325 Grassy Way
Elm Mott, TX 76640
Map
- 4 beds
- 3 baths
- 1,798 sqft
- ~4 acre lot
- $333 per sqft
- 1983 build
- – on site
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.
Last checked:
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Last updated Jul 5, 2025
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MLS# 20990819 —
The Building
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Year Built:1983
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Year Built Details:Preowned
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Structural Style:Single Detached
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Accessibility Features:No
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Roof:Composition
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Basement:No
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Foundation Details:Slab
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Levels:One
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Construction Materials:Brick
Interior
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Interior Features:Vaulted Ceiling(s)
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Flooring:Laminate, Wood
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# of Dining Areas:2
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# of Living Areas:2
Room Dimensions
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Living Area:1798.00
Location
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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
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Parcel Number:500043500001120
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Lot Size:3 to < 5 Acres
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Lot Size SqFt:155727.0000
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Lot Size Acres:3.5750
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Lot Size Area:3.5750
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Lot Size Units:Acres
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Exclusions:NA
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:12
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Tax Block:1
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Tax Legal Description:BODE ROAD ADDITION PH 1 LOT 12 BLOCK 1 ACRES
Beds
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Bedrooms Total:4
Baths
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Total Baths:3.00
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Total Baths:3
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Full Baths:3
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20990819
Heating & Cooling
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Heating:Central, Natural Gas, Propane
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Cooling:Central Air, Electric
Utilities
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Utilities:Aerobic Septic, City Water, Community Mailbox, Individual Water Meter, Outside City Limits, Overhead Utilities
Appliances
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Appliances:Gas Oven, Gas Range, Plumbed For Gas in Kitchen, Refrigerator
Schools
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School District:West ISD
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Elementary School:West
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Elementary School Name:West
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Middle School Name:West
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High School Name:West
The Community
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Subdivision Name:Bode Road Add
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Pool:No
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Association Type:None
Parking
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Garage:No
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Attached Garage:No
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Parking Features:Circular Driveway
Monthly cost estimate
Asking price
$599,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,207
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| Taxes | N/A |
| Insurance | $164 |
| Utilities | $167 See report |
| Total | $3,538/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
