Last 24 Hours
$340,000
NAL Estimated Property Value508 S Main St, Burnet, TX, 78611
Off Market
3 Beds
2 Bath
1,932 Sq Ft
$66.77 / sqft
Built in 1920Property Lead Type:
BankruptcyDeal ListAbsentee OwnerHigh EquityVacant Homes
Highlights
Interior
Bedrooms 3
Bathrooms Full 3Bathrooms Half 1
Garage AvailableAppliancesOther
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
$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
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
12.4%