603 S Elm St

Mart, Texas, 76664

Redeemable DeedpendingSells Sep 1, 2026 · 11 days ago

View on map ↗

Opening bid

$22,366

Assessed value

$59,124

Land $3,830Improvement $56,430

Market / AVM

$73,000

Taxes owed

—

Parcel number: 320226000013002
Case number: 2018-4042-4
Land use: Residential
Beds / baths: 2 bd · 1 ba
Building: 834 sqft
Acreage: 0.17
Lot size: 7,501 sqft
Year built: 1935
Owner of record: Tone Enterprises Inc

Property facts enriched via realestateapi · 8/25/2026

Aerial view of 603 S Elm St — the parcel — Aerial imagery from the USGS National Map. Flown on a multi-year cycle — it shows the site as photographed, which may predate clearing, construction or demolition. Not evidence of current condition.

Aerial view of 603 S Elm St — what is around it — Aerial imagery from the USGS National Map. Flown on a multi-year cycle — it shows the site as photographed, which may predate clearing, construction or demolition. Not evidence of current condition.

Site & surroundings

Physical conditions that affect value and rarely appear on a listing.

Correctional or waste facility (3 nearby)0.8 mi from parcel centre
Persistent effect on the buyer pool regardless of any measurable nuisance.
McLennan County State Juvenile Correctional Facility0.9 mi from parcel centre
Persistent effect on the buyer pool regardless of any measurable nuisance.

Context

Water body (6 nearby)574 ft from parcel centre
Frontage or flood exposure depending on elevation and zone — read this next to the FEMA signal, not on its own.
FEMA flood zone X
Outside the 1% annual chance floodplain.
14% of homes vacant year-round in Census Tract 36.01
156 of 1,151 units vacant year-round, around or below the national tract average.

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

McLennan CAD search ↗search: 320226000013002
Assessor, Collector, and Delinquent Taxes ↗search: 320226000013002
Property Tax Search and Pay Property Taxes ↗search: 320226000013002
Foreclosure Sales and Trustee Sales ↗search: 320226000013002
Recorded Document Search ↗search: 320226000013002
Google Maps (parcel / address search) ↗

McLennan County rules

Sale type: Redeemable Deed
Redemption: 2 years for homestead/ag/mineral properties; 6 months for all other property
Return if redeemed: 25% penalty in year one, 50% in year two (homestead/ag); 25% flat for the 6-month category
Statute: Texas Tax Code Title 1, Subtitle E, Ch. 34

Full county profile →

Historical comps

No historical bucket for TX|Redeemable Deed

No recorded comps yet for this state/sale type. Run deedpilot-copilot import-history --deep and build-history-index.

Index 2026-08-01 · 87,879 total recorded outcomes

Liens that survive

Tax foreclosure deed is subject to post-sale redemption rights. HOA/POA liens can survive if not properly joined; federal tax liens survive. Always search deed records before bidding.

Quiet title

Not legally mandatory, but title companies generally require quiet title after redemption expires because of redemption rights and possible un-joined lienholders.

Verify before you bid

This record was compiled from the published sale list. Parcels are pulled, redeemed, and re-priced up to the moment of sale. Confirm the lot is still in the sale, and confirm the opening bid, directly with the county.

McLennan County Tax Office ↗

Deal analysis

Your maximum bid

$40,694

Walk away above this. Projected profit at the ceiling: $21,900 (30% of ARV).

Opening bid $22,366

Room to bid $18,327

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$28,069

Under max by $12,624

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $73,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $73,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$5,840
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$110/month.: −$767
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$21,900
Maximum bid: $40,694

If the owner redeems

Flat penalty

25%

You'd receive

$10,173

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.

AI risk brief

Reads this parcel against McLennanCounty's rules and flags what could go wrong — surviving liens, redemption exposure, title cost, and the facts we don't have. Takes about 35 seconds; the result is saved, so opening this lot again is instant.

Site & surroundings

Physical conditions that affect value and rarely appear on a listing.

Correctional or waste facility (3 nearby)0.8 mi from parcel centre

Persistent effect on the buyer pool regardless of any measurable nuisance.

McLennan County State Juvenile Correctional Facility0.9 mi from parcel centre

Persistent effect on the buyer pool regardless of any measurable nuisance.

Context

Water body (6 nearby)574 ft from parcel centre

Frontage or flood exposure depending on elevation and zone — read this next to the FEMA signal, not on its own.

FEMA flood zone X

Outside the 1% annual chance floodplain.

14% of homes vacant year-round in Census Tract 36.01

156 of 1,151 units vacant year-round, around or below the national tract average.

Deal analysis

Your maximum bid

$40,694

Walk away above this. Projected profit at the ceiling: $21,900 (30% of ARV).

Opening bid $22,366

Room to bid $18,327

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$28,069

Under max by $12,624

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $73,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $73,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$5,840
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$110/month.: −$767
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$21,900
Maximum bid: $40,694

If the owner redeems

Flat penalty

25%

You'd receive

$10,173

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.