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$990,000

NAL Estimated Property Value

1540 N State Highway 95, Bastrop, TX, 78602

$1,287,000 ARVInfo
Off MarketInfo
CommercialInfo
Beds2 Beds
Baths2 Bath
Baths5,276 Sq Ft
price_per_sqft$322.21 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringLinoleum, Vinyl, Wood

Exterior

Lot Size19.58 acres

Building Information

Year Built1940
Stories1
Roof Type112
Garage Spaces2

Land Information

APNR23837
SubdivisionBarker, Leman
Land UseResidential
Legal DescriptionA6 BARKER, LEMAN, ACRES 19.5800
Census Tract950506
Assessed Land Value$47,818
Assessed Improvement Value$356,963
Assessment Year2025

About this property

This is a fantastic opportunity you don’t want to miss! With 19.5 acres of land, you’ll have ample space to build your dream home or business in a serene setting. The existing house, built in the 1940s with original wood floors 2b/2b (owners living in) no central air, electric heater and window units, second home is a teardown and property is being sold as-is, giving you a blank canvas to create your vision. Wildlife exemption and is abundant in this area, making it perfect for nature lovers. Older horse barn for getting out of the weather. Needs cleanup but has over 300’ of road frontage. Perfect for Storage units, RV Park, Mobile home park, so many opportunities. Owner is open to subdivide the property and open to selling back section of the property with a driveway lane on right side of property, approx. 5 acres. Enjoy the best of both worlds—peaceful country living with the convenience of being just a short drive to Lake Bastrop, Post Pines, and Bastrop Town Center. Great space for RV park, storage, mobile home park, distribution, warehousing business location. The city of Bastrop also hosts numerous events throughout the year, fostering a strong sense of community. Nice oaks on the property and also has mesquite trees.. Creek runs through back area of property and there is about 3 acres on other side of creek easy to access as rarely has water in creek only runs with heavy rains. Bastrop is known for its breathtaking pine and oak trees, offering a picturesque landscape. Plus, with a low tax rate and easy access to modern conveniences, this property is the perfect place to call home. Don’t miss out on this incredible investment opportunity! Approx. 9.5 miles from Elgin and 7.5 miles out of Bastrop.

Investor Tools

Property Icon
$990,000
Estimated Property Value
$0Estimated Mortgage Balance
$990,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$2,210,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,200 /month
Positive
Cash Flow Estimate:
$3,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$849/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,243
$404,781
2025
$47,818
$356,963
$798,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,243
$404,781

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$404,781
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
N/A
+$2,088/mo
2.5%

City: Bastrop

1540 N State Highway 95 | Property Details | No Agent List