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$535,000

649 Raceway Rd, Axtell, TX, 76624

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,439 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.35 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Range, Microwave, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9.16 acres

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces2

Land Information

APN321162000009011
SubdivisionRainey C
Land UseResidential
Legal DescriptionRAINEY C TRACT 7T ACRES 9.16
Census Tract003500
Assessed Land Value$71,900
Assessed Improvement Value$419,930
Assessment Year2025

About this property

Welcome to 649 Raceway Road in Axtell — a beautiful 4-bedroom, 2-bath home set on just over 9 peaceful acres. With 2,439 square feet of well-maintained living space, this property blends comfortable interiors with the natural beauty and privacy of the countryside. The home features spacious rooms, thoughtful design, and plenty of natural light, creating a warm and inviting feel throughout. Step outside and you’ll find a serene mix of trees and pasture — the perfect setting for quiet mornings, family gatherings, or simply enjoying the peace of country living. A large, powered workshop is a true highlight — ideal for equipment, hobbies, or small business use. There’s also a separate outbuilding currently set up as a home gym. If you’re looking for a well-cared-for home surrounded by usable acreage and a setting that feels calm and restorative, 649 Raceway Road is the perfect fit.

Investor Tools

Property Icon
$534,000
Estimated Property Value
$511,100Estimated Mortgage Balance
$25,116Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,823
$491,830
2025
$71,900
$419,930
$491,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,823
$491,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Unknown
$511,100
No
First
Feb 2, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$508,884
$25,116
4%
95%
$3,065/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$3,065/mo
$-1,758/mo
2.9%

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: Axtell

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649 Raceway Rd | Property Details | No Agent List