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$319,500

500 S Ross Ave, Mexia, TX, 76667

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,350 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$95.37 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringTile, Wood

Building Information

Year Built1955
Garage Spaces1

Land Information

APNR20402
Lot Number1,2
Land UseResidential
Legal DescriptionRDIV 022-XXII MEXIA, BLOCK 001C, LOT 001 - 002
Census Tract970500
Assessed Land Value$22,990
Assessed Improvement Value$315,030
Assessment Year2024

About this property

Discover the charm of this beautiful craftsman style home situated on a huge lot located on Ross Ave. This home exudes character and beauty featuring over 3,300 sq. ft. of living space which includes a large living area with fireplace, a sunroom with fireplace and gorgeous windows to enjoy natural light, formal dining room, breakfast room, a great kitchen with lots of storage space, downstairs master bedroom, large master bathroom, ample closet space, downstairs half bath, 3 or 4 bedrooms upstairs, upstairs den or a 4th bedroom, and an office. Enjoy your morning coffee on the oversized front porch or the side porch while listening to the birds sing in the beautiful garden! The detached garage features an office space with a half bath or could be used as a guest house. The possibilities are endless. The garden house adds great character to this lovely home and features a beautiful red brick pathway, as well as, a charming picket fence. Make an appointment today to see this beauty!

Investor Tools

$0Estimated Mortgage Balance
$338,020Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

Interested in this property?

Scott Holloway

Realty Plus - Mexia

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$446/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,658
$338,020
2024
$22,990
$315,030
$338,020
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,658
$338,020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$338,020
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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