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$687,500

505 Chisum Trl, Burnet, TX, 78611

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,486 Sq Ft
price_per_sqft$462.65 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Oven, Microwave
FlooringTile, Vinyl

Exterior

Exterior FeaturesSee Remarks
Lot Size1.44 acres

Building Information

Year Built1972
Garage Spaces4

Land Information

APN41198
Lot Number19,30
SubdivisionSkyline Terrace
Land UseResidential
Legal DescriptionS7800 SKYLINE TERRACE LOT 19 & 30, UNIT 2 1.437
Census Tract960302
Assessed Land Value$17,527
Assessed Improvement Value$442,536
Assessment Year2025

About this property

HOME + NEARLY 9 ACRES + 9 ADDITIONAL LOTS — A RARE BURNET OPPORTUNITY! Looking for acreage, privacy and opportunity without giving up the convenience of town? 505 Chisum Trail offers a unique combination of an established 3-bedroom, 2-bath home and approximately 8.97 total acres in Burnet, Texas. The home offers 1,486 square feet of comfortable living space, a 2-car garage, metal roof, covered porches, fenced grounds and beautiful Hill Country views. The property provides plenty of room for a garden, workshop, or simply enjoying the privacy and open space that make Hill Country living so desirable. But the acreage is what truly sets this property apart. The home sits on approximately 1.44 acres, while an additional approximately 7.53 acres is divided into 9 separate lots ranging from approximately .67 to 1.16 acres. This creates an exceptional opportunity for a buyer looking for additional land, an investment property, future possibilities or simply the flexibility that comes with owning multiple parcels. Located within Burnet's ETJ and just minutes from town, the property offers the best of both worlds — a peaceful Hill Country setting with convenient access to Burnet amenities. Whether you're searching for a private homestead, room for your animals and hobbies, additional land to hold, or an opportunity to explore the potential of the additional parcels, 505 Chisum Trail deserves a closer look. Buyer to independently verify all information regarding zoning, restrictions, utilities, access, subdivision status, development potential and permitted uses of the additional parcels.

Investor Tools

$0Estimated Mortgage Balance
$327,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,125 /month
Positive
Cash Flow Estimate:
$1,375 /month

Interested in this property?

Paige Lewallen

Hanszen-Bailey Real Estate Ser

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$249,304
2025
$17,527
$442,536
$460,063
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$249,304

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$327,000
100%
0%
$0/mo

City: Burnet

505 Chisum Trl | Property Details | No Agent List