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$2,200,000

186 Fm 969, Bastrop, TX, 78602

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths2,636 Sq Ft
price_per_sqft$834.6 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Exhaust Fan, Gas Oven, Gas Range
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size10.01 acres

Building Information

Year Built1981
Stories1
Garage Spaces2

Land Information

APNR47587
SubdivisionBlakey, Nancy
Land UseResidential
Legal DescriptionABS A98 BLAKEY, NANCY,10.010 ACRES
Census Tract950301
Assessed Land Value$43,810
Assessed Improvement Value$173,756
Assessment Year2025

About this property

Opportunity awaits at this property located along FM 969 in the growing Bastrop area. Offering a unique blend of space and accessibility, this property is ideal for a variety of uses, whether you’re looking for a primary residence, investment opportunity, or potential commercial use. Situated on a generous lot, the property provides ample outdoor space with room to expand, store equipment, or create your ideal setup. The location offers convenient access to major roadways, making commuting to nearby cities simple while still enjoying the charm and privacy Bastrop has to offer. Just a short drive to Downtown Bastrop, where you’ll find local shops, dining, and community events, this property combines location and potential. With continued growth in the Bastrop area, this is a great opportunity for buyers looking to invest in a rapidly developing market. Schedule your showing today to explore the possibilities.

Investor Tools

$244,131Estimated Mortgage Balance
$1,934,916Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,200 /month
Positive
Cash Flow Estimate:
$4,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,115/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,488
$217,566
2025
$43,810
$173,756
$606,039
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,488
$217,566

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southern Mortgage Group Llc
Conventional
$280,000
No
First
Oct 18, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,131
$1,983,869
89%
11%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$1,679/mo
$-53/mo
0.9%

City: Bastrop