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$160,000

NAL Estimated Property Value

TBD LCR 403, Groesbeck, TX, 76642

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Large Oak Trees - Secluded Wooded Acreage - Perfect for your Dreamhome site. Ag exemption already in use on property. This property has very nice tall towering trees throughout. There are actually 2 paved roads on either side of the property to allow you options to access the property. LCR 403 is the easiest way to access. Electricity runs down LCR 403. There is water in the area as well down LCR 403 and digging a well may be an option. Buyer should do their due diligence in discovery of cost and availability of a water meter or digging well. The current owner has placed light deed restrictions on the property such as no mobile homes, and no swine. The property is fenced on 3 sides, but a fence will need to be added on the side that is being split off from the current 18 acre tract. Please note that on the side of the property that fronts Park Rd, the property line is actually inset up to 95 feet off the road. There are stakes placed on both roads to gage approximate property lines but a new survey will be needed to determine the actual 10 acre property line. The property right on the road was an easement put in place by the state park and this may or may not still be in force since the county now maintains this road.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /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: Groesbeck

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TBD LCR 403 | Property Details | No Agent List