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$139,000

NAL Estimated Property Value

308 N Race St, Lampasas, TX, 76550

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,100 Sq Ft
price_per_sqft$159.09 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesFree-Standing Gas Oven, Water Heater
FlooringLaminate

Exterior

Exterior FeaturesSee Remarks
Lot Size8,973 sqft

Land Information

APN1511
Land UseResidential
Legal DescriptionLOT: 4 BLK: 63 ADDN: L S C 1ST LOCCD:94
Census Tract950400
Assessed Land Value$18,840
Assessed Improvement Value$90,010
Assessment Year2025

About this property

Welcome to 308 N Race in BOOMING Lampasas, Texas! This adorable three bedroom - two bathroom home is ready for move-in! Nestled on a large corner lot in a very established part of town, enjoy all the luxuries of in-town living while still having a tremendous amount of privacy. Entering into the home, you'll find a formal living area with a tremendous amount of natural light. Both guest bedrooms and guest bathroom are tucked away off of the living area. Also off of the main living area is a beautifully updated kitchen. The kitchen is spacious and offers ample storage. There is a large family room between the kitchen and laundry room - a great setting to entertain or watch a football game! Nestled in the back corner of the home is the spacious primary bedroom and en-suite bathroom. This home may not have a large square footage, but the layout is awesome! A major highlight of this home is the expansive covered back porch and fully fenced back yard. This home packs a lot of bang for the buck! Highly rated schools, no mandatory HOA, and a great community - find yourself at home here!

Investor Tools

Property Icon
$139,000
Estimated Property Value
$157,374Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,063
$108,850
2025
$18,840
$90,010
$108,850
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,063
$108,850

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gsb Mortgage Inc
Conventional
$166,250
No
First
May 26, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,374
N/A
0%
113%
$997/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: Lampasas

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308 N Race St | Property Details | No Agent List