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$399,000

202 Manor DR, Kerrville, TX, 78028

$518,700 ARVInfo
Under ContractInfo
Baths0 Bath
Baths3,768 Sq Ft
price_per_sqft$105.89 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesDog Run, Garden, No Exterior Steps, Private Yard

Building Information

Year Built1969
Garage Spaces3

Land Information

APN25292 02
SubdivisionColonial Manor 1
Land UseDuplex, Fourplex Multifamily
Legal DescriptionCOLONIAL MANOR 1 LOT 21 & 1/2 OF 22
Census Tract960200
Assessed Land Value$39,600
Assessed Improvement Value$433,222
Assessment Year2023

About this property

Multiple offers. Please, submit highest and best by Wed evening. This one is BIG. Unique opportunity for an owner-occupant wanting a lot of room with a huge yard. Bonus 2/1 next door with it’s own ginormous yard. Super easy to rent if you prefer. The larger side is 2,508 sf with three big bedrooms. One even has an office with wooden shutters & a fireplace. Oversized laundry room with sink, cabinets for days, and a slide out ironing board. The smaller side is a well-designed 1,260 sf 2/1 with a large kitchen and living area. HUGE fenced backyard with one of the biggest red oaks I’ve ever seen and double gates out the back for your RV, boat, new construction, and Elm Creek Park which is directly across the street. It has 11 acres of trails and a pavilion. Located just a half a mile from the river in the desirable Colonial Manor neighborhood. Abundant storage, fully handicap accessible, and a supersized back patio big enough for everyone. Listing agent related to seller.

Investor Tools

$0Estimated Mortgage Balance
$472,822Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$518,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,837 /month
Positive
Cash Flow Estimate:
$946 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$929/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,785
$472,822
2023
$39,600
$433,222
$472,822
No

Tax History

Year
Tax Paid
Assessed Value
2023
$8,785
$472,822

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$472,822
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Kerrville

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202 Manor DR | Property Details | No Agent List