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$1,200,000

645 W Big Elm Road, Troy, TX, 76579

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,954 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$406.23 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Gas Cooktop, Oven, Tankless Water Heater, Some Gas Appliances, Built In Oven, Microwave
FlooringConcrete, Painted Stained

Exterior

Private PoolPrivate Pool
Exterior FeaturesEnclosed Porch, Fire Pit, Gas Grill, Horse Facilities, Outdoor Grill, Outdoor Kitchen, Porch, Patio, Rain Gutters, Security Lighting, Propane Tank Owned
Lot Size13.25 acres

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APN397880
SubdivisionS Knight
Land UseAgriculture / Farming
Legal DescriptionA0499BC S KNIGHT, & A-0586 J W MORTON, TRACT 8, ACRES 13.251 & A-0586 J W MORTON, TRACT 8,
Census Tract020101
Assessed Land Value$22,779
Assessed Improvement Value$694,521
Assessment Year2025

About this property

Set on 13.25 ag-exempt acres, this fully equipped horse property combines refined living with turnkey functionality. The custom built home features a well designed split floor plan, custom cabinetry throughout, and abundant storage. The primary suite offers a double-sided fireplace, a split bathroom, and a private flex room ideal for an office, nursery, gym, or lounge space. The oversized laundry room is strategically located with access to the pool area and carport, as well as direct entry to the primary bath. The chef’s kitchen is designed for both everyday living and entertaining, complete with a gas range, prep sink, two built-in trash drawers, and a hidden walk-in pantry reinforced as a storm shelter. Outdoor living is elevated with a 400 sq. ft. screened porch, in-ground diving pool with tanning deck, and outdoor kitchen. Mature trees and fruit trees enhance the landscape. Equestrian improvements include a well appointed shop/barn with water and electricity, an adjacent round pen, a four stall barn with water hookups in two stalls, a tack room, and three sliding barn doors that allow for additional vehicle or equipment storage. Numerous pastures are planted with coastal grass. The oversized carport accommodates large vehicles, including trucks. Additional highlights include a solar powered gate and a whole house alarm system. Troy ISD. Conveniently located near I-35: just 20 minutes to Temple, 25 minutes to Waco, 40 minutes to Fort Hood, 1 hour and 15 minutes to Austin, and 1 hour and 30 minutes to Dallas/Fort Worth. A rare opportunity to own a move in ready luxury estate designed for both elevated living and equestrian use.

Investor Tools

$416,087Estimated Mortgage Balance
$771,913Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Veronica Brown

Magnolia Realty Temple Belton

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,227
$717,300
2025
$22,779
$694,521
$934,348
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,227
$717,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union State Bank
Conventional
$393,000
No
First
Sep 30, 2014
Oct 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$416,087
$771,913
64%
35%
$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.

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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: Troy

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645 W Big Elm Road | Property Details | No Agent List