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$825,000

968 Tate Rd, Victoria, TX, 77904

On MarketInfo
Beds8 Beds
Baths5 Bath
Baths5,078 Sq Ft
price_per_sqft$162.47 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony, Garden, Lighting, Private Entrance
Lot Size6.66 acres

Building Information

Year Built2001
Stories1
Roof Type112
Garage Spaces3

Land Information

APN03740-000-38113
SubdivisionIrr Co Abst 374
Land UseResidential
Legal Description03740 IRR CO ABST 374 TRACT 58, ACRES 6.66
Census Tract001501
Assessed Land Value$169,180
Assessed Improvement Value$761,480
Assessment Year2025

About this property

Eight-bedroom estate across nearly seven acres, approximately 5,078 square feet, 2001 construction. Five full bathrooms across the residence. Recent transformation into a one of a kind event venue. A 40x80 foot custom high-end steel pavilion beneath a metal standing seam roof, plus a separate party and guest house behind the main residence. At the gated entrance, a circular driveway and fountain for immediate curb presence. Extensive, meticulous landscaping throughout the grounds. Grand high ceilings and an exquisite foyer chandelier under abundant natural light. Cathedral ceilings, recessed lighting, granite counters, and a blend of wood, tile, and carpet flooring. Vinyl windows, ceiling fans, and coffered detail in the primary bedroom. Off one side of the entry, a full hall bathroom, a guest bedroom, and the primary suite with oversized windows. Within the primary bath, a jacuzzi tub, a separate shower, dual counters with sinks, and an expansive walk-in closet. Off the other side, an elegant dining area and a large kitchen with an island, breakfast bar, and breakfast area, open to the living room and its wood-burning fireplace. A separate formal dining room, double vanities, and multiple walk-in closets throughout. A dedicated game room and two distinct living areas across the layout. Primary suite on the main level, alongside a main-level laundry room and attic storage. Beyond the foyer, a covered patio and backyard onto trails, scenic seating areas, a fountain and pond, the party and guest house, and the covered pavilion. A pavilion, pond, and guest house for large-scale events. Masterful landscaping across the entire estate for an unmatched ambiance. Central air throughout, alongside multiple water heaters and gas-capable appliances. Built-in oven, refrigerator, and full-size washer and dryer. North of Victoria with direct access to US-77 and the US-59 corridor. One of a kind property, ready for a new owner.

Investor Tools

$118,684Estimated Mortgage Balance
$813,574Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,584 /month
Positive
Cash Flow Estimate:
$1,861 /month

Interested in this property?

Derek Smith

Deal Smith Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,053/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,981
$930,660
2025
$169,180
$761,480
$930,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,981
$930,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Credit Line (Revolving) / Heloc
$250,000
No
First
Jun 5, 2006
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,684
$811,976
87%
13%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,499/mo
+$321/mo
2.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Victoria

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