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$184,390

NAL Estimated Property Value

609 Neches St, Lockhart, TX, 78644

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths926 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.04 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 15Bathrooms Full 15
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling

Exterior

Lot Size5,628 sqft

Building Information

Year Built1940
Stories1

Land Information

APN0300524-001-017-00
Lot Number17
SubdivisionEast Side
Land UseResidential
Legal DescriptionEAST SIDE, BLOCK 1, LOT 17
Census Tract960200
Assessed Land Value$82,960
Assessed Improvement Value$101,430
Assessment Year2025

About this property

Back on market due to an investor cash deal that fell through last minute! Motivated sellers! Just 25 minutes to Austin, Lockhart is the Barbeque capital of Texas! This beautifully restored corner lot home has a new floor, kitchen cabinets, toilet, tub, fresh paint inside and out, and is updated to look great! It has an office area/room, and a utility shed in the backyard as well. World famous, "Blacks Barbeque", downtown Lockhart, and HEB groceries are only a 10-minute walk from your front doorstep! The city park, complete with a skatepark is also only minutes away. Many things have been fixed and/or repaired. Please reach out to Charlie, the listing agent for a list of completed items. Mini-split AC units (2) & Wash/dryer, range & refrigerator included! Home is now vacant.

Investor Tools

Property Icon
$184,390
Estimated Property Value
$138,480Estimated Mortgage Balance
$46,129Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,167 /month
Positive
Cash Flow Estimate:
$389 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$159/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$983
$184,390
2025
$82,960
$101,430
$184,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$983
$184,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$142,500
No
First
Sep 30, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,480
$45,910
24%
75%
$855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$855/mo
+$771/mo
10.6%

City: Lockhart

609 Neches St | Property Details | No Agent List