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$457,000

NAL Estimated Property Value

815 Council St, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,170 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.85 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available

Building Information

Year Built1969
Garage Spaces2

Land Information

APN10288
Lot Number27
SubdivisionCouncil Creek
Land UseResidential
Legal DescriptionS3850 COUNCIL CREEK LOT 27 BLK 1
Census Tract960401
Assessed Land Value$82,500
Assessed Improvement Value$200,315
Assessment Year2025

About this property

Great buy on Lake Buchanan. Fixer upper home with with great upside potential. 3 bedrooms, 2 baths, being sold "as is" by family of original owner. Built in 1960's with second floor guest rooms and 2nd full bath added somethim after that. Garage is currently used as workshop. Renovate, update, and make it your own or flip for profit. Great location in Council Creek with low POA fees.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$457,000
Estimated Property Value
$111,045Estimated Mortgage Balance
$346,172Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,742 /month
Positive
Cash Flow Estimate:
$914 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$498/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,694
$282,815
2025
$82,500
$200,315
$282,815
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,694
$282,815

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$123,012
No
First
Mar 19, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,045
$318,955
74%
24%
$738/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Burnet

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815 Council St | Property Details | No Agent List