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
Street View of property
Street View
A
NoAgentList RatingHow are grades calculated? Info

$452,000

588 Bob Moritz Dr, Fredericksburg, TX, 78624

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,322 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$566.57 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size10,890 sqft

Building Information

Year Built1967
Roof Type115
Garage Spaces4

Land Information

APN29183
SubdivisionG E Co #348
Land UseResidential
Legal DescriptionG E CO #348 0.25, -RENT HOUSE- -RENT HOUSE-
Census Tract950301
Assessed Land Value$20,120
Assessed Improvement Value$227,680
Assessment Year2025

About this property

Two Charming Homes on 2 Acres – Less Than 5 Minutes to Downtown Fredericksburg. Discover a rare opportunity to own two beautiful homes on a spacious 2-acre property just minutes from the heart of Fredericksburg. Perfectly situated for those who want the peacefulness of country living without sacrificing convenience, this property offers endless possibilities—multi-generational living, short-term rental income, or a private guest retreat. Outdoors, you’ll find room to roam, shaded areas under mature trees, and plenty of space for gardens, entertaining, or simply enjoying the fresh Texas air. With its close proximity to Fredericksburg’s renowned wineries, restaurants, and shops, this property blends convenience with privacy in the heart of the Hill Country. Your Hill Country dream is waiting—don’t miss this unique find!

Investor Tools

Property Icon
$452,000
Estimated Property Value
$405,000Estimated Mortgage Balance
$213,667Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,494 /month
Positive
Cash Flow Estimate:
$1,498 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$412/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,684
$247,800
2025
$20,120
$227,680
$247,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,684
$247,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Metlife Home Loans
Reverse Mortgage / Hecm
$405,000
No
First
Aug 3, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,333
$213,667
47%
53%
$2,429/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Fredericksburg

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

588 Bob Moritz Dr | Property Details | No Agent List