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$431,000

NAL Estimated Property Value

1501 Hill St, Bastrop, TX, 78602

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,065 Sq Ft
price_per_sqft$240.68 / sqft
Year BuiltBuilt in 1890

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
AppliancesElectric Oven, Electric Water Heater, Free Standing Electric Range, Microwave, Oven, Range Hood
FlooringVinyl, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size26,267 sqft

Building Information

Year Built1890
Stories1
Roof Type112

Land Information

APNR31820
SubdivisionFarm Lot
Land UseResidential
Legal DescriptionFARM LOT, BLOCK 20 E M ST, ACRES 0.603
Census Tract950401
Assessed Land Value$121,352
Assessed Improvement Value$292,318
Assessment Year2025

About this property

* WISTFULLY SIMPLE * OLD-WORLD HARDY * TIMELESS & TRUE * This 1890’s treasure in Downtown Bastrop has been lovingly restored over 17 years. All in good order, all in good time, all in good hands. Foundation, electrical, plumbing, painting, and infinitely more (see the list of renovations.) It’s the kind of care that cannot be outsourced, the kind of workmanship that stands the test of time, the kind of attention that cannot be rushed. The long leaf pine feels rich underfoot, especially when paired with the 11’7” overhead. These are tall ceilings! Enjoy the versatility of the layout. The rooms can be repurposed to suit an ever-changing life. Every original window has been removed, reworked, reglazed and restored. Every surface has been painted. Every inch has been utilized and fortified. It’s a sturdy home that is customizable by the fortunate folks who get to call it theirs. The land is as spacious as it is gracious. It’s situated on a corner lot with much privacy in the front, access on the side, and a surprising amount of space tucked behind. The front porch runs the width of the house on Hill Street - a breezy swinging spot that’s friendly and grand. The side street Catalpa might be the quietest street in Bastrop! It’s narrow, discreet and quite petite. The L-shaped “extra lot” in the back was a garden in days of yore. It’s a lovely, sunny spot that could be kept green as a natural buffer between homes or it could be imagined differently – perhaps with a workshop or a guest cottage or an artist studio. B3 codes allow up 2 ADU’s (accessory dwelling units). Visit our City of Bastrop codes to learn more: https://www.cityofbastrop.org/page/plan.home Come experience the warm and welcoming nature of Historic Downtown Bastrop. Stay a while. Stay forever.

Investor Tools

Property Icon
$431,000
Estimated Property Value
$0Estimated Mortgage Balance
$431,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,982 /month
Positive
Cash Flow Estimate:
$994 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$940/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,121
$413,670
2025
$121,352
$292,318
$413,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,121
$413,670

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$433,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
N/A
+$1,626/mo
4.5%

City: Bastrop

1501 Hill St | Property Details | No Agent List