Description
Income-producing ranch retreat 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.
Property Type
ResidentialCounty
McLennanStyle
Single DetachedAD ID
50345079
Sell a home like this and save $32,441 Find Out How
Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 4
Bathroom Information
- Total Baths: 3
- Full Baths: 3
- Half Baths: 0
Interior Features
- Vaulted Ceiling(s)
Appliances
- Gas Oven,Gas Range,Plumbed For Gas in Kitchen,Refrigerator
Utilities
- Aerobic Septic,City Water,Community Mailbox,Individual Water Meter,Outside City Limits,Overhead Utilities
Cooling Features
- Central Air,Electric
Heating Source
- Central,Natural Gas,Propane
Fireplace
- Number of Fireplaces: 0
-
Exterior Features
Building Information
- Built Year: 1983
- Construction: Brick
- Roof Type: Composition
Foundation
- Slab
Construction Materials
- Brick
-
Property / Lot Details
Lot Information
- Lot Size (Acr): 3.5750
- Lot Size Units: Acres
- Lot Size Square Feet: 155727.0000
Property Information
- SQ ft (Living Area): 1,798
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Subdivision: Bode Road Add
- City: Elm Mott
- State: Texas
- 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 driveway opens up a the end of the culdesac. Black pipe fence, Black powder coated gate with a star
- Property Status: Active
-
Listing Information
Listing Price Information
- Original List Price: $549,000
- List Price Tot SqFt: $305
Listing Information
- Possession: Closing/Funding
-
Taxes / Assessments
Tax Information
- Parcel Number: 500043500001120
- Tax Block: 1
- Tax Legal Description: BODE ROAD ADDITION PH 1 LOT 12 BLOCK 1 ACRES
- Tax Lot: 12
- Unexempt Taxes: $4,405
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Garage Space: 0
- Parking Features: Circular Driveway
Homeowners Association Information
- HOA Type: None
-
School, Utilities & Location Details
School Information
- Elementary School: West
- Middle School: West
- High School: West
- School District: West ISD
Utility Information
- Utilities: Aerobic Septic,City Water,Community Mailbox,Individual Water Meter,Outside City Limits,Overhead Utilities
Statistics Bottom Ads 2

Sidebar Ads 1

Learn More about this Property
Sidebar Ads 2

Sidebar Ads 2

Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
BuyOwner last updated this listing 07/31/2025 @ 13:11
- MLS: 457737410
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: NTREIS - North Texas Real Estate Information
is a Home, with 4 bedrooms which is for sale, it has 1,798 sqft, 4 sized lot, and 0 parking. are nearby neighborhoods.