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$408,199

NAL Estimated Property Value

601 N Rhomberg St, Burnet, TX, 78611

$442,565 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,857 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.51 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDryer, Dishwasher, Electric Cooktop, Electric Water Heater, Other, Oven, Refrigerator, Washer, Cooktop
FlooringCarpet, Ceramic Tile

Exterior

Lot Size1.24 acres

Building Information

Year Built1969
Garage Spaces4

Land Information

APN15088
Lot Number1
SubdivisionGardner Estates
Land UseResidential
Legal DescriptionS4650 GARDNER ESTATES LOT 1 & .556 AC J HAMILTON AB 405 RR ROW (.303+.253 AC BLK 1
Census Tract960302
Assessed Land Value$96,161
Assessed Improvement Value$312,038
Assessment Year2025

About this property

Don't miss the opportunity to own a piece of Burnet history. This spacious home on over an acre of land is ideally located to be close to everything. All of the Burnet schools are just minutes away. HEB, restaurants and coffee shops are between 5 and 10 minutes, depending on the morning and after school traffic. In approximately 5 minutes you can hop on either Hwy 29 or Hwy 281 and head to work or more dining and shopping. The huge yard gives you all sorts of rooms for parties, cookouts or even putting in a pool and still having an extra acre. (Check with the City of Burnet on the possibility of dividing the lots and selling one) This once stately family home needs some TLC to bring it back to it's glory, but with 3 living spaces, 3 bedrooms and 3 bathrooms the possibilities are endless. This is a family estate that has just been cleaned out, so be ready for the large rooms and outdoor spaces to WOW you!!

Investor Tools

Property Icon
$408,199
Estimated Property Value
$217,187Estimated Mortgage Balance
$191,012Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$442,565
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,157
$408,199
2025
$96,161
$312,038
$408,199
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,157
$408,199

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$217,500
Yes
First
Apr 30, 2026
May 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,187
$191,012
46%
53%
$1,305/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: Burnet

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601 N Rhomberg St | Property Details | No Agent List