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$550,000

325 & 321 Grassy Way, Elm Mott, TX, 76640

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths1,798 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$305.9 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
HeatingHeating
CoolingCooling
AppliancesSome Gas Appliances, Dishwasher, Electric Water Heater, Gas Oven, Gas Range, Plumbed For Gas, Range, Some Commercial Grade
FlooringLaminate

Exterior

Lot Size3.58 acres

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN500043500001120
Lot Number12
SubdivisionBode Road Addition Ph 1
Land UseAgriculture / Farming
Legal DescriptionBODE ROAD ADDITION PH 1 LOT 12 BLOCK 1 ACRES 3.575
Census Tract003401
Assessment Year2026

About this property

3.575 ACES OF BLISS. Stars and breath taking sunsets. Two Comfortable Ranch retreat homes provide income at this time. Separate addresses 325&321. Close to West & Waco & IH 35. Main home beautifully updated with antique old Beams for Ranch style flare, Granite countertops Kitchen and baths, durable laminate plank floors, spray foam insulation, energy efficient windows and New HVAC, primary bath has granite walk-in shower, laundry has sink for extra convenience. Guest Home is spacious with stylish decorative windows and lighting with upgrades thru-out, Bedroom down and loft living upstairs.

Investor Tools

$229,938Estimated Mortgage Balance
$314,062Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Deborah Maher

JPAR Waco

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,829
$361,073
2026
N/A
N/A
$375,382
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,829
$361,073

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texell Cu
Conventional
$249,000
No
First
Sep 8, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,938
$314,062
57%
42%
$1,493/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,493/mo
$-53/mo
3.2%

City: Elm Mott