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Days1433Days on Market
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$680,000

137 Wamel Way, Cedar Creek, TX, 78612

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,174 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.24 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3.56 acres

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR85495
Lot Number8
SubdivisionThe Homestead On Hobbs Creek, Phase One
Land UseResidential
Legal DescriptionTHE HOMESTEAD ON HOBBS CREEK, PHASE ONE, BLOCK A, LOT 8, ACRES 3.5600
Census Tract950303
Assessed Land Value$287,506
Assessed Improvement Value$344,318
Assessment Year2025

About this property

Seven miles from SpaceX, Starlink, and The Boring Company. Twenty-two from the Tesla Gigafactory. If you're moving to the Bastrop corridor and want real land instead of a tract-home lot, this is the one. Expansive 3.56 private acres at the end of a cul-de-sac, with a pond, mature oak trees, garden space, and trails to the back. The owner already ran underground electric and water to the rear of the property, so you can add a cabin, guest house, or shop without starting from zero. Rental income, room for in-laws, RV hookup, or a studio in the trees. Up to you! Inside, 3,174 square feet built around flexibility: two primary suites and a true in-law floor plan for multigenerational living or house-hacking. Open living, kitchen, and dining with granite, an island, and vaulted ceilings. A climate-controlled art studio with its own half bath. Upstairs adds a second living area, two more bedrooms, and a full bath. Masonry columns and a circular drive out front, ten parking spots for trucks and an RV, a two-car garage, above-ground pool, covered deck, dog run, and playground out back. Public water, septic replaced in 2024, and gigabit fiber for remote work. HOA is just $60 a year. This corridor isn't making any more land!

Investor Tools

Property Icon
$673,000
Estimated Property Value
$585,000Estimated Mortgage Balance
$129,827Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,080 /month
Positive
Cash Flow Estimate:
$1,360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,007/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,724
$631,824
2025
$287,506
$344,318
$631,824
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,724
$631,824

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
R Bank
Conventional
$585,000
No
First
Oct 17, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$547,069
$84,755
13%
81%
$3,508/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: Cedar Creek

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137 Wamel Way | Property Details | No Agent List