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$220,000

NAL Estimated Property Value

1501 N Water St, Burnet, TX, 78611

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,056 Sq Ft
price_per_sqft$236.74 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Microwave, Free-Standing Electric Range, Washer/Dryer
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesNone
Lot Size10,650 sqft

Building Information

Year Built1952

Land Information

APN33509
Lot Number1
SubdivisionOaks Addition
Land UseResidential
Legal DescriptionS6750 OAKS ADDITION LOT 1 BLK 4
Census Tract960302
Assessed Land Value$31,950
Assessed Improvement Value$169,734
Assessment Year2025

About this property

Excellent opportunity at a great price. This clean 2/1 is move-in ready with a unique commercial potential in a prime Burnet location. The main areas are open including a full kitchen with white appliances and good cabinet space. Down a small set of stairs, you will see an additional bedroom, excellent for a home office, and a mudroom off the back entrance with a washer/ dryer. Low tax rate to boot! See this one quick!

Investor Tools

Property Icon
$220,000
Estimated Property Value
$421,566Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,746
$201,684
2025
$31,950
$169,734
$201,684
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,746
$201,684

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Of Burnet
Commercial
$450,000
No
First
Nov 4, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,566
N/A
0%
192%
$2,698/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: Burnet

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1501 N Water St | Property Details | No Agent List