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$365,000

650 Congressional Ave, Red Oak, TX, 75154

$404,602 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,192 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.51 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater
FlooringCarpet, Wood

Exterior

Lot Size5,998 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APN72.7023.908.012.00.111
Lot Number12
SubdivisionOakmont Park Subdv Ph 2
Land UseResidential
Legal DescriptionLOT 12 BLK H OAKMONT PARK SUBDV PH 2 0.1377 AC
Census Tract060207
Assessed Land Value$55,000
Assessed Improvement Value$299,389
Assessment Year2025

About this property

MULTIPLE OFFERS will be reviewed on Thursday 8-1. Welcome to this beautiful 4-bedroom, 2-and a half bath home nestled in a new great neighborhood. Meticulously maintained, this property offers a spacious and inviting atmosphere perfect for families and professionals alike. The heart of the home features a modern kitchen with all the essentials, opening up to a cozy living area that's perfect for relaxing evenings. Living room is open to dining area and kitchen made complete with a built in wall fireplace. Each bedroom is generously sized, providing comfort and privacy, while the bathrooms are sleek and functionally designed. Covered backyard patio and stained privacy fencing. Additional features include a 2-car garage with ample storage and easy access to local amenities, ensuring convenience and ease of living. The neighborhood offers a small park and splash pad. Just a few feet from a basketball court for kids gathering. This home is a true gem, ready for you to make it your own!

Investor Tools

Property Icon
$354,389
Estimated Property Value
$262,500Estimated Mortgage Balance
$99,697Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$404,601
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$672/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,298
$354,389
2025
$55,000
$299,389
$354,389
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,298
$354,389

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$262,500
No
First
Sep 27, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,692
$99,697
28%
72%
$1,574/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$1,774/mo
+$936/mo
9.2%

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: Red Oak

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650 Congressional Ave | Property Details | No Agent List