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$394,000

1633 Kay Lane, Reno, TX, 76020

$512,200 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths3,236 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.76 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Electric Range
FlooringConcrete

Exterior

Lot Size7 acres

Building Information

Year Built2015
Stories2

Land Information

APN21022-004-001-00
Land UseAgriculture / Farming
Legal DescriptionACRES: 7.000 TRACT: 8 ABST: 1022 SURVEY: NELSON J E SURV: J. E. NELSON
Census Tract140413
Assessed Land Value$353,230
Assessed Improvement Value$362,880
Assessment Year2025

About this property

Nestled on approximately 7 private acres at the end of a quiet roadway, this unique property offers immediate livability with room to expand. The primary residence is a versatile metal building that has been thoughtfully finished to include a full kitchen, two bedrooms, a full bathroom, and a utility room. Durable concrete floors provide low-maintenance living, making it ideal as a full-time residence, weekend retreat, or guest quarters. Also located on the property is an unfinished log home, offering an exceptional opportunity to create your dream home. The seller has already assembled many of the materials needed for completion, all of which will remain with the property. Finish the home using the existing materials or customize it with your own design and finishes to suit your vision. Whether you're looking for a place to live while completing your dream home, multi-generational living, or a property with flexible residential potential, this one-of-a-kind offering provides privacy, versatility, and endless possibilities.

Investor Tools

$169,218Estimated Mortgage Balance
$546,892Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$512,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,297 /month
Positive
Cash Flow Estimate:
$1,432 /month

Interested in this property?

Nita Shinsky

Shinsky & Assoc RealEstate Srv

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$716,110
2025
$353,230
$362,880
$716,110
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$716,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$180,000
No
First
May 10, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,218
$546,892
76%
24%
$1,080/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: Reno

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1633 Kay Lane | Property Details | No Agent List