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$215,000

NAL Estimated Property Value

505 S Summer St, Lampasas, TX, 76550

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,352 Sq Ft
price_per_sqft$160.87 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Cooktop, Oven, Refrigerator, Range Hood, Built In Oven
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesCovered Patio
Lot Size8,973 sqft

Building Information

Garage Spaces1

Land Information

APN2287
Land UseResidential
Legal DescriptionLOT: 7 BLK: 1 ADDN: PARK LOCCD:94
Census Tract950500
Assessed Land Value$18,840
Assessed Improvement Value$145,240
Assessment Year2025

About this property

Beautifully Updated & Full of Charm in the Heart of Lampasas! ? This one checks ALL the boxes. Completely updated from top to bottom, this home blends modern finishes with cozy character you’ll instantly fall in love with. The family room is the perfect place to unwind, featuring a wood-burning fireplace with a stunning cedar mantle—warm, inviting, and full of charm. The kitchen? Spacious, functional, and ready for it all—cooking, baking, hosting—with plenty of storage and a pantry to keep everything organized. Each bedroom offers natural light, ceiling fans, and generous closet space, making every room feel comfortable and move-in ready. Step outside and enjoy a large, tree-shaded backyard—ideal for relaxing evenings, BBQs, or just soaking in that Hill Country feel. Plus, a concrete slab for easy parking adds everyday convenience. Location perks that locals LOVE: • Minutes from the Lampasas Golf Course • Close to local hospitals & everyday essentials • Easy access to hunting, fishing, and outdoor recreation • Small-town charm with everything you need nearby Whether you’re looking for your first home, a weekend getaway, or a place to settle into the Hill Country lifestyle—this is the ONE. Don’t wait—homes like this don’t last long. Let’s get you in for a showing! Interior Upgrades • Popcorn ceilings removed • All new interior doors • New ceiling fans and updated light fixtures throughout • Fresh interior paint in every room • Refinished and painted kitchen cabinets with brand-new hardware • New refrigerator added to the kitchen • All new window blinds installed • All electrical switches and outlets updated Bathroom Enhancements • New bathroom tile installed • New bathroom sink and faucet • New toilet installation • Updated bathtub fixtures Exterior Improvements • Fresh exterior paint • New porch light installed

Investor Tools

Property Icon
$215,000
Estimated Property Value
$183,138Estimated Mortgage Balance
$31,862Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,305 /month
Positive
Cash Flow Estimate:
$435 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$349/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,110
$164,080
2025
$18,840
$145,240
$164,080
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,110
$164,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Fha
$176,739
Yes
First
Sep 19, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,138
$31,862
14%
85%
$1,113/mo

City: Lampasas

505 S Summer St | Property Details | No Agent List