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$194,000

NAL Estimated Property Value

402 N Fredericksburg ST 7, San Marcos, TX, 78666

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths791 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$284.32 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

About this property

Discover the charm of this 2 Bed, 1 Bath Condo in University Place Condominiums in San Marcos Texas! Just one block away from Texas State University and a short stroll to downtown restaurants and nightlife, this cozy condo offers modern amenities and convenience. You'll love the treetop view from the second-story balcony, and with 2 parking garage spaces and a carport space, parking is a breeze. The unit comes with a washer and dryer for added convenience. Step inside to a warm and inviting living space with ample natural light. The well-equipped kitchen features modern appliances. Two spacious bedrooms provide a comfortable retreat, and the tastefully designed bathroom is easily accessible from both rooms. Don't miss this opportunity to own a delightful condo in the heart of San Marcos, ideal for students, young professionals, or as a great investment. Schedule a viewing today!

Investor Tools

Property Icon
$194,000
Estimated Property Value
$151,785Estimated Mortgage Balance
$42,215Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,349 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,099
$188,470
2025
$56,590
$131,880
$188,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,099
$188,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mason Miller Etal
Stand Alone Second / Subordinate Position
$159,000
No
First
Oct 13, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,785
$42,215
21%
78%
$954/mo

Learn About the Market: Opportunity in Texas

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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: San Marcos

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402 N Fredericksburg ST 7 | Property Details | No Agent List