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$355,000

NAL Estimated Property Value

507 Elm St, Bastrop, TX, 78602

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,867 Sq Ft
price_per_sqft$0.91 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesFree-Standing Range, Refrigerator
FlooringCarpet, Concrete

Exterior

Exterior FeaturesPrivate Yard, RV Hookup
Lot Size26,615 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR28063
Lot Number3
SubdivisionFarm Lot
Land UseResidential
Legal DescriptionFARM LOT 3 W M ST, ACRES 0.611
Census Tract950401
Assessed Land Value$122,164
Assessed Improvement Value$142,035
Assessment Year2025

About this property

Great location, walking/biking distance to food/entertainment/park. This house provides a spacious layout. The backyard is breathtakingly great for entertaining friends and family. Relaxing with a fire pit and cup of coffee on chilly nights. Great for pets to run around. Large storage shed in backyard for woodworking/hobbies/crafting/storing equipment additional storage tons of possibilities. Charming floor plan 3/2 converted garage space and additional craft/office/flex room.FEMA - Unknown

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$582/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,205
$264,199
2025
$122,164
$142,035
$264,199
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,205
$264,199

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Bastrop
Arm (Adjustable Rate Mortgage)
$170,000
No
First
Oct 24, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,443
$225,557
59%
43%
$970/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$970/mo
+$1,118/mo
7.1%

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.

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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: Bastrop

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