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$167,620

NAL Estimated Property Value

3308 Fm 1185, Lockhart, TX, 78644

$217,906 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,427 Sq Ft
price_per_sqft$73.75 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesNone
FlooringCarpet, Linoleum, Wood

Exterior

Private PoolPrivate Pool
Lot Size1 acre

Building Information

Year Built1930
Stories2
Garage Spaces4

Land Information

APN0100063-178-010-00
SubdivisionConnell, Sampson
Land UseResidential
Legal DescriptionA063 CONNELL, SAMPSON, ACRES 1.0
Census Tract960103
Assessed Land Value$98,620
Assessed Improvement Value$69,000
Assessment Year2025

About this property

Historic Home on Oak-Studded Acre Just Minutes from Lockhart! Discover the potential of this beautiful, shade-filled one-acre parcel, dotted with majestic oaks and located just minutes north of Lockhart. Whether you're a lover of historic homes or dreaming of building your own custom retreat, this property offers endless opportunity. For those with a passion for restoration, the existing vintage home is ready to shine once again. Featuring three bedrooms, a living room, kitchen, formal dining room, and a spacious second-story attic, there's plenty of space to craft a one-of-a-kind residence full of character and charm. OR, prefer to start fresh? The generous lot offers ample room to build your dream home from the ground up. With all utilities already in place—Bluebonnet Electric, Aqua Water, and a septic system—you're ready to begin your project with ease. Superb LOCATION with lots of road frontage on this extra-wide parcel with two driveways, and great proximity for Austin commuters with SH130 just three miles away, and San Marcos/Bastrop commuters enjoy SH21 only five minutes north. Whether you're restoring the past or building your future, this unique property is a rare find in a fast-growing area. Come see the potential for yourself!

Investor Tools

Property Icon
$167,620
Estimated Property Value
$130,800Estimated Mortgage Balance
$37,371Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$217,906
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$289/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,635
$167,620
2025
$98,620
$69,000
$167,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,635
$167,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Lockhart National Bank
Credit Line (Revolving) / Heloc
$50,000
No
First
Jun 3, 2011
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,800
$36,820
21%
78%
$894/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$894/mo
+$1,194/mo
14.9%

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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