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$320,000

620 E Fm 243, Bertram, TX, 78605

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,014 Sq Ft
price_per_sqft$158.89 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
AppliancesDishwasher, Free Standing Electric Oven, Free Standing Electric Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size16,553 sqft

Building Information

Year Built2008

Land Information

APN32689
SubdivisionNew Addition
Land UseResidential
Legal DescriptionS6600 NEW ADDITION LOT PT OF B (S&E S 5'/VOL 99/662) BLK 32
Census Tract960101
Assessed Land Value$32,112
Assessed Improvement Value$380,142
Assessment Year2025

About this property

Rare Bertram property with guest house, income potential, and nearly 1/2 acre of space. This well-maintained property offers a 3-bedroom, 2-bath main home plus a separate 1-bedroom, 1-bath guest house - perfect for multigenerational living, extended family, guests, or rental income. Prior gross rents were approximately $2,400+, creating a strong opportunity for buyers seeking flexibility and value. Recent improvements include a new roof, new perimeter fence, and a new shed. Separate electric meters add convenience, while the spacious lot provides room to spread out and enjoy the setting. Located near Highway 183 in charming Bertram, this property combines practical versatility with Texas Hill Country appeal, close to local shops, restaurants, coffee spots, and the strong sense of community that makes this area so desirable.

Investor Tools

$190,343Estimated Mortgage Balance
$193,788Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,303 /month
Positive
Cash Flow Estimate:
$768 /month

Interested in this property?

Vince Burgess

Keller Williams Realty Lone St

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$607/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,360
$383,787
2025
$32,112
$380,142
$412,254
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,360
$383,787

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$205,000
No
First
Jul 29, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,343
$193,444
50%
50%
$1,230/mo

City: Bertram

620 E Fm 243 | Property Details | No Agent List