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$283,492

204 Terrace Dr, Spicewood, TX, 78669

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths960 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$301.98 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesCooktop, Dishwasher, Electric Range, Exhaust Fan, Microwave, Electric Oven, Free-Standing Electric Range, Electric Water Heater
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size13,987 sqft

Building Information

Year Built1970
Garage Spaces1

Land Information

APN41892
Lot Number42
SubdivisionSpicewood Beach
Land UseResidential
Legal DescriptionS7930 SPICEWOOD BEACH LOT 42 & W1/2 OF 41
Census Tract960803
Assessed Land Value$60,140
Assessed Improvement Value$223,352
Assessment Year2025

About this property

LAKE VIEWS! Nestled in the charming Spicewood Beach community, this home offers tranquility and picturesque surroundings, perfect for a primary residence, vacation home or rental property (see restrictions in MLS) with a LOW TAX RATE. One of few affordable communities within an hour of Austin that include lake access via boat ramp and a 9-hole golf course! The clean, cozy feel of the home adds to its charm, with 2 bedrooms, 1 full bathroom and an additional area for either a dining room or an office. The interior reflects an open floor plan, flooded with natural light. The exterior boasts a huge deck built around a tree & a wrap-around porch, along with a large front yard, backyard and 1-car garage. Lovely and livable as it is, with additional potential to renovate to your liking. Over $25k in recent upgrades (see full list in MLS)!

Investor Tools

Property Icon
$283,492
Estimated Property Value
$279,837Estimated Mortgage Balance
$12,842Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$412/month
$187/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,528
$283,492
2025
$60,140
$223,352
$283,492
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,528
$283,492

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Fha
$279,837
Yes
First
Jul 18, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,082
$12,410
4%
96%
$1,678/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: Spicewood

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204 Terrace Dr | Property Details | No Agent List