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$750,000

480 Grandpa Rd, Lockhart, TX, 78644

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths4,561 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$164.44 / sqft
Year BuiltBuilt in 2023

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Free-Standing Electric Range, Stainless Steel Appliance(s)
FlooringCarpet, Concrete, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Entrance

Building Information

Year Built2022
Stories1

Land Information

APN0100063-123-000-0A
Land UseMobile Homes On Rural Land
Legal DescriptionMANUFACTURED HOME; _, 32X68, LABEL# NTA2104784 / NTA2104785 SN# 125000HA011333A / 125000HA011333B TITLE # MH00969298 32X68
Census Tract960103
Assessed Improvement Value$208,980
Assessment Year2025

About this property

Tucked away on 36.86 acres in Lockhart, Texas, this versatile multi-generational homestead property offers exceptional flexibility with over $250,000 in upgrades and four separate structures, making it ideal for homesteading, livestock, rental income, or a private rural retreat just outside of Austin. The property features a 2,061 sq ft manufactured home, only 2 years old, with 4 bedrooms and 2 bathrooms, along with a 40' x 20' covered outdoor kitchen designed for entertaining and everyday country living. A 1,200 sq ft workshop includes heating and cooling, foam insulation, a commercial sink, and a full bath, offering the perfect setup for a business, hobby space, or equipment storage. Additional living spaces include a 1940-built cabin with 1.5 bedrooms and a full bath, as well as a newer duplex with two units, each equipped with kitchen facilities, full bath, and washer and dryer connections, providing excellent potential for guest housing, rental income, or multi-family living. The land is thoughtfully improved with cross fencing for livestock, a corral, open pasture, mature trees, and a fishing pond, supporting a true Texas homestead lifestyle. Wildlife such as deer, dove, turkey, and hogs are commonly seen across the property. A quarter-mile crushed concrete road, multiple water outlets, and an 8-car carport add convenience and functionality. This rare acreage property combines privacy, infrastructure, and income potential in one unique offering in growing Lockhart, Texas.

Investor Tools

Property Icon
$438,000
Estimated Property Value
$0Estimated Mortgage Balance
$438,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Khani Zulu

Christie's Int'l Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$350/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,012
$200,992
2025
N/A
$208,980
$208,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,012
$200,992

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$438,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lockhart

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480 Grandpa Rd | Property Details | No Agent List