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$750,000

480 Grandpa Rd, Lockhart, TX, 78644

PendingInfo
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

$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

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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

City: Lockhart

480 Grandpa Rd | Property Details | No Agent List