Property Attributes
- MLS#21351932
- TypeSingle Family
- Listing Status Active
- CountyMCLENNAN
- CityElm Mott
- NeighborhoodBode Road Add
- Zip76640
- StyleSingle Family Residence
- Year Built1983
- Taxes$ 4405
- Price$ 549,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1798
- Lot Size3.575 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Two Income-Producing Ranch Retreats on 3.5 Acres, 325 & 321 Grassy Way, Elm Mott, TX This beautifully updated ranch-style home and guest house offer the perfect blend of comfort, privacy, and built-in rental income. Together, both homes generate approximately $4,600 per month, making this an ideal investment for those seeking a move-in ready property that pays for itself. Fully remodeled and expanded four years ago, the main home at 325 Grassy Way features granite countertops throughout, durable plank flooring, spray-foam insulation, energy-efficient windows, and a new HVAC system with gas heating. The spacious master suite includes a granite walk-in shower, and a laundry room with a utility sink adds everyday convenience. The detached guest house at 321 Grassy Way offers 800 sq. ft. of beautifully finished space, including one bedroom downstairs, a loft bedroom upstairs, a full bath with walk-in shower, laundry nook, and a full kitchen with granite countertops and barn wood accents. A vaulted timber-framed entry and ductless mini-split system create a cozy, efficient retreat. This unit is ideal for Airbnb or long-term rental, with its own address, separate utilities, and a 50-amp RV hookup. It can also be sold fully furnished for a turnkey setup. Set on 3.5 acres, the largest lot in the subdivision, this property features mature oak groves, a year-round pond, full fencing, a custom gate, chicken coop and play set. Tucked at the end of a cul-de-sac, just 2 miles from I-35 and 15 minutes from Waco, this property combines peaceful country living with the convenience of nearby amenities. Whether you're an investor or an owner-occupant looking to offset your mortgage, 321 & 325 Grassy Way deliver immediate income and long-term value.
| Elementary School |
|---|
| West Elementary School |
| Price History | |
|---|---|
| 8/6/2026 | Listed $570,000 |
| 8/17/2026 | 2$559,000 |
| 8/31/2026 | 2$549,000 |
General Features
| Heating | Central,Natural Gas,Propane |
|---|---|
| Cooling | Central Air,Electric |
| Utilities | Aerobic Septic,City Water,Community Mailbox,Individual Water Meter,Outside City Limits,Overhead Utilities |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Gas Oven,Gas Range,Plumbed For Gas in Kitchen,Refrigerator |
| School District | West ISD |
| Exclusions | NA |
| Year Built | 1983 |
| Levels | One |
| Unexempt Taxes | 4405 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Bode Road Add |
| Transaction Type | For Sale |
| Occupant Type | Tenant |
| County | McLennan |
| Property Type | Residential |
| Construction Materials | Brick |
| Year Built Details | Preowned |
| HOA Type | None |
| Full Baths | 3 |
| Status | Active |
| Directions | From the Hilltop exit north of Elm Mott on I-35,turn East on Hilltop which turns into Bode Rd. About 2 miles look for Grassy Way on the left. Turn left on Grassy Way,proceed to the very end,the drive |
| City | Elm Mott |
| Elementary School Name | West |
| High School | West |
| Elementary School | West |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21351932 |
| Standard Status | Active |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
Interior Features
| Interior Features | High Speed Internet Available,Vaulted Ceiling(s) |
|---|---|
| Flooring | Laminate,Wood |
| Dining Areas | 2 |
| Living Areas | 2 |
| Room Count | 5 |
| Lock Box Type | Supra |
| Total Bedrooms | 4 |
| Total Baths | 3 |
Exterior Features
| Parking Features | Circular Driveway |
|---|---|
| Lot Size | 3 to < 5 Acres |
| Foundation | Slab |
| Lot Size Area | 3.5750 |
| Lot Size Units | Acres |
| Structural Style | Single Detached |
| Lot Size Square Feet | 155727.0000 |
| Lot Size Acres | 3.5750 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating