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$556,000

NAL Estimated Property Value

6188 W State Highway 29, Burnet, TX, 78611

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,467 Sq Ft
price_per_sqft$92.02 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesFree-Standing Range
FlooringCarpet, Tile

Exterior

Lot Size4 acres

Building Information

Year Built1966
Garage Spaces2

Land Information

APN50723
SubdivisionAbsolom Gray
Land UseResidential
Legal DescriptionABS A0343 ABSOLOM GRAY, 4.0 ACRES
Census Tract960401
Assessed Land Value$204,550
Assessed Improvement Value$301,444
Assessment Year2025

About this property

Beautiful Hill Country acreage with little to no restrictions just minutes from Lake Buchanan. Two bedroom, two bathroom home with bonus room. Home needs full rehab but has tons of potential and a nicely laid out floor plan. Beautiful stand of oak trees in the front, detached workshop and carport just off the corner of the house. Bonus room would make a great sun room or art studio. Acreage to the west and north is mostly uncleared. Come make this your Hill Country dream!

Investor Tools

Property Icon
$556,000
Estimated Property Value
$273,806Estimated Mortgage Balance
$282,662Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,336 /month
Positive
Cash Flow Estimate:
$1,112 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$742/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,125
$505,994
2025
$204,550
$301,444
$505,994
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,125
$505,994

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tib Na
Conventional
$289,250
No
First
May 19, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,806
$292,194
51%
49%
$1,735/mo

City: Burnet

6188 W State Highway 29 | Property Details | No Agent List