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$170,000

508 E Main St, Mexia, TX, 76667

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,174 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$105.57 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesGas Water Heater, Disposal, Double Oven, Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringVinyl, Wood

Exterior

Exterior FeaturesRain Gutters, Storage

Building Information

Year Built1954
Garage Spaces3

Land Information

APNR21155
Lot Number6,7
Land UseResidential
Legal DescriptionBLOCK 143 MEXIA, LOT 006 - 007, (E/25' OF 7)
Census Tract970500
Assessed Land Value$7,590
Assessed Improvement Value$126,000
Assessment Year2024

About this property

I wish homes could talk. Don't you know they'd have some stories to tell? Surely, there would be some sad tales but some homes are like people who just exude happiness, friendship and goodwill the minute you walk thru the door. Like this incredibly charming and comfortable home at 508 E Main. You'll immediately feel hugged when you first step onto the amazing front porch. Feel that nice breeze on your shoulder? Take a moment to relax and enjoy that peacefulness. Inside, the 12 ft high ceilings in the main living areas and many windows create a wonderful sense of bright airiness. If you pause long enough to imagine, I bet you'll smell the aroma of a wonderful home cooked meal wafting from the kitchen at the back of the home. No need to be formal, but if that's your preference the enormous dining room is large enough to accommodate the biggest families and the best of friends. Don't forget game night! The sunny breakfast room is perfect for hosting a card party. Let the fun spill out into the fenced back yard for a great July 4th BBQ! How about a fierce game of horseshoes or toss a ball or two around. At Christmas, you'll have the best seat in town to see the annual parade lineup and perhaps even a personal visit from the bearded man in the red suit too! No, this isn't just an ordinary house for sale. It's the best kind of lifestyle in a home that is ready for you to create your own special memories and stories to share thru the years. It's time to work to live! Rather than living to work, come enjoy a life authenticity that you can't have just anywhere. Mexia may just be your Mayberry!

Investor Tools

Property Icon
$170,000
Estimated Property Value
$0Estimated Mortgage Balance
$170,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,377 /month
Positive
Cash Flow Estimate:
$459 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,540
$133,590
2024
$7,590
$126,000
$133,590
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,540
$133,590

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$170,000
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.

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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: Mexia

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508 E Main St | Property Details | No Agent List