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$280,000

308 Texas Ave, Hewitt, TX, 76643

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,724 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.41 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Vented Exhaust Fan

Exterior

Exterior FeaturesRain Gutters, Garden
Lot Size18,443 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN363300000023004
Lot Number23
SubdivisionParker Hts
Land UseResidential
Legal DescriptionPARKER HTS LOT 23 BLOCK A ACRES .4234
Census Tract003708
Assessed Land Value$28,960
Assessed Improvement Value$253,570
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 2-bathroom home offering 1,724 sqft of comfortable living space! From the moment you arrive, you’ll notice the mature front tree providing extra shade, along with rain gutters, a new roof, newer HVAC and a driveway leading to the 2-car garage. Garage door opener can be controlled with an app, for added convenience. Step inside to find laminate flooring throughout and a spacious living room featuring a cozy wood-burning fireplace with a beautiful white brick accent wall and mantle. Large windows bring in plenty of natural light, while two ceiling fans add extra comfort. Sliding glass doors lead into the sunroom, complete with its own ceiling fan and direct access to the backyard. The kitchen offers plenty of cabinet space, an electric cooktop, built-in oven, dishwasher, and countertop seating perfect for barstools and casual dining. The bedrooms are generously sized, and the primary bedroom includes his-and-her closets for added storage and convenience. Both bathrooms include ample cabinet storage, large mirrors, and plenty of counter space. Step outside to enjoy the fully fenced backyard with plenty of room for entertaining, pets, or outdoor activities, plus several mature trees for added shade and privacy.

Investor Tools

Property Icon
$270,000
Estimated Property Value
$147,283Estimated Mortgage Balance
$153,649Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,003
$259,277
2025
$28,960
$253,570
$282,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,003
$259,277

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$147,283
Yes
First
Aug 5, 2016
Sep 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,351
$153,649
56%
43%
$884/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,720/mo
$884/mo
+$836/mo
7.6%

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.

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: Hewitt

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308 Texas Ave | Property Details | No Agent List