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$340,000

NAL Estimated Property Value

508 S Main St, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,932 Sq Ft
price_per_sqft$66.77 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesOther
FlooringCarpet, Tile

Exterior

Lot Size10,820 sqft

Building Information

Year Built1920
Garage Spaces3

Land Information

APN44663
Lot NumberS
SubdivisionVandeveer/ Alexander
Land UseResidential
Legal DescriptionS8450 VANDEVEER/ ALEXANDER LOT S 1/2 OF 2 BLK 2
Census Tract960301
Assessed Land Value$32,457
Assessed Improvement Value$251,845
Assessment Year2025

About this property

Historical Home in an Old Burnet Neighborhood being sold "As Is" This home is a total fixer-upper needing lots of love and attention. It still retains much of it's original charm with the covered front porch and other architectural features. This one is not for the faint of heart, but the potential is enormous! Seller is having yard work done and dead trees removed.

Investor Tools

Property Icon
$340,000
Estimated Property Value
$187,389Estimated Mortgage Balance
$152,611Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$452/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,720
$242,016
2025
$32,457
$251,845
$284,302
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,720
$242,016

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loan Funder Llc
Building Or Construction Loan
$189,317
No
First
Oct 28, 2025
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,389
$152,611
44%
55%
$1,136/mo

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: Burnet

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508 S Main St | Property Details | No Agent List