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$135,000

3121 Walnut Ave, Groves, TX, 77619

$137,442 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,300 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.85 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Range
FlooringVinyl

Exterior

Lot Size9,601 sqft

Building Information

Year Built1962
Stories1
Garage Spaces1

Land Information

APN044050-000-006400-00000
Lot Number19
SubdivisionMelrose
Land UseResidential
Legal DescriptionLOT 19 BLK 3 MELROSE MELROSE
Census Tract010600
Assessed Land Value$28,704
Assessed Improvement Value$210,894
Assessment Year2025

About this property

Charming vinyl-sided home featuring a 3-bedroom, 2-bath layout, a cozy wood-burning fireplace, and an attached garage with a fenced backyard. Conveniently located within the city limits of Groves. Schedule a showing today!

Investor Tools

$137,314Estimated Mortgage Balance
$102,284Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$137,442
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,438 /month
Positive
Cash Flow Estimate:
$479 /month

Interested in this property?

ROHN McMANUS

BAYOU STATE REAL ESTATE, LLC -- 9003431

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$582/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,783
$239,598
2025
$28,704
$210,894
$239,598
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,783
$239,598

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintrust Mortgage
Va
$153,012
Yes
First
Apr 24, 2021
May 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,314
$102,284
42%
57%
$918/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Groves

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3121 Walnut Ave | Property Details | No Agent List