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$385,000

NAL Estimated Property Value

8518 Gray Ln, La Grange, TX, 78945

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.58 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Microwave, Free-Standing Refrigerator, Washer/Dryer, Electric Water Heater
FlooringCarpet, Tile

Exterior

Exterior FeaturesLighting
Lot Size2 acres

Building Information

Year Built1998

Land Information

APN35188
Land UseResidential
Legal DescriptionABS A189 GREEN J LG,2.0 ACRES,HSE, C/PORTS, STGS
Census Tract970200
Assessed Land Value$61,200
Assessed Improvement Value$182,780
Assessment Year2025

About this property

PRICE IMPROVEMENT! Seller Motivated! This beautiful 3 bedroom, 2 bathroom home is nestled in the shade of oak and pine trees on a partially wooded 2 acre tract. Inside of the 1,660 square foot home, you will find an open concept living and kitchen area that is great for entertaining guests, complete with a gorgeous vaulted wood ceiling. The house has a split floorplan with the master bedroom on one side of the great room and the 2 bedrooms perfect for guests or an office on the other side. The large master bedroom features a walk-in closet, ensuite bathroom with a jetted tub and separate shower, its own on demand water heater, and a separate entrance from the lanai. Both additional bedrooms have their own large walk-in closet, and the additional bathroom features an oversized walk-in shower. The laundry room at the back of the house leads outside to a studio-kitchen, with a private patio. You will also find a serene pond with an auto filler and a covered sitting area to enjoy the peaceful evenings, and a 1,200 gallon rainwater collection system which collects through the gutters on the house. A 10’ x 16’ shop with electricity is located on the property along with a portable building, and two carports (which will all convey). The house has a metal roof, which is sealed to add extra protection from the elements. This nicely shaded property is completely fenced with a beautiful deep creek ravine across the back of the property! Fiber internet available! The house also has a functional attic fan and 1998 a/c unit with a recently replaced fan. This private location is the perfect combination of quiet and serene with only a short drive to historic downtown La Grange. Please contact Lindemann Real Estate to schedule an appointment!

Investor Tools

Property Icon
$385,000
Estimated Property Value
$235,438Estimated Mortgage Balance
$385,000Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$403/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,907
$243,980
2025
$61,200
$182,780
$243,980
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,907
$243,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Secure Choice Lending
Conventional
$245,410
No
First
Jan 31, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,438
$180,562
43%
61%
$1,472/mo

City: La Grange

8518 Gray Ln | Property Details | No Agent List