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$3,500

1029 Lower Red Rock Rd, Bastrop, TX, 78602

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths2,113 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$1.66 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesCooktop, Dryer, Dishwasher, Electric Oven, Refrigerator, Range Hood, Washer
FlooringLaminate

Exterior

Exterior FeaturesExterior Steps, Private Yard, Rain Gutters
Lot Size1 acre

Building Information

Year Built1996

Land Information

APNR8702604
SubdivisionSmith, Charles S
Land UseResidential
Legal DescriptionABS A58 SMITH, CHARLES S.,1.0 ACRES (MH 28X76, S/N PH0512566A/B, L/N PFS0401245/46
Census Tract950302
Assessed Land Value$75,000
Assessed Improvement Value$136,475
Assessment Year2025

About this property

Country Living with Horse Privileges – Spacious 5-Bedroom Home on 1/2+/- Acre. Enjoy the peace and privacy of country living in this beautifully updated 5-bedroom, 3-bathroom single-story home, ideally situated on a fenced homesite just minutes from Bastrop. Surrounded by 50 acres of scenic pasture, woods and 3 stock tanks, this property offers a rare opportunity for horse owners to ride where they live. The spacious interior features an open-concept layout with a unique see-through fireplace shared between the living and dining areas, creating a warm and inviting atmosphere. The kitchen is equipped with a center island, breakfast bar, and all major appliances, including a refrigerator, stove, dishwasher, washer, and dryer, making move-in easy. Step outside and enjoy the outdoors from the large wooden decks on both the front and back of the home. The fully fenced yard is shaded by beautiful, mature oak trees and offers plenty of space for outdoor living and recreation. For qualified tenants with horses, the property includes the option to board up to three horses. Adjacent pasture acreage is available exclusively for boarding and riding, providing a unique equestrian lifestyle while preserving the privacy and integrity of the surrounding ranch property. If you're looking for room to spread out, quiet country surroundings, and the convenience of being just minutes from town, this one-of-a-kind lease offers the best of both worlds. (Note: Dogs/Cats not allowed)

Investor Tools

Property Icon
$296,000
Estimated Property Value
$0Estimated Mortgage Balance
$296,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

Interested in this property?

Kevin White

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$381/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$211,475
2025
$75,000
$136,475
$211,475
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$211,475

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$296,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Bastrop

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1029 Lower Red Rock Rd | Property Details | No Agent List