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$297,000

NAL Estimated Property Value

1308 Redbud Trl, Lockhart, TX, 78644

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,052 Sq Ft
price_per_sqft$153.02 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Electric Oven, Dryer, Dishwasher, Electric Range, Refrigerator, Washer
FlooringLaminate

Exterior

Exterior FeaturesGarden, Rain Gutters
Lot Size11,252 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN0300589-003-012-00
Lot Number12
SubdivisionWoodlawn Addn
Land UseResidential
Legal DescriptionWOODLAWN ADDN, BLOCK 3, LOT 12
Census Tract960400
Assessed Land Value$37,350
Assessed Improvement Value$235,120
Assessment Year2025

About this property

This beautifully maintained 3-bedroom, 2-bathroom home offers 2,052 sq ft of thoughtful design and functionality. The inviting living room features charming wood beams and a cozy fireplace, creating a warm and welcoming atmosphere. All bedrooms are generously sized, each with walk-in closets. The home also includes a formal dining room and a comfortable breakfast area, perfect for hosting and everyday living. Built-in storage is thoughtfully placed throughout the home, with a large laundry room and an additional storage room off of the oversized 2-car garage. The backyard is a gardener's delight, with flower beds and a screened-in porch, ideal for enjoying the outdoors. Set on a gorgeous lot with mature trees in a well-established neighborhood, this property is conveniently located just 1.3 miles from downtown Lockhart and 1.7 miles from the SH130 toll road. This is a wonderful opportunity to own a charming home in a prime location.

Investor Tools

Property Icon
$297,000
Estimated Property Value
$246,777Estimated Mortgage Balance
$50,223Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,884 /month
Positive
Cash Flow Estimate:
$628 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,142
$272,470
2025
$37,350
$235,120
$272,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,142
$272,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$251,200
No
First
May 8, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,777
$41,223
14%
83%
$1,507/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,507/mo
+$581/mo
8.4%

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: Lockhart

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1308 Redbud Trl | Property Details | No Agent List