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$273,000

NAL Estimated Property Value

508 S Summer ST, Lampasas, TX, 76550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,824 Sq Ft
price_per_sqft$81.96 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDisposal, Free-Standing Range
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size35,893 sqft

Building Information

Garage Spaces2

Land Information

APN1613
Lot Number1-3
Land UseResidential
Legal DescriptionL S C 1ST BLOCK 1 - 70, BLOCK 82, LOT 1-3, ACRES 0.824
Census Tract950400
Assessed Land Value$75,340
Assessed Improvement Value$159,780
Assessment Year2025

About this property

Cozy 2 bedroom 2 bath ranch style home in quiet west Lampasas neighborhood.Beautiful hardwood floors in living room and both bedrooms.Both bedrooms are nice size with plenty of windows to bring in natural light. Recently updated galley style kitchen with granite counter tops with a quaint breakfast nook.Large den with large windows that look out over the back porch and back yard.Basement/storm cellar is accessed off of the den. One side of the garage has been partially enclosed that was used as an office.Restrictions: Yes

Investor Tools

Property Icon
$273,000
Estimated Property Value
$0Estimated Mortgage Balance
$273,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$485/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,456
$235,120
2025
$75,340
$159,780
$235,120
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,456
$235,120

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
100%
0%
$0/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.

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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: Lampasas

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508 S Summer ST | Property Details | No Agent List