,750
No
First
Nov 3, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$72,116
$12,884
15%
85%
$437/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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307 E State St | Property Details | No Agent List