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$560,000

880 LCR 642, Groesbeck, TX, 76642

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,750 Sq Ft
FarmFarm
price_per_sqft$320 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater, Microwave
FlooringConcrete

Exterior

Exterior FeaturesOther
Lot Size50.87 acres

Building Information

Year Built2008
Garage Spaces1

Land Information

APNR130821
Land UseAgriculture / Farming
Legal DescriptionA395 W G MCKENZIE, ACRES 50.873
Census Tract970600
Assessed Land Value$366,110
Assessed Improvement Value$155,490
Assessment Year2024

About this property

Fantastic Barndominium on 50 Acres conveniently located about 3 miles South of Groesbeck, TX. This metal home was built in 2008 with approximately 1000 square feet of living space with 1 bedroom, 1.5 bathrooms and 750 square feet of shop/garage which could be converted into additional beds and baths! Home portion features vaulted ceilings with an open floor plan, beautiful wood paneled walls and a loft area large enough for additional bedroom/sleep area. Kitchen area features concrete finished countertops, office/desk area, tiled backsplash, dishwasher and more. Spacious master bedroom with French door access to a covered back porch which provides a perfect spot for morning coffee or relaxing and taking in the view. Beautiful oversized en suite bathroom with soaking tub, separate closets, separate walk-in shower, and vanity area. Laundry room is accessible off the master bedroom and gives access to additional half bath. Shop area is ready to use for any kind of hobby or storage but could easily be converted to additional living space. 50 Acres provides plenty of space for cattle, gardening, homesteading and more with ample road frontage on Hwy 14 and LCR 642 that could be used for commercial purposes, divided off and sold. Property is fully fenced with some cross fencing and features a metal barn with corrals for working cattle and a nice sized pond/stock tank.

Investor Tools

Property Icon
$202,100
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,360 /month
Positive
Cash Flow Estimate:
$1,120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$367/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,392
$202,100
2024
$366,110
$155,490
$521,600
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2022
$3,392
$202,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$460,000
No
First
Jul 24, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$456,820
N/A
0%
226%
$3,376/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.

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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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