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$305,000

500 Lockwood St, San Marcos, TX, 78666

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,528 Sq Ft
price_per_sqft$199.61 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Stainless Steel Appliances
FlooringTile

Exterior

Exterior FeaturesNone

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR44432
Lot Number23
SubdivisionSunset Acres
Land UseResidential
Legal DescriptionSUNSET ACRES UNIT 3 SEC A LOT 23 BLK 16 GEO#90207842 TAX CODES:SSM,WEU,WUS,TSM1,THC1
Census Tract010401
Assessed Land Value$43,510
Assessed Improvement Value$227,680
Assessment Year2025

About this property

Charming, fully updated single-family home on a premium corner lot in San Marcos! This beautifully remodeled 3-bedroom, 2-bathroom residence sits prominently on a massive 0.24-acre corner parcel at the intersection of Lockwood St and Broadway St. Inside, the home offers 1,528 square feet of bright, open living space featuring extensive updates, modern flooring, fresh paint, and contemporary fixtures throughout. The kitchen is fully equipped with high-efficiency stainless steel appliances, a gas range, and ample cabinetry. The exterior boasts a spacious, tree-shaded yard perfect for entertaining, a 1-car attached garage, and a dedicated storage shed. With no HOA constraints and a highly desirable corner positioning that provides extra privacy and curb appeal, this property is perfectly located just minutes from downtown San Marcos, Texas State University, and local parks. It is an ideal choice for primary homeowners or savvy investors alike.

Investor Tools

$276,925Estimated Mortgage Balance
$31,998Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

Interested in this property?

Gudrun Tucker

Dash Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$610/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,787
$271,190
2025
$43,510
$227,680
$271,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,787
$271,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Broker Solutions Inc
Conventional
$293,550
No
First
Feb 27, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,925
$20,075
6%
90%
$1,760/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,760/mo
$-120/mo
6.4%

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: San Marcos

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