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$249,900

5948 Monroe St, Groves, TX, 77619

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,562 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.99 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringLaminate

Exterior

Lot Size12,349 sqft

Building Information

Year Built1962
Stories1
Garage Spaces4

Land Information

APN055400-000-002400-00000
Lot Number18
SubdivisionRidge
Land UseResidential
Legal DescriptionLTS 18 & 19 W65 B 4 RIDGE RIDGE
Census Tract010400
Assessed Land Value$36,556
Assessed Improvement Value$122,227
Assessment Year2025

About this property

Corner lot living in PNGISD! Nearly fully updated 4BR/2BA home with a 2-car garage + 2-car carport. The two rooms buyers care about most - the kitchen and bathrooms - are both done right. Gorgeous quartz countertops, fresh white cabinets, and an open living/kitchen combo flood with natural light from abundant windows. Updated hall bath. Gas range/oven, refrigerator, dishwasher, and built-in microwave all stay - and so do the washer and dryer in the garage! Separate dining area, newer front and back doors, and a layout that just feels good. And peace of mind? You've got that too - newer roof with windstorm certification already in place. 4 bedrooms mean room for everyone - a home office, guest room, kids, or all three. It's move-in ready with the big stuff already done and is located in one of Southeast Texas' most sought-after school districts. Come see it soon!

Investor Tools

Property Icon
$191,000
Estimated Property Value
$184,000Estimated Mortgage Balance
$0Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Kirby Smith

Kirby Smith Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,704
$148,312
2025
$36,556
$122,227
$158,783
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,704
$148,312

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neches Fcu
Open End Mortgage / Open End With Future Advance Clause
$139,000
No
First
Jan 12, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,482
N/A
0%
162%
$1,938/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: Groves

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5948 Monroe St | Property Details | No Agent List