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$570,000

601 S Chaparral, Burnet, TX, 78611

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,340 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.89 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Electric Oven, Cooktop, Dishwasher, Electric Cooktop, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Laminate, Linoleum, Tile

Exterior

Private PoolPrivate Pool
Lot Size35,366 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APN8167
Lot Number21,22
SubdivisionCassie
Land UseResidential
Legal DescriptionS3600 CASSIE LOT 21, 22, SEC 8
Census Tract960401
Assessed Land Value$12,379
Assessed Improvement Value$480,332
Assessment Year2025

About this property

BACK ON THE MARKET! Priced way below appraised tax value! Welcome to your dream home in the picturesque Cassie Subdivision! This 3-bedroom, 2-bath residence boasts over 2,500 square feet of living space. Situated on approx. .80 acres and a spacious corner lot, this home offers views of beautiful Lake Buchanan, with a little bit of updating this home could be made into your every day a tranquil retreat. As you step inside, you have a formal dining area and adjacent living area, adorned with large windows that look out to the amazing covered porch that runs almost the whole front of the house. The two generously sized bedrooms provide ample space for relaxation and privacy. The garage was converted in to the 3rd bedroom and has a full bathroom or can be used as additional living space at the other end of the house. The 3rd bedrom/second living space has a wood burning stove and its own entrance from the second driveway. New roof 2 years ago, would be an excelent investment property. The Hill Country offers so many things, not just boating and fishing. You are close to Spider Mountain bike trails, making it a haven for outdoor enthusiasts. Whether you enjoy biking, hiking, or simply taking in the natural beauty of the area, you'll find endless opportunities to explore the great outdoors.

Investor Tools

Property Icon
$570,000
Estimated Property Value
$308,750Estimated Mortgage Balance
$272,345Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$906
$492,711
2025
$12,379
$480,332
$492,711
No

Tax History

Year
Tax Paid
Assessed Value
2024
$906
$492,711

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Old National Bank
Conventional
$308,750
No
First
May 6, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,613
$194,098
39%
52%
$1,852/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 S Chaparral | Property Details | No Agent List