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$373,000

403 Allison Ave, Groesbeck, TX, 76642

Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,153 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.24 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Water Heater
FlooringTile, Vinyl

Building Information

Year Built1983
Garage Spaces4

Land Information

APNR12649
Lot Number12
Land UseResidential
Legal DescriptionDURHAM ADDITION SEC 1 GROESBECK, BLOCK 001, LOT 012
Census Tract970600
Assessed Land Value$13,320
Assessed Improvement Value$236,110
Assessment Year2024

About this property

Spacious custom brick home located in one of Groesbeck's best neighborhoods. This home has recently had interior updates including, new paint throughout the house as well as exterior. This property features 5 bedrooms and 2 bathrooms. The living room includes a vaulted ceiling and a fireplace that opens up to the kitchen. If you are looking for a home that is move in ready, then this is the house for you. Other amenities include potential home office, fenced backyard, and covered parking with an attached workshop.

Investor Tools

Property Icon
$373,000
Estimated Property Value
$219,322Estimated Mortgage Balance
$164,681Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,238 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,139
$249,430
2024
$13,320
$236,110
$249,430
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,139
$249,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Fha
$219,322
Yes
First
Aug 11, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,319
$164,681
44%
56%
$1,315/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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403 Allison Ave | Property Details | No Agent List