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$359,000

142 Carissa Ln, Red Rock, TX, 78662

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,067 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$345.83 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
CoolingCooling
AppliancesOven
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2.24 acres

Building Information

Roof Type112

Land Information

APNR58813
Lot Number7
SubdivisionS7463 - Red Rock Acres (Replat)
Land UseResidential
Legal DescriptionRED ROCK ACRES (REPLAT), LOT 7, ACRES 2.2400
Census Tract950806
Assessed Land Value$112,488
Assessed Improvement Value$141,017
Assessment Year2025

About this property

Escape the city to this quiet modern retreat in the woods!  Nestled on 4+ acres, enjoy this 2018 build with a well appointed 2/2 home.  This home includes a passive solar heating design--which saves on utilities and offers abundant natural light during peak times of day.  Upon entry is a modern stair case leading to the open concept living/dining/kitchen space.  Vaulted ceilings and a lovely fireplace make the living room perfect for entertaining.  Open floating mahogany shelves in the kitchen, granite counters, stainless appliances, and lower soft close cabinets leave nothing to be desired.  The first floor includes the master bedroom with adjoining bathroom. The large upstairs bedroom has a private bathroom--built in shelving, tiled shower/bath combo and plenty of space to add additional storage.  Enjoy a cup of coffee off your upstairs balcony while taking in the view of the woods and wildlife.  Laminate flooring and tile throughout, Ringer windows, metal roof, and the potential to build on the extra lot---whether you call this home, a STR, or an investment, it'll be a special place for years to come!  Convenient to downtown Austin, Lockhart, Bastrop, COTA, and ABIA.  Escape the city to the quiet modern retreat in the woods!

Investor Tools

Property Icon
$359,000
Estimated Property Value
$451,050Estimated Mortgage Balance
$0Estimated Equity
-26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,214 /month
Positive
Cash Flow Estimate:
$738 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$454/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,654
$253,505
2025
$112,488
$141,017
$253,505
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,654
$253,505

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$451,050
No
First
Feb 28, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$414,988
N/A
0%
116%
$2,705/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: Red Rock

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142 Carissa Ln | Property Details | No Agent List