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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