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$550,000

3322 County Road 1020, Lampasas, TX, 76550

On MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,450 Sq Ft
price_per_sqft$224.49 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
AppliancesCooktop, Double Oven, Dishwasher, Electric Water Heater, Range Hood
FlooringTile

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size7.60 acres

Building Information

Year Built1987

Land Information

APN10282
Land UseResidential
Legal DescriptionACR: 7.60 (TRACT 12B) ADDN: NIEL BROWN (UNREC) ABST: 0321 SURV: LUCIEN HOPSON LOCCD:108
Census Tract950302
Assessed Land Value$165,680
Assessed Improvement Value$324,770
Assessment Year2025

About this property

Motivated Seller! Offered as-is, this property presents an excellent opportunity to make it your own. Experience the best of country living just minutes from town! Situated on 7.6 beautiful acres in the peaceful Neil Brown Addition of Lampasas, this 5-bedroom, 2-bath brick home offers approximately 2,450 square feet of comfortable living space with room to spread out, inside and out. Step inside to find an updated kitchen featuring granite countertops, a double oven, glass cooktop, generous pantry space, and plenty of storage. The primary bathroom has also been beautifully updated, while the home’s thoughtful layout provides space for family, guests, a home office, or hobbies. A roof replaced approximately two years ago adds to the home’s appeal. Mature hardwood trees frame the acreage and create a peaceful setting with beautiful views. From the front porch, take in a Texas sunset with your animals grazing in sight. It is well suited for horses or your family's next 4H project! The property is perimeter and cross-fenced with a combination of pipe and wire fencing as well as a private gated entry that welcomes you home. Located approximately 1.7 miles from Key Avenue, this property offers that hard-to-find combination of acreage, privacy, beautiful Texas scenery, and convenience. Enjoy the peaceful country feel while keeping Lampasas amenities close by.

Investor Tools

$249,219Estimated Mortgage Balance
$286,170Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Crystal Banks

Carpenter Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$490,450
2025
$165,680
$324,770
$490,450
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$490,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Va
$273,430
Yes
First
Aug 20, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,219
$324,781
56%
47%
$1,640/mo

City: Lampasas

3322 County Road 1020 | Property Details | No Agent List