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$389,000

NAL Estimated Property Value

990 Reese Road, Groveton, TX, 75845

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,568 Sq Ft
price_per_sqft$248.09 / sqft
Year BuiltBuilt in 1993

About this property

This 3/2 home is situated on 48.70-acres. The home has been fully remodeled and has an open floor plan. The home has two living areas, making it perfect for a large gathering. One living area has a pretty wood burning fireplace. The spacious kitchen has a log-topped bar, great cabinet space, and the refrigerator, freezer, and washer/dryer will convey with the sale of this property. The split bedroom floor plan is great for privacy. The master has a private bath with a Jacuzzi tub and separate shower, while two guest bedrooms share a hall bath. Outdoors, you'll enjoy the 20x46 covered porch, 20x36 covered parking , 10x20 storage/workshop, and an equipment shed. If you are wanting to place an additional home, guest quarters, or RV, there is another hookup with water, electricity, and septic in place. This property is fenced and cross fenced, perfect for your livestock. There are also two ponds, one being stocked with catfish. This would make a great weekend retreat or full-time living!

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Financing Details

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

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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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: Groveton

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