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$423,000

NAL Estimated Property Value

159 Farris Ln, Smithville, TX, 78957

$549,900 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,048 Sq Ft
price_per_sqft$241.7 / sqft
Year BuiltBuilt in 1995

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Free-Standing Range, Refrigerator, Washer/Dryer
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesExterior Steps
Lot Size9.31 acres

Building Information

Year Built1995
Stories1
Garage Spaces2

Land Information

APNR18389
Lot Number7-8
SubdivisionS7440 - Racoon Ridge
Land UseResidential
Legal DescriptionRACOON RIDGE, LOT 7-8, ACRES 9.3100, (MH 32X64, S/N N224020A/B, L/N TEX0559417/16)
Census Tract950601
Assessed Land Value$240,780
Assessed Improvement Value$122,951
Assessment Year2025

About this property

Some homes are just houses. This one is a feeling. The moment you turn onto Farris Lane, something shifts. The road itself seems to whisper slow down — and by the time you arrive at 159 Farris Lane, you already feel at home. Nestled on 9.3 beautifully wooded, fully fenced acres with private walking trails, this 3-bedroom, 2-bath manufactured home offers 2,048 square feet of comfortable living space and something far harder to find: genuine peace and quiet. Enjoy your mornings with coffee on the porch, listening to the rain on a lazy afternoon, or watching the Texas sunset paint the sky in colors that no filter could improve. This is a home where the porch isn't an afterthought — it's a lifestyle. Step outside and you'll find wild berries and native Mustang grapes growing right on the land, woodpeckers drumming away in the canopy, and deer and rabbits making their morning rounds — sometimes visible right from the breakfast table. The trails wind through the property, perfect for a quiet morning walk or an afternoon adventure with the kids while something good sizzles on the grill. At night, the Texas sky opens up in a way you just don't get in the city. No light pollution. No noise. Just stars. All of this, just 14 minutes from the charm of downtown Smithville and 17 minutes from the amenities of downtown Bastrop — close enough for errands, far enough to feel like your own little world. Properties like this don't stay on the market long, and honestly, once you visit, you'll understand why.

Investor Tools

Property Icon
$423,000
Estimated Property Value
$281,295Estimated Mortgage Balance
$141,705Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$549,900
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$619/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,312
$363,731
2025
$240,780
$122,951
$363,731
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,312
$363,731

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Unknown
$281,700
No
First
Apr 23, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,295
$141,705
33%
67%
$1,689/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: Smithville

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159 Farris Ln | Property Details | No Agent List