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$348,000

NAL Estimated Property Value

603 S Martin Luther King Jr Highway, Mexia, TX, 76667

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,010 Sq Ft
price_per_sqft$199.34 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesStorage
Lot Size4.95 acres

Building Information

Year Built1983

Land Information

APNR19825
Land UseResidential
Legal DescriptionA030M P VARELA-MEXIA ICL, BLOCK 027, ACRES 4.95
Census Tract970200
Assessed Land Value$61,880
Assessed Improvement Value$400,270
Assessment Year2024

About this property

Welcome to this delightful farmhouse, situated on just under 5 acres offers the perfect blend of rustic charm and modern convenience. Home has been completely redone three years ago including roof, AC units etc. With 4 spacious bedrooms and 2.5 bathrooms, this two story home is designed for both comfort and functionality, making it an ideal haven for families. Home features an open floor plan with master down with three bedrooms up. As you enter, you’ll be greeted by the inviting living room, featuring a cozy fireplace. The open layout seamlessly connects the living area to the dining space, creating an inviting atmosphere for entertaining family and friends. With ample space and tons of natural light, it serves as a tranquil retreat. Step outside to enjoy the expansive covered patio, where you can savor your morning coffee while taking in the serene views of your expansive property. Whether you’re hosting gatherings or simply unwinding after a long day, this outdoor space is perfect for enjoying the beauty of nature. The property also features a barn equipped with feeders, making it ideal for livestock enthusiasts or those looking to create their own farm. The possibilities are endless! Conveniently, there is a covered carport attached to the house that accommodates up to 4 vehicles, ensuring that your vehicles are protected from the elements while providing easy access to your home. Located just a short drive from local amenities, this farmhouse offers the perfect balance of rural living and modern conveniences. Its located between Waco, Houston, Dallas, and close to Bryan- College Station. Don't miss this opportunity to own a piece of paradise where you can create lasting memories.

Investor Tools

Property Icon
$348,000
Estimated Property Value
$0Estimated Mortgage Balance
$348,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,943
$325,453
2024
$61,880
$400,270
$462,150
No

Tax History

Year
Tax Paid
Assessed Value
2022
$5,943
$325,453

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$348,000
100%
0%
$0/mo

City: Mexia

603 S Martin Luther King Jr Highway | Property Details | No Agent List