Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$258,800

517 W Martin Luther King Drive, San Marcos, TX, 78666

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths720 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$359.44 / sqft

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesDryer, Gas Range, Refrigerator, Washer, Microwave, Range
FlooringTile, Wood

Exterior

Exterior FeaturesDeck, Private Yard
Lot Size3,746 sqft

Building Information

Stories1
Roof Type105

Land Information

APNR24639
Lot Number1
SubdivisionD S Combs Addition
Land UseResidential
Legal DescriptionD S COMBS ADDITION, BLOCK 5, LOT NW 1 & E PT OF 2, ACRES 0.086 (158.33X45) TAX CODES:SSM,WEU,WUS
Census Tract010500
Assessed Land Value$30,550
Assessed Improvement Value$155,032
Assessment Year2025

About this property

Ideally situated just minutes from Texas State University, this charming 2-bedroom, 1-bath home offers the perfect blend of convenience, character, and lifestyle. Enjoy easy access to campus, Downtown San Marcos, local restaurants, coffee shops, shopping, and entertainment. Popular destinations including Industry, Mochas & Javas, Cafe Cortado, and the vibrant Downtown Square are all just moments away. Inside, you'll find hardwood floors and an open-concept kitchen featuring a center island, creating a functional and inviting space for everyday living. Step outside to a spacious 12' x 10' back deck, complete with a privacy fence—perfect for relaxing, entertaining, or enjoying the peaceful surroundings. The property is shaded by mature trees soaring over 20 feet tall, providing exceptional natural beauty and welcome relief during the Texas summer months. With quick access to IH-35, nearby recreation along the San Marcos River, and strong owner-occupant or rental appeal, this home is an excellent opportunity in one of San Marcos' most convenient locations.

Investor Tools

$188,053Estimated Mortgage Balance
$10,947Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,553 /month
Positive
Cash Flow Estimate:
$518 /month

Interested in this property?

Chris Torrey

Elite Realty Advisors

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$425/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,104
$185,582
2025
$30,550
$155,032
$185,582
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,104
$185,582

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Na
Commercial
$199,000
No
First
May 26, 2023
Dec 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,053
$10,947
5%
94%
$1,194/mo

City: San Marcos

517 W Martin Luther King Drive | Property Details | No Agent List