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$899,999

227 Henderson Ln, Lockhart, TX, 78644

On MarketInfo
Beds5 Beds
Baths6 Bath
Baths4,298 Sq Ft
price_per_sqft$382 / sqft
Year BuiltBuilt in 1945

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesGas Cooktop, Microwave, Oven, Refrigerator, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRv Hookup
Lot Size1 acre

Building Information

Year Built1945
Stories1

Land Information

APN0500289-016-000-00
SubdivisionTyler, John
Land UseResidential
Legal DescriptionA289 TYLER, JOHN, ACRES 1.0
Census Tract960102
Assessed Land Value$66,800
Assessed Improvement Value$169,940
Assessment Year2025

About this property

24 Acres | 3 Homes | Multiple Utility Connections | No City Restrictions | A rare opportunity to own 24 acres just outside Lockhart with the flexibility, infrastructure, and income-producing potential that's increasingly difficult to find. Located minutes from Historic Downtown Lockhart, this unrestricted property offers three homes, multiple utility connections, low taxes through a wildlife exemption, and endless possibilities for residential, recreational, or investment use. The property includes three homes, with the option to remove the third residence if desired. Existing infrastructure is already in place with four water meters, four electric meters, and four septic systems. Outside city limits, you'll enjoy the freedom to use the property without city restrictions while benefiting from the privacy and space of a rural setting. Hunting is permitted on the property, and the gently rolling terrain, mature trees, and expansive views provide a true Texas landscape. The main residence features an in-ground pool, secure pool fencing, and a covered pavilion ideal for entertaining. A second home, originally built in the late 1890s, has been thoughtfully renovated, blending historic character with modern updates. The third home offers 1 bedroom, 1 bath with living space, kitchen and laundry room. Whether you're seeking a family compound, multi-generational living setup, event venue potential, short-term rental opportunity, recreational retreat, or a long-term land investment, this property offers the flexibility to bring your vision to life. Additional property details and highlights are available upon request. Video tour: https://youtu.be/UGp-XFDzC6s

Investor Tools

$41,940Estimated Mortgage Balance
$948,371Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,940 /month
Positive
Cash Flow Estimate:
$1,980 /month

Interested in this property?

Sylvia Muzzy

All City Real Estate Ltd. Co

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$601/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,265
$203,448
2025
$66,800
$169,940
$236,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,265
$203,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Lockhart National Bank
Conventional
$45,500
No
First
Jan 24, 2022
Jan 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$41,940
$1,072,060
96%
4%
$273/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: Lockhart

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227 Henderson Ln | Property Details | No Agent List