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$338,471

NAL Estimated Property Value

207 Bishop St, Smithville, TX, 78957

Off MarketInfo
Beds2 Beds
Baths0 Bath
Baths1,390 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 0Bathrooms 0
Indoor FireplaceIndoor Fireplace
CoolingCooling
AppliancesFree-Standing Range, Refrigerator, Tankless Water Heater
FlooringCarpet, Linoleum, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size8,451 sqft

Building Information

Year Built1947
Roof Type112
Garage Spaces2

Land Information

APNR15904
Lot Number5
SubdivisionBurleson
Land UseResidential
Legal DescriptionBURLESON, BLOCK 35, LOT 5
Census Tract950700
Assessed Land Value$57,460
Assessed Improvement Value$281,011
Assessment Year2025

About this property

Situated on a corner lot and zoned C3 Highway Commercial - potential for an office or various business entity requiring Loop 230 exposure PLUS separate 1-1 garage apartment to live in - or rent out. Main house has 2 large bedrooms and 1 bath in between, large living area, large dining room, kitchen and bonus room off front bedroom. This property can be used for business purposes or residential; or a mixture of both. Garage apartment has 2-car garage under apt. and additional covered carport.Restrictions: Yes

Investor Tools

Property Icon
$338,471
Estimated Property Value
$147,017Estimated Mortgage Balance
$191,735Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,031 /month
Positive
Cash Flow Estimate:
$677 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$742/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,209
$338,471
2025
$57,460
$281,011
$338,471
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,209
$338,471

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Bastrop
Unknown
$168,000
No
First
Sep 26, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,017
$191,454
56%
43%
$945/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: Smithville

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207 Bishop St | Property Details | No Agent List