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$697,000

NAL Estimated Property Value

276 Highway 304, Bastrop, TX, 78602

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,320 Sq Ft
price_per_sqft$336.21 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Electric Cooktop, Electric Range, Disposal, Microwave, Oven, Refrigerator, Stainless Steel Appliances
FlooringTile, Wood

Exterior

Exterior FeaturesGarden
Lot Size2.30 acres

Building Information

Year Built1984
Stories1
Garage Spaces4

Land Information

APNR53425
SubdivisionRousseau, Mozea
Land UseResidential
Legal DescriptionA56 ROUSSEAU, MOZEA, ACRES 2.3030
Census Tract950302
Assessed Land Value$207,302
Assessed Improvement Value$374,799
Assessment Year2025

About this property

Embrace the best of both worlds in this exceptional property located in the heart of Bastrop County. Boasting over 200 feet of Highway 304 frontage and a mere mile from Highway 71, this versatile gem sits outside city limits within the ETJ, offering a myriad of opportunities. Step into the main house, a thoughtfully remodeled 3-bedroom, 2-bathroom residence spanning 2,320+/- sq ft. It's stunning features and open floor plan create an inviting atmosphere accentuated by an abundance of natural light that floods through numerous windows. The large covered back patio extends your living space, inviting relaxation against a backdrop of scenic views. Complementing the main residence, a 1-bedroom, 1-bathroom guest house spanning 900+/- sq ft stands as an income-producing asset, ideal for tenants or additional living space. Diversifying the property's revenue streams, over 1,600+/- sq ft of pole barn/storage space, part of which is currently leased out to an established plant nursery, while a fully-equipped 600+/- sq ft shop, complete with two bay doors, insulation, and electricity, provides endless possibilities for business ventures or personal use. Recent renovations, including a roof replacement for the main house less than a year ago and upgraded plumbing within the last three years, ensure both durability and modern functionality. Sitting on 2.3+/- acres, this property enjoys a strategic location just 7 miles from Starlink and the Boring Company, 22 miles from ABIA and TESLA, and a mere 3 miles from historic downtown Bastrop. It's proximity to major technological hubs and historical landmarks, combined with recent remodeling and upgrades, positions it as an exceptional opportunity for residential comfort, commercial ventures, or a blend of both. Experience the epitome of versatility and potential in this meticulously maintained and upgraded property, perfectly poised to accommodate diverse lifestyles and investment goals.

Investor Tools

Property Icon
$697,000
Estimated Property Value
$135,836Estimated Mortgage Balance
$561,380Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,680 /month
Positive
Cash Flow Estimate:
$1,560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$918/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,526
$582,101
2025
$207,302
$374,799
$582,101
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,526
$582,101

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fayette Savings Bank Ssb
Commercial
$140,000
No
First
Aug 16, 2024
Aug 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,836
$561,164
80%
19%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$840/mo
+$1,248/mo
3.6%

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: Bastrop

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276 Highway 304 | Property Details | No Agent List