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Owner Contacts

$221,917

NAL Estimated Property Value

7121 Washington St, Groves, TX, 77619

$255,900 ARV

Off Market

3 Beds

2 Bath

1,738 Sq Ft

Single Family Residence

$120.83 / sqft

Built in 1988

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Electric Cooktop, Free-Standing Range, Dishwasher, Oven

FlooringVinyl

Exterior

Lot Size8,999 sqft

Building Information

Year Built1988

Stories1

Garage Spaces2

Land Information

APN072300-000-004000-00000

Lot Number2

SubdivisionWynnewood Estates

Land UseResidential

Legal DescriptionLT 2 BLK 3 WYNNEWOOD ESTATES WYNNEWOOD ESTATES

Census Tract010700

Assessed Land Value$27,000

Assessed Improvement Value$194,917

Assessment Year2025

About this property

Welcome to 7121 Washington in Groves, TX – a true gem that has been lovingly owned by the same family since it was originally built. This home offers the perfect blend of classic mid-century modern curb appeal and a contemporary, modernized interior. Featuring 3 spacious bedrooms & a flex room with a closet, the home has been carefully updated to meet today’s standards of comfort and style, while preserving its timeless charm. Step inside to find a beautifully rehabbed interior, including sleek granite countertops installed in 2021, elevating the kitchen and bathrooms with both style and durability. The home boasts modern amenities, including a water heater & stainless steel kitchen appliances from 2021. The roof was replaced in 2018. Whether you're enjoying the serene neighborhood or relaxing inside, this home combines the best of both worlds – a nostalgic, mid-century modern exterior with all the modern conveniences you need for comfortable living.

Investor Tools

$221,917

Estimated Property Value

$196,111Estimated Mortgage Balance

$25,806Estimated Equity

11% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$255,900

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,332 /month

Positive

Cash Flow Estimate:

$444 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$533/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,283

$221,917

2025

$27,000

$194,917

$221,917

Tax History

Year

Tax Paid

Assessed Value

2024

$5,283

$221,917

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Freedom Mortgage Corp

Fha

$199,323

Yes

First

Jun 23, 2025

Jul 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$196,111

$25,806

11%

88%

$1,196/mo

Learn About the Market: Opportunity in Texas

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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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