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$289,000

451 Prairie Rd # 1505, Bandera, TX, 78003

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.75 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Oven, Range, Cooktop, Disposal
FlooringCarpet, Laminate

Exterior

Lot Size42,001 sqft

Building Information

Year Built2020
Stories1

Land Information

APN63703
Lot Number41
SubdivisionHoliday Villages Of Medina Laguna De Med
Land UseResidential
Legal DescriptionHOLIDAY VILLAGES OF MEDINA LAGUNA DE MEDINA SECTION G LOT 41; LABEL# NTA1952650 LABEL# NTA1952651 ACRES .9642
Census Tract000301
Assessed Land Value$95,340
Assessed Improvement Value$154,070
Assessment Year2025

About this property

Welcome to your 3/2, .96 acre, Rustic Country Retreat in the hill country of Bandera! This home is light and airy and offers quite a bit. The living room features large oversized windows and a beautiful ceiling fan that flows with the country charm. Your kitchen is ready to be the heart of the home with stunning wood counter tops, bright white custom cabinets, stainless steel appliances, smooth cooktop, classic white subway tile, large oversized window for lots of natural light and open shelving. Your dining room offers that Old World charm with graceful wood beams on ceiling. The master bedroom features graceful barn door with matching crown molding. The master bath offers a separate large stall shower and tub, double vanities, custom mirrors and is ready to be your own private retreat! Your secondary bedrooms offer space enough for everyone. The covered back patio is perfect for those coffee mornings or wine filled evenings. You have a 12x12 shed for yard supplies and tools. The location is wonderful with simply amazing views adn only minutes to downtown Bandera. Don't miss this opportunity to own this Texas Hill Country Gem!

Investor Tools

$192,251Estimated Mortgage Balance
$57,159Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

Interested in this property?

Dennis Heath

Option One Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
$95/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,535
$249,410
2025
$95,340
$154,070
$249,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,535
$249,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$201,055
No
First
Dec 5, 2023
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,251
$57,159
22%
77%
$1,206/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: Bandera

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451 Prairie Rd # 1505 | Property Details | No Agent List