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$215,000

497 Cool Water Dr, Bastrop, TX, 78602

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,736 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$123.85 / sqft
Year BuiltBuilt in 2001

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDryer, Dishwasher, Exhaust Fan, Electric Oven, Electric Water Heater, Free Standing Electric Oven, Free Standing Electric Range, Microwave, Refrigerator, Range Hood, Washer
FlooringCarpet, Laminate, Vinyl

Exterior

Exterior FeaturesExterior Steps, Lighting
Lot Size17,729 sqft

Building Information

Year Built2001

Land Information

APNR82428
Lot Number2
SubdivisionCaprice Dotson Subdivision
Land UseResidential
Legal DescriptionCAPRICE DOTSON SUBDIVISION, LOT 2, ACRES 0.4070, (MH 30X56 S/N TXFL112A/B39081CG12, L/N RAD1324322/23)
Census Tract950505
Assessed Land Value$90,151
Assessed Improvement Value$89,380
Assessment Year2025

About this property

Welcome to 497 Cool Water Drive—a spacious 3-bedroom, 2-bath home situated on a large lot with plenty of room to enjoy the outdoors. Featuring two living areas, this home offers flexible space for entertaining, relaxing, or creating a home office or playroom. The property does need some manageable repairs, making it a great opportunity for someone ready to add their personal touch while still getting a good deal. With its generous layout and outdoor space, this home has plenty of potential to become something truly special.

Investor Tools

Property Icon
$192,000
Estimated Property Value
$58,537Estimated Mortgage Balance
$167,275Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

Interested in this property?

Amber Vargas

Stanberry REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$160/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$960
$179,531
2025
$90,151
$89,380
$179,531
No

Tax History

Year
Tax Paid
Assessed Value
2024
$960
$179,531

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Fha
$58,537
Yes
First
May 3, 2005
Jun 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,725
$167,275
87%
13%
$0/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.

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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: Bastrop

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497 Cool Water Dr | Property Details | No Agent List