ActiveResidential · sale

7000 Ross Cole

Temple, TX 76502

$315,000

  • 3 beds
  • 2 baths
  • 1,812 sq ft
  • 2.01 acres
  • Built 1978

Listed by EG Realty · MLS #ACT5358946

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The extended back patio with a retractable shade awning is perfect for relaxing or entertaining outdoors.

Year built

Built in 1978.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Unlimited Possibilities Near the Lake!

The home will require repairs and updates, as much of it remains in original condition, but it offers great potential. Situated on a quiet private road on 2.01 acres of lush greenery, this 3-bedroom, 2-bath, 1,812 sq ft property provides privacy, space, and opportunity—less than one mile from McGregor Park and Belton Lake. Ideal for investors or buyers looking to renovate and create their own retreat.

While the interior does require TLC, several major upgrades were completed in 2023, including a new roof, HVAC system, and all new windows, providing a strong foundation and added energy efficiency. Inside, the home features a spacious living area with a cozy fireplace, a large kitchen full of character with ample counter space and cabinetry, and a separate dining room ideal for gatherings. A generous walk-in laundry room that also functions as a pantry adds excellent storage and everyday convenience. Outside, enjoy the best of both worlds—open, usable land with tree-lined privacy along the back and right side of the property. Separated fencing creates a safe area for pets or children while still allowing full use of the acreage. The extended back patio with a retractable shade awning is perfect for relaxing or entertaining outdoors.

Additional features include a 12x32 portable building/workshop, ideal for storage, hobbies, or a workspace. With acreage, privacy, proximity to the lake, and major system upgrades already completed, this property presents an exceptional opportunity for a full-time residence, weekend retreat, or investment. SOLD AS-IS.

THE NEIGHBORHOOD

Explore the location.

7000 Ross Cole, Temple, TX 76502

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1978
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric
Appliances
Built-In Electric Oven, Built-In Electric Range, Cooktop, Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator
Flooring
Laminate, Tile
Fencing
Back Yard, Fenced, Front Yard, Full, Wire
Accessibility
None
Pool features
None
Subdivision
None
Parcel
0562060301
Elementary school
High Point
Middle school
North Belton
High school
Lake Belton
Annual property tax
$6,335.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,312.50
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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7000 Ross Cole, Temple, TX 76502 · MLS #ACT5358946

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Listing information

MLS #ACT5358946 · Austin Board of Realtors

Listing brokerage: EG Realty
Listing agent: Toni Salazar

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.