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$169,900

492 Lcr 431, Mexia, TX, 76667

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,456 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.69 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Cooktop, Electric Oven
FlooringLaminate, Other

Exterior

Exterior FeaturesOther

Building Information

Year Built2022
Garage Spaces2

Land Information

APNM131353
Land UseResidential Mobile Home
Legal DescriptionA029S A VARELA-SHILOH, MH ON R21544
Census Tract970700
Assessed Improvement Value$63,240
Assessment Year2023

About this property

Farmhouse in the Country. Enjoy much peace on this nice property just minutes from town. There is a nice black topped county road, plenty of room for an additional residence on this property that has over 1.6 acres with a small pond in the back corner and plenty of elbow room between you and your neighbors. This home was completely renovated a couple of years ago. It has a new septic system, and granite countertops in kitchen and baths. The pier and beam home has become unlevel in parts of the home and so it is priced accordingly. This can be a 3 or 4 bedroom home as the back enclosed porch area has been used as a bedroom before as pictured. This room also has a closet, utility area with washer and dryer hookups and a full bathroom with a shower tub combo. The 2nd bathroom is centrally located in the hall across from 2 of the bedrooms and the largest primary bedroom is near the front of the home just off the living area. There is an extra electrical service on the property where there was a tiny home that was used for rental income. You could easily do the same or construct a guest house on the property. With a little TLC this property could be just what you are looking for.

Investor Tools

$0Estimated Mortgage Balance
$124,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,019 /month
Positive
Cash Flow Estimate:
$340 /month

Interested in this property?

Dawn James

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$129/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$63,240
2023
N/A
$63,240
$63,240
No

Tax History

Year
Tax Paid
Assessed Value
2022
N/A
$63,240

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$124,000
100%
0%
$0/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.

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: Mexia

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492 Lcr 431 | Property Details | No Agent List