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$385,000

198 Kelley Rd, Bastrop, TX, 78602

SoldInfo
6/05/26
Beds2 Beds
Baths2 Bath
Baths1,484 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$259.43 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Gas Water Heater, Microwave
FlooringLaminate, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Yard
Lot Size1 acre

Building Information

Year Built2014
Stories1
Roof Type112

Land Information

APNR82083
Lot Number121B
SubdivisionS6343 - K C Estates Sec 3
Land UseResidential
Legal DescriptionK C ESTATES SEC 3, LOT 121B, ACRES 1.0000
Census Tract950504
Assessed Land Value$90,000
Assessed Improvement Value$200,507
Assessment Year2025

About this property

Set on a full acre in Bastrop, 198 Kelley Rd offers the kind of space and freedom that’s getting harder to find. This single story 2 bedroom, 2 bath home gives you room to grow, breathe, and create a lifestyle that feels entirely your own. Tucked among tall pine trees, the property has a peaceful feel from the moment you arrive. Morning light filters through the trees, blue jays call overhead, and the occasional bunny or deer passes through, making nature part of your everyday rhythm. The land opens the door to endless possibilities, whether you’re dreaming of expanding the home, adding a guest house or studio, creating space for multigenerational living, or simply enjoying the privacy of acreage. There’s room for gardens, a greenhouse, outdoor entertaining, or a workshop for creative projects. Inside offers comfortable, easy living, while outside is a blank canvas ready for your vision. This is more than just a property, it’s a place to slow down, settle in, and create something truly special in Bastrop.

Investor Tools

Property Icon
$385,000
Estimated Property Value
$373,790Estimated Mortgage Balance
$27,579Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$290,507
2025
$90,000
$200,507
$290,507
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$290,507

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Lending Corp
Va
$373,790
Yes
First
Dec 1, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$357,421
$27,579
7%
93%
$2,242/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: Bastrop

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