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$265,000

1104 S Boundary St, Burnet, TX, 78611

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths776 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$341.49 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Water Heater, Free Standing Electric Range, Microwave
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesExterior Steps
Lot Size1.41 acres

Building Information

Year Built1983

Land Information

APN44799
Lot Number3,ABS18
SubdivisionVandeveer/ Alexander
Land UseResidential
Legal DescriptionS8450 VANDEVEER/ ALEXANDER LOT 3 & ABS187 BLK 23 1.413
Census Tract960301
Assessed Land Value$71,398
Assessed Improvement Value$142,664
Assessment Year2025

About this property

Prime development opportunity awaits on this 1.41-acre corner lot, ideally suited for multi-family housing. The property includes an existing 2-bedroom, 1-bath home, offering rental income potential or a place to live while plans take shape. Water, electric, and septic are already in place, offering a head start on infrastructure and helping streamline the path to development. Its corner location adds flexibility for site planning and visibility, while the surrounding area offers easy access to shopping, dining, schools, and everyday conveniences—key draws for future residents and a strong indicator of long-term demand. Whether envisioned as townhomes, a small-scale apartment community, or another multi-unit concept, this lot offers the space, utilities, and location to bring a development vision to life. An excellent opportunity for builders and investors seeking a build-ready site with existing income potential in a well-connected, convenience-rich area.

Investor Tools

Property Icon
$240,000
Estimated Property Value
$141,313Estimated Mortgage Balance
$109,964Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

Interested in this property?

Christopher Watters

Watters International Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$456/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,278
$214,062
2025
$71,398
$142,664
$214,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,278
$214,062

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Unknown
$141,313
No
First
Nov 15, 2018
Dec 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,329
$87,671
40%
54%
$914/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.

Explore Texas Explore This Area
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: Burnet

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1104 S Boundary St | Property Details | No Agent List