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$500,000

290 Richmond St, McDade, TX, 78650

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,949 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$256.54 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling
AppliancesSee Remarks
FlooringConcrete

Exterior

Exterior FeaturesNone
Lot Size5.20 acres

Building Information

Year Built2006
Stories1
Roof Type112

Land Information

APNR10744
Lot Number2
SubdivisionS6820 - Mcdade City
Land UseResidential
Legal DescriptionMCDADE CITY, BLOCK 2D, LOT 2, ACRES 5.200
Census Tract950102
Assessed Land Value$27,008
Assessed Improvement Value$153,679
Assessment Year2025

About this property

Enjoy the freedom and flexibility of this unrestricted 5.2-acre property located in the peaceful community of McDade, Texas. Conveniently situated just 10 minutes from Elgin, 20 minutes from Bastrop and Giddings, less than two hours from Houston, and approximately 40 minutes from Austin-Bergstrom International Airport. Grocery stores, shopping, and medical facilities are readily available in Elgin, Bastrop, and Giddings. The property offers frontage on both Richmond Street and Brenham Street, providing convenient access and additional possibilities for use. The 1,949-square-foot home was constructed in 2006 and features 3 bedrooms and 2 bathrooms. The home is ready for a new owner's personal touch and offers good bones and an opportunity to make it your own. Adding to the property's versatility is a substantial 40' x 120' concrete slab with metal framing already in place. One end is plumbed for living quarters. The owner's original vision was to create an apartment for a family member, along with a workshop and garage. Whether you envision additional living space, a shop, storage, or a combination of uses, the possibilities are numerous. This is a great opportunity for someone looking for unrestricted acreage, room to spread out, and the flexibility to create a property that fits their needs. Need more elbow room? The adjoining 7 acres is available.

Investor Tools

$38,875Estimated Mortgage Balance
$429,125Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Michael Bacon

Texas Ranch Brokers LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$338/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,718
$180,687
2025
$27,008
$153,679
$290,710
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,718
$180,687

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hudler Joint Venture & Suzanne Barker
Unknown
$75,000
No
First
Dec 27, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$38,875
$429,125
91%
8%
$0/mo

City: McDade

290 Richmond St | Property Details | No Agent List