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$224,900

155 Michele Dr, Bastrop, TX, 78602

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,059 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.37 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dryer, Dishwasher, Exhaust Fan, Gas Cooktop, Gas Range, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
FlooringLaminate

Exterior

Exterior FeaturesGarden, Private Entrance, Private Yard
Lot Size1.25 acres

Building Information

Year Built1987
Stories1
Roof Type112

Land Information

APNR51379
Lot Number61
SubdivisionS7670 - Sanders Estates
Land UseResidential
Legal DescriptionSANDERS ESTATES, LOT 61, ACRES 1.2500
Census Tract950506
Assessed Land Value$118,906
Assessed Improvement Value$96,433
Assessment Year2025

About this property

The classic metal roof of this wood siding country home anchors an inviting and serene property in Bastrop. A covered front porch shaded by mature oak trees offers a welcoming entry to this one-story residence. The gravel driveway leads you through a wooded setting, establishing a peaceful atmosphere right from the start. An open floorplan connects the living area seamlessly to the kitchen, creating an airy and functional flow. This 2-bedroom, 1-bathroom home features a kitchen with tile flooring, built-in features, and a breakfast bar, alongside a gas range, gas cooktop, microwave, and dishwasher. Laminate flooring, recessed lighting, and ceiling fans complement the living space. Built-in features, a pedestal sink, and tile flooring are highlighted in the bathroom, while the dedicated inside laundry room is equipped with a washer and dryer. Outside, the private yard on 1.25 acres is surrounded by mature trees, offering a tranquil retreat with a garden, a deck, and storage sheds. The natural setting provides a quiet getaway while keeping you close to Lake Bastrop and downtown Bastrop shopping, restaurants, and entertainment.

Investor Tools

$22,084Estimated Mortgage Balance
$193,255Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,349 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Jonathan Eason

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$796
$215,339
2025
$118,906
$96,433
$215,339
No

Tax History

Year
Tax Paid
Assessed Value
2025
$796
$215,339

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Roger Neil Wasson
Seller Carryback / Seller Financing / Seller Take-Back
$37,000
No
First
Mar 26, 2010
Jun 2010

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$22,084
$193,255
89%
10%
$222/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$222/mo
+$1,404/mo
9.1%

City: Bastrop

155 Michele Dr | Property Details | No Agent List