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Days135Days on Market
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$210,000

707 Cherry Dr, Groesbeck, TX, 76642

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,657 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.74 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListMust-SellHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Disposal, Electric Water Heater, Refrigerator
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1986
Garage Spaces2

Land Information

APNR45873
Lot Number18
Land UseResidential
Legal DescriptionMEADOWLANDS ADDITION GROESBECK, LOT 018
Census Tract970600
Assessed Land Value$5,870
Assessed Improvement Value$161,700
Assessment Year2024

About this property

Welcome to this charming 4-bedroom, 2-bath home offering 1,657 sq. ft. of comfortable living space plus a versatile bonus room. Tucked away on a quiet cul-de-sac in a low-traffic neighborhood, this property provides an ideal balance of privacy and convenience. The inviting living area features a cozy wood-burning fireplace, perfect for relaxing evenings. The bonus room offers flexible use as a home office, playroom, or guest space. Step outside to a fully fenced backyard with mature shade trees and a storage shed, ideal for outdoor entertaining, pets, or gardening. Conveniently located near shopping, dining, and excellent schools, this home is a must-see. Schedule your private showing today!

Investor Tools

Property Icon
$194,000
Estimated Property Value
$185,250Estimated Mortgage Balance
$18,342Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

Interested in this property?

Kara McLelland

Realty Plus - Groesbeck

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,330
$167,570
2024
$5,870
$161,700
$167,570
Yes (2020)

Tax History

Year
Tax Paid
Assessed Value
2022
$2,330
$167,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$185,250
No
First
Jul 6, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,658
$18,342
9%
91%
$1,111/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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707 Cherry Dr | Property Details | No Agent List