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$62,249

NAL Estimated Property Value

609 W Grove St, Terrell, TX, 75160

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size11,095 sqft

Land Information

APN00.4070.0092.0001.05.06.06
SubdivisionWestern
Land UseResidential
Legal DescriptionWESTERN BLOCK 92 LOTS 1F,1E,1D
Census Tract050500
Assessed Land Value$62,249
Assessment Year2025

About this property

Gorgeous corner lot, New construction home is Pending for 226000.00 right behind it. So whether, your looking to build your next investment property, or your personal home, this property is excellent for you. Its also a rock throw away from the areas Walmart's and local super markets. only 30 minutes away from Rockwall and 30 minutes away from Dallas, you won want to miss out on this one. Price to high, no worries all offers will be entertained, seller is motivated and willing to make a deal.

Investor Tools

Property Icon
$62,249
Estimated Property Value
$35,532Estimated Mortgage Balance
$26,717Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$384 /month
Positive
Cash Flow Estimate:
$128 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$135/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,303
$62,249
2025
$62,249
N/A
$62,249
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,303
$62,249

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thomas Joseph Investments Llc
Purchase Money Mortgage
$37,600
No
First
May 5, 2023
May 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$35,532
$26,717
42%
57%
$226/mo

Learn About the Market: Opportunity in Texas

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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: Terrell

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609 W Grove St | Property Details | No Agent List