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$385,000

754 Park Road, Lampasas, TX, 76550

$450,000 ARVInfo
On MarketInfo
Beds1 Beds
Baths1 Bath
Baths336 Sq Ft
price_per_sqft$1,145.83 / sqft

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
FlooringLaminate

Exterior

Exterior FeaturesFire Pit
Lot Size40.35 acres

Land Information

APN12836
Land UseAgriculture / Farming
Legal DescriptionACR: 40.35 ABST: 0602 SURV: THOMAS R STIFF LOCCD:108
Census Tract950100
Assessed Land Value$296,430
Assessed Improvement Value$3,570
Assessment Year2025

About this property

Located inside the gated Smith Ranch community on the western edge of Lampasas County, this 40.3-acre recreational and hunting property offers rugged Hill Country terrain, dense tree cover, and abundant wildlife. The land is heavily wooded with live oak, cedar, mesquite, and persimmon, creating excellent habitat for whitetail deer, hogs, turkey, aoudad, and other native game. The property includes a hunter’s cabin with bunk room, small kitchen/living area, full electrical service, fiber internet up to 1 GB, and rainwater collection for water. Owner updates include exterior paint, laminate flooring in the cabin and outhouse, interior walls in the cabin, and roof on the outhouse. Additional improvements include 4 hunting blinds, 3 wildlife feeders, 3 wildlife water tanks, fire pit, picnic area with lighting, and rough trails throughout the property. Smith Ranch landowners enjoy access to seven private common areas along the Colorado River, offering opportunities for fishing, swimming, and relaxing along the water—known for excellent catfish and bass fishing. No mandatory POA. Ideal for a private hunting retreat, weekend getaway, or recreational property in the Texas Hill Country.

Investor Tools

$55,953Estimated Mortgage Balance
$244,047Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$450,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

James Banks

Shipley Ranches LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,666
$300,000
2025
$296,430
$3,570
$300,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,666
$300,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Farm Credit, Flca
N/A
$96,000
N/A
First
Jun 18, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,953
$244,047
81%
19%
$0/mo

City: Lampasas

754 Park Road | Property Details | No Agent List