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$247,000

NAL Estimated Property Value

118 County Road 118a, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,244 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.6 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
AppliancesElectric Range, Free-Standing Electric Oven, Refrigerator, Tankless Water Heater, Electric Water Heater
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesUncovered Courtyard, Lighting
Lot Size19,632 sqft

Building Information

Year Built1970
Garage Spaces1

Land Information

APN39128
Lot Number655,656
SubdivisionSherwood Shores Iii
Land UseResidential
Legal DescriptionS7700 SHERWOOD SHORES III LOT 655 & 656, SEC A
Census Tract960401
Assessed Land Value$19,631
Assessed Improvement Value$151,041
Assessment Year2025

About this property

Your wait for an affordable home near the lake is over! This newly remodeled 3/2 has an open floor plan and kitchen appliances included! 2 cute bedrooms are downstairs, and the over-sized master is upstairs nestled in a canopy of gorgeous mature oaks all around. Awesome updates...Metal roof, Hardie Siding, energy efficient windows, HVAC, Tankless Water Heater, Wood look laminate flooring throughout, Bath and Kitchen Fixtures, cabinets, interior/exterior doors, trim and ceiling fixtures...all replaced in 2019. Large wood deck on the side of the house, and a small iron-and-brick gated courtyard is in the front yard of the home. Outside is a large double lot with space for RVs and multiple boat parking. The 1 Car garage could be a shop or mancave. Bring your fishing pole and head down the POA park to drop the boat in and fish or swim!

Investor Tools

Property Icon
$247,000
Estimated Property Value
$142,595Estimated Mortgage Balance
$104,405Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
$20/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,229
$170,672
2025
$19,631
$151,041
$170,672
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,229
$170,672

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$154,700
No
First
Mar 25, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,595
$143,405
50%
58%
$928/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: Burnet

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118 County Road 118a | Property Details | No Agent List