Last 24 Hours
$459,900
10278 S Highway 281, Lampasas, TX, 76550
On Market
— Beds
1 Bath
2,100 Sq Ft
Built in 1972Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms —
Bathrooms Full 1.5
Garage AvailableExterior
Lot Size50.63 acres
Building Information
Year Built1972
Garage Spaces2
Land Information
APN59713
SubdivisionW.M. Bowden
Land UseResidential
Legal DescriptionABS A1517 W.M. BOWDEN, 50.63 ACRES
Census Tract960200
Assessment Year2025
About this property
20+/- live oak covered acres located between Lampasas and Burnet with Highway 281 frontage. This property is covered with mature live oaks and would make an ideal homesite with easy access to Lampasas or Burnet. The land is fenced on 3 sides and already has power on the property. There is a well that is drilled and cased on the back of the property but does not have a pump. The coverage is above 50% open and 50% covered with a mix of live oaks and cedar trees. A wet weather creek meanders through the middle of the property to provide a water source during the wet season for the wildlife.
Investor Tools
$0Estimated Mortgage Balance
$1,262,138Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,573 /month
Positive
Cash Flow Estimate:
$2,524 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,096
$1,262,138
2025
N/A
N/A
$1,340,334
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,096
$1,262,138
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,262,138
100%
0%
$0/mo
12.4%