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A+
NoAgentList RatingHow are grades calculated? Info

$338,000

497 W Austin St, Giddings, TX, 78942

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,798 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$59.33 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Range, Electric Water Heater, Water Heater
FlooringCeramic Tile, Laminate

Exterior

Lot Size15,002 sqft

Building Information

Year Built1940
Garage Spaces2

Land Information

APN16260
Lot Number4,5
Land UseResidential
Legal DescriptionOT GIDDINGS, BLOCK 14, LOT 4 & 5
Census Tract000400
Assessed Land Value$146,100
Assessed Improvement Value$182,450
Assessment Year2025

About this property

Prime Hwy 290 Frontage | 2 Home Investment Opportunity Exceptional 1/3 acre property featuring two separate homes plus a detached garage. Ideal for investors, small business owners, or anyone seeking strong income potential. Located directly on Hwy 290 with excellent visibility and access, this property offers flexible use for residential, commercial, or mixed-use purposes. The main home includes 3 bedrooms, 1 bath, and a bonus room. The secondary structure is approximately 700 sq. ft. with 2 bedrooms and 1 bath. This would be perfect for additional rental income or an office conversion. The square footage listed on MLS reflects only the primary home. Both structures need TLC, including roof and foundation repairs, but the location and layout create tremendous upside for renovation, redevelopment, or long-term holding. A rare chance to own prime frontage in one of the area’s fastest-growing corridors.

Investor Tools

Property Icon
$338,000
Estimated Property Value
$70,000Estimated Mortgage Balance
$307,499Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$659/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,213
$328,550
2025
$146,100
$182,450
$328,550
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$6,213
$328,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rosa Maria Florcs
Unknown
$70,000
No
First
Jun 22, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$30,501
$298,049
90%
9%
$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.

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: Giddings

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497 W Austin St | Property Details | No Agent List