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$365,000

616 Lay Rd, Lockhart, TX, 78644

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,281 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$284.93 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesGas Range, Propane Water Heater, Refrigerator, Water Heater, Some Gas Appliances, Range
FlooringCarpet, Concrete, Vinyl

Exterior

Exterior FeaturesPorch, Patio, Private Yard, Storage, Propane Tank Owned
Lot Size3 acres

Building Information

Year Built1938
Stories1
Garage Spaces2

Land Information

APN0200009-260-000-00
SubdivisionGeorge, James
Land UseResidential
Legal DescriptionA009 GEORGE, JAMES, ACRES 3.0
Census Tract960200
Assessment Year2025

About this property

RARE 3-ACRE PROPERTY ON THE EDGE OF LOCKHART! Enjoy the feel of country living while staying close to everything Lockhart has to offer! Conveniently located near the new Seawillow Middle School, currently under construction, this property combines location, acreage, and character in one unique package. Outside of the City Limits, but inside the ETJ. Built in 1938, this well-maintained wood-frame home features 3 bedrooms, 2 full baths, two dining areas, a spacious primary suite, and plenty of storage throughout. Updated windows were installed in 2018, and the roof was replaced in 2020. The home has been lovingly cared for and provides a wonderful opportunity to add your own modern updates while preserving its classic character. The manicured yard surrounding the home creates an inviting setting, and a storage shed in the backyard provides additional space for tools and equipment. The property is served by an Aqua Water meter and Bluebonnet Electric, and also includes a private water well. Toward the back of the acreage is a pond that is currently dry. Properties with this much land this close to Lockhart don’t come along often. Whether you’re looking for additional space, a country setting, or simply room to make the property your own, this one is worth a look. Schedule your private showing today!

Investor Tools

$0Estimated Mortgage Balance
$406,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

Interested in this property?

Patrick Davis

Link Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$245/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$912
$208,547
2025
N/A
N/A
$300,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$912
$208,547

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$406,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
N/A
+$2,088/mo
6.2%

City: Lockhart