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B+
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$157,000

703 Martin Ave, Groom, TX, 79039

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.57 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2

Exterior

Lot Size11,543 sqft

Building Information

Year Built2008
Garage Spaces1

Land Information

APN00540-00280-00000-000000
Lot Number8
Land UseResidential
Legal DescriptionN 27 OF J S50 H LT 8 BLK 11 KNORPP-GROOM
Census Tract950100
Assessed Land Value$2,310
Assessed Improvement Value$114,330
Assessment Year2025

About this property

This charming house in Groom checks a lot of boxes - open floor plan, 3 bedrooms, 2 bathrooms, separate garage, storage building and even full RV hookups on site. The house has a brand new HVAC with transferable warranty installed 09/15/25 and sellers are offering a $600 Home Warranty! This house also qualifies for the Homebuyer's Assistance program through the Groom EDC - 5% of taxable value up to $2500 once approved through the city as well as the city council. Who doesn't want FREE MONEY!! Application available at city hall. This home needs new owners so call today and schedule your private showing and start the new year with a new house!!

Investor Tools

Property Icon
$157,000
Estimated Property Value
$107,973Estimated Mortgage Balance
$98,123Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$954 /month
Positive
Cash Flow Estimate:
$318 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$122/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$680
$116,640
2025
$2,310
$114,330
$116,640
No

Tax History

Year
Tax Paid
Assessed Value
2022
$680
$116,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
21st Mortgage Corp
Unknown
$107,973
No
First
May 27, 2008
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,877
$98,123
62%
38%
$648/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: Groom

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703 Martin Ave | Property Details | No Agent List