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$365,000

481 Washington Ave, Waxahachie, TX, 75165

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,790 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.91 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,011 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.3838.019.051.00.112
Lot Number51
SubdivisionEstates Of North Grove Ph 2
Land UseResidential
Legal DescriptionLOT 51 BLK 19 ESTATES OF NORTH GROVE PH 2 0.138 AC
Census Tract060212
Assessed Land Value$70,000
Assessed Improvement Value$273,446
Assessment Year2025

About this property

Welcome home to this beautifully maintained 3-bedroom, 2-bathroom with a private study, located in the sought-after Estates of North Grove, Waxahachie's master-planned community. Built in 2021, this nearly new residence offers a functional and inviting layout with high ceilings adorned with multiple recessed features and crown molding, a wood-burning fireplace, and abundant natural light. The kitchen boasts bright white cabinets extended to the ceiling, granite countertops, a center island, and comes complete with an LG French door refrigerator. The spacious primary suite includes separate vanities, a garden tub, and a walk-in shower. Additional features include rear-entry garage access, a full laundry room with washer and dryer included, and a beautifully landscaped yard. Enjoy all the amenities of North Grove—a master-planned community with three parks, a swimming pool, and paved walking trails. This home is ideally positioned directly across from Max K Simpson Elementary School, part of the highly regarded Waxahachie ISD. Move-in ready and ideally positioned in one of Waxahachie’s most desirable neighborhoods.

Investor Tools

Property Icon
$362,000
Estimated Property Value
$365,000Estimated Mortgage Balance
$2,338Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,729
$343,446
2025
$70,000
$273,446
$343,446
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,729
$343,446

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Va
$365,000
Yes
First
Jul 15, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,662
$2,338
0%
99%
$2,189/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,689/mo
$-117/mo
8.5%

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: Waxahachie

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481 Washington Ave | Property Details | No Agent List