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$242,000

$250,000

508 S Ross Ave, Mexia, TX, 76667

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.27 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Dryer, Gas Water Heater, Refrigerator, Washer
FlooringVinyl

Land Information

APNR21504
Lot Number3
Land UseResidential
Legal DescriptionRDIV 022-XXII MEXIA, BLOCK 001C, LOT 003
Census Tract970500
Assessed Land Value$7,640
Assessed Improvement Value$148,400
Assessment Year2024

About this property

Beautifully renovated and truly move-in ready, this charming home on Ross Avenue in Mexia offers the perfect blend of modern upgrades and comfortable living in a desirable neighborhood. This 3 bedroom and 2 bathroom home features 1,872 square feet and has been thoughtfully updated over the past few years. The property features recent wiring, plumbing, roof, HVAC system, high-efficiency windows, water heater, flooring, and fencing—providing peace of mind for years to come. Step inside to discover a bright, open-concept floor plan enhanced by raised ceilings and abundant natural light from numerous windows. The custom kitchen is a standout, showcasing granite countertops, stylish finishes, and plenty of space for cooking and entertaining. The primary suite offers a relaxing retreat, complete with an ensuite bath and a large closet featuring built-in cabinets and drawers, plus an additional closet for extra storage. Situated on a generous corner lot just over a quarter acre, the exterior amenities are just as impressive. Enjoy the convenience of a half-circle drive, carport, storage building, and even a chicken coop. The fully fenced backyard provides privacy and plenty of room to enjoy outdoor living. This beautifully updated home has it all—style, space, and functionality. Come see it today and fall in love!

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$156,040
2024
$7,640
$148,400
$156,040
No

Tax History

Year
Tax Paid
Assessed Value
2022
N/A
$156,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$183,000
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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508 S Ross Ave | Property Details | No Agent List