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$536,000

401 Lamar Ave, San Marcos, TX, 78666

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,098 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.94 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available

Building Information

Year Built1975
Garage Spaces529

Land Information

APNR43389 01
Lot Number1
SubdivisionSpring Lake Hills Est #6
Land UseResidential, 5 Acres Or Less
Legal DescriptionSPRING LAKE HILLS EST #6 LOT 1 GEO#90207506 TAX CODES:SSM,WEU,WUS
Census Tract010703
Assessed Land Value$63,910
Assessed Improvement Value$396,390
Assessment Year2025

About this property

Perched atop the hills in San Marco's most desired neighborhood of Spring Lake Hills, awaits an opportunity to customize this well maintained and cared for home. Situated on a corner lot on a cul-de-sac, this FOUR bedroom property is surrounded by the beauty of Spring Lake Preserve and Natural Area. Featuring an open great room with beautiful custom beamed wood ceilings and wall-to-wall built-ins accenting the beautiful brick fireplace as the centerpiece. Single level floor plan and updated kitchen ready for it's new owner's finishing touches. Quaint front courtyard sitting area to enjoy the sunrise and beautiful custom sun room to enjoy the evenings. Phenomenal location allows for many access points within the city of San Marcos, walk or bike down the hill to the river, downtown, TX State University and Bobcat Stadium minutes from the river and thriving downtown.

Investor Tools

Property Icon
$536,000
Estimated Property Value
$460,000Estimated Mortgage Balance
$102,052Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,216 /month
Positive
Cash Flow Estimate:
$1,072 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$783/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$460,300
2025
$63,910
$396,390
$460,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$460,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$460,000
Yes
First
Apr 18, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$434,695
$25,605
5%
81%
$2,758/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: San Marcos

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401 Lamar Ave | Property Details | No Agent List