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$390,640

501 N Main St, Burnet, TX, 78611

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,655 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$94.16 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Microwave, Free-Standing Range, Refrigerator, Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size16,501 sqft

Building Information

Year Built1946
Garage Spaces3

Land Information

APN42486
Lot Number1
SubdivisionStevens Addition
Land UseResidential
Legal DescriptionS8050 STEVENS ADDITION LOT 1, PT OF 2 BLK 1 .3788
Census Tract960302
Assessed Land Value$45,870
Assessed Improvement Value$380,551
Assessment Year2025

About this property

BACK ON THE MARKET and recently appraised for $20,000 over asking price! Charming, expertly renovated home with ample space on corner lot in the center of town. Owner has carefully and deliberately brought this classic home up-to-date without losing any of its charm or elegance. With 2655 square feet spread among 4 bedrooms and 2 baths along with open living area, bonus room and a large yard, you truly can have privacy and community space simultaneously. Electrical has been upgraded to 200 amp per city code. Come see this one!

Investor Tools

Property Icon
$390,640
Estimated Property Value
$240,562Estimated Mortgage Balance
$0Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,344 /month
Positive
Cash Flow Estimate:
$781 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,677
$390,640
2025
$45,870
$380,551
$426,421
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,677
$390,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$240,262
No
First
Dec 31, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$431,494
N/A
0%
110%
$2,884/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: Burnet

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501 N Main St | Property Details | No Agent List