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$224,000

NAL Estimated Property Value

1503 N Water St, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,309 Sq Ft
price_per_sqft$114.59 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesFree-Standing Range, Electric Water Heater
FlooringSee Remarks

Exterior

Exterior FeaturesNone
Lot Size10,276 sqft

Building Information

Year Built1965
Garage Spaces1

Land Information

APN33510
Lot Number2
SubdivisionOaks Addition
Land UseResidential
Legal DescriptionS6750 OAKS ADDITION LOT 2 BLK 4
Census Tract960302
Assessed Land Value$30,825
Assessed Improvement Value$172,017
Assessment Year2025

About this property

Location and Potential! This little 3 Bedroom, 1 Bath House is ready for new owners who want to make it their own. Seller is ready for next adventure after 24 years in this well built 1960s ranch style home. Needs some renovations and TLC, but is priced accordingly. Ideally located on N.Hwy 281, it could potentially be rezoned to Commercial. Large lot goes street to street w/640 sqft, 2 story workshop/storage building in back. Seller is motivated for a quick sale.FEMA - Unknown

Investor Tools

Property Icon
$224,000
Estimated Property Value
$0Estimated Mortgage Balance
$224,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$495/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,821
$202,842
2025
$30,825
$172,017
$202,842
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,821
$202,842

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$224,000
100%
0%
$0/mo

City: Burnet