325 Grassy Way
Elm Mott, TX, 76640
$
513,000
Bedrooms4
Baths3.0
Sq
1,798
Monthly Estimate*
$
3,200
for $513,000 with 4 bedrooms and 3 full baths. This 1,798 square foot home was built in 1983 on a lot size of 3.575.
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.
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Features
Interior
Interior Features
Vaulted Ceiling(s)
Flooring
Laminate
Wood
Basement Y/N
0
Dining Areas
2
Living Areas
2
Half Baths
0
Total Bedrooms
4
Total Baths
3
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General
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
Number of Garage Spaces
0
School District
West ISD
Pool Y/N
0
Exclusions
NA
Year Built
1983
Levels
One
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
Standard Status
Active
Listing Terms
Cash
Conventional
FHA
VA Loan
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Exterior
Parking Features
Circular Driveway
Lot Size
3 to < 5 Acres
Foundation
Slab
Structural Style
Single Detached
Garage Y/N
0
Attached Garage Y/N
0
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* Excluded Features
List By
Aaron Jistel
Listing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,200
- Monthly Property Taxes
- $367
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Elm Mott, TX
Average List Price
$346,115
Percent of Sale Price
33%
About Elm Mott, TX
2,839
Population
1%
Since 2002
$
36,027
Median Income
40.53
Median Age
28%
Households with Children
Trends Information provided by ATTOM Data Solutions.
288341
Elementary School
3696456
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
9/30/2025
|
$499,000
|
-5.67%
|
Price Down
|
|
9/4/2025
|
$529,000
|
-1.86%
|
Price Down
|
|
8/22/2025
|
$539,000
|
-1.82%
|
Price Down
|
|
7/18/2025
|
$549,000
|
-8.35%
|
Price Down
|
|
7/4/2025
|
$599,000
|
|
Listed Price
|