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$163,000

203 E Elm St, Burnet, TX, 78611

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths672 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.21 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available

Exterior

Lot Size5,998 sqft

Building Information

Year Built1960
Garage Spaces1

Land Information

APN44825
SubdivisionVandeveer/ Alexander
Land UseResidential
Legal DescriptionS8450 VANDEVEER/ ALEXANDER LOT NW PT OF 1 & NE PT OF 4 BLK 29
Census Tract960301
Assessed Land Value$18,000
Assessed Improvement Value$122,986
Assessment Year2025

About this property

This recently renovated Burnet residence is sure to catch your attention! The open floorplan, elegant flooring, and graceful natural lighting are all features that make this home special. The commodious primary bedroom features high ceilings, a ceiling fan, and 2 large windows that bring a natural glow to the room. The other bedroom in the home can be converted into the perfect office space, or whatever your heart desires! Take a step into the backyard where you will see a brand new wooden fence and a huge backyard, perfect for entertaining or just enjoying some fun in the sun. The home is located on a large lot. Located just minutes to H-E-B and local restaurants. Also just blocks away from Burnet's historic downtown district. Do not let this beautiful property slip away!

Investor Tools

Property Icon
$163,000
Estimated Property Value
$0Estimated Mortgage Balance
$163,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$978 /month
Positive
Cash Flow Estimate:
$326 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$305/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,850
$140,986
2025
$18,000
$122,986
$140,986
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,850
$140,986

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$167,000
100%
0%
$0/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: Burnet

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