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$375,000

$397,500

511 E Farrar Street, Groesbeck, TX, 76642

On MarketInfo
Price DropInfo
Beds6 Beds
Baths5 Bath
Baths4,037 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$92.89 / sqft
Year BuiltBuilt in 1924

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Half 5Bathrooms Half 5
AppliancesDishwasher, Gas Cooktop, Double Oven, Refrigerator
FlooringCombination

Exterior

Exterior FeaturesAwning(s), Balcony

Building Information

Year Built1958

Land Information

APNR8124
Lot Number3-5
Land UseResidential
Legal DescriptionBROWN ADDITION GROESBECK, BLOCK 004, LOT 003 - 005, (S/25' OF 3)
Census Tract970600
Assessed Land Value$12,190
Assessed Improvement Value$567,970
Assessment Year2024

About this property

Price adjusted!!! Spacious Texas country home meets Spanish style villa! Located in the heart of one of Groesbeck's most desirable, established neighborhoods on almost a half an acre. The home's original 1924 exterior brick has been utilized to form beautiful sidewalks that wind around the property. The Austin stone exterior features an extensive wrap-around porch, terra cotta style tiled metal roof, attached carport, spacious driveway that leads to a back patio perfect for entertaining. The home's charming interior features over 4,000 square feet with 4 bedrooms and 4 bathrooms in the main home, 2 living rooms, formal dining space and two additional rooms that could be utilized for home offices, or additional bedrooms if needed. Primary bedroom with attached bathroom is located on the main floor and features a walk-in closet, bathroom with sunken jetted bathtub, separate river rock floored shower, and more! Two of the upstairs bedrooms feature private access to nice sized terraces overlooking the neighborhood. So much of the original character throughout including a gorgeous original staircase, built-ins throughout, 3 fireplaces, 11' ceilings, pocket doors, French doors and more. The spacious kitchen features an abundance of cabinets, top-of-the-line appliances (Viking gas range), separate breakfast nook, dishwasher and double ovens. Additional upgrades include a geo-thermal HVAC system, black fiberglass windows, tankless instant hot water heater, and more. Property also features a unique 2 story carriage house with storage on the first floor and an additional bedroom with its own private half bathroom upstairs. This home is a showstopper!

Investor Tools

Property Icon
$580,160
Estimated Property Value
$0Estimated Mortgage Balance
$244,695Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,481 /month
Positive
Cash Flow Estimate:
$1,160 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,047/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,665
$580,160
2024
$12,190
$567,970
$580,160
No

Tax History

Year
Tax Paid
Assessed Value
2022
$9,665
$580,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Castle & Cooke Mortgage Llc
Conventional
$342,000
No
First
May 30, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,465
$244,695
42%
58%
$2,051/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: Groesbeck

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511 E Farrar Street | Property Details | No Agent List