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$466,000

NAL Estimated Property Value

325 Cherry Ridge Dr, Burnet, TX, 78611

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,320 Sq Ft
price_per_sqft$170.45 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesDishwasher, Microwave, Free-Standing Range, Electric Water Heater
FlooringConcrete

Exterior

Lot Size10.10 acres

Building Information

Year Built2008
Garage Spaces4

Land Information

APN64886
Lot Number3
SubdivisionCherry Ridge Ranch (Unrecorded)
Land UseResidential
Legal DescriptionS3655 CHERRY RIDGE RANCH (UNRECORDED) LOT 3 10.096
Census Tract960302
Assessment Year2025

About this property

Quiet and Secluded in Burnet County 10.1 Acres with a 2 bedroom-1 bath 1320 sq foot Barndominium. Upgraded with stained concrete floors, granite countertops, rustic finish out in natural setting. 1080 sq.ft. garage/storage also part of Barndominium. Parameter fenced with gate. Ag Exempt. Horse pens. Aerobic septic system and well in place. 25 x 40 concrete pad.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$466,000
Estimated Property Value
$181,662Estimated Mortgage Balance
$284,338Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,796 /month
Positive
Cash Flow Estimate:
$932 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,670
$381,120
2025
N/A
N/A
$419,005
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,670
$381,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Conventional
$229,337
No
First
Jul 12, 2016
Aug 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$181,662
$302,338
62%
39%
$1,375/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: Burnet

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325 Cherry Ridge Dr | Property Details | No Agent List