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$196,000

NAL Estimated Property Value

703 Cherry Drive, Groesbeck, TX, 76642

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.16 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Building Information

Year Built1987
Garage Spaces2

Land Information

APNR45219
Lot Number20
Land UseResidential
Legal DescriptionMEADOWLANDS ADDITION GROESBECK, LOT 020
Census Tract970600
Assessed Land Value$5,870
Assessed Improvement Value$161,970
Assessment Year2024

About this property

Check out this home! 3 bedrooms, 2 bath with plenty of privacy to enjoy the screened in back porch overlooking the pasture and located in a secluded neighborhood. New Roof installed in August 2019. With mature trees and the pretty landscaping, you do not want to miss seeing this move in ready home.

Investor Tools

Property Icon
$196,000
Estimated Property Value
$187,657Estimated Mortgage Balance
$8,343Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,176 /month
Positive
Cash Flow Estimate:
$392 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,357
$167,840
2024
$5,870
$161,970
$167,840
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,357
$167,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Goprime Mortgage Inc
Va
$191,020
Yes
First
May 27, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,657
$8,343
4%
96%
$1,146/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.

Explore Texas Explore This Area
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: Groesbeck

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703 Cherry Drive | Property Details | No Agent List