tomo logo

$640,000

Beds
4
Baths
2.0
sq ft
2,645

1002 Chestnut St, Bastrop, TX 78602

1002 Chestnut St

Bastrop, TX 78602

  • 143 days on market
    • Price drop $58,000↓
**PRICE IMPROVEMENT*** Take advantage of this new price for a prime investment property in the heart of downtown Bastrop. Great opportunity for investors or business owners looking to maximize rental income potential! INVESTOR'S DREAM IN HISTORIC DOWNTOWN BASTROP! Discover a rare opportunity to own a piece of history with this charming home, ideally located within walking distance to the vibrant heart of downtown Bastrop, Texas. Listed on the National Registry of Historic Places as the Dawson House, this stately residence exudes timeless charm and impeccable craftsmanship, from its ornate woodwork to elegant finishes. Zoned Core P5 and featuring 12 parking spaces, this property offers versatile use options. Property is fully leased with 4 commercial tenants, providing immediate cash flow from day one. This property uniquely blends residential comfort with significant income potential. Don't miss out on this prime investment opportunity in the heart of downtown Bastrop.

Details

Property type

Single Family Residence

Est. home value

$998,597

Lot size

0.232 acres

Price per sq ft

$242

Year built

1905

Annual property taxes

$12,930.15

HOA

No

Price History

11/12/2024
Austin

Austin #1031410

Price change
$640,000
-8.31%
07/25/2024
Austin

Austin #1031410

Price change
$698,000
-3.72%
07/02/2024
Austin

Austin #1031410

Listed
$725,000

Schools & Community

Elementary school: 

Mina

Middle school: 

Bastrop

High school: 

Bastrop

Community features: 

Sidewalks

High school district: 

Bastrop ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Roscoe State Bank

Loan start date

April 2022

Original loan amount

$318,000

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Not Provided

Seller

Buckshot Lane Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Austin
$625,000
4 bd
|
2.5 ba
|
2,282 sq ft
|
House

105 Pinecrest Dr, Bastrop, TX 78602

Austin
$615,000
4 bd
|
2.5 ba
|
2,499 sq ft
|
House

107 Onini Ct, Bastrop, TX 78602

Austin
$676,403
4 bd
|
3.5 ba
|
3,477 sq ft
|
House

117 Isaac White Dr, Bastrop, TX 78602

Status: Active

Tomo last checked: 11/23/2024 at 9:45 AM

Listing updated: 11/12/2024 at 12:56 PM

Listed by: Alisha Wilson, eXp Realty, LLC Phone #: (888) 519-7431

MLS: Austin #1031410

Austin logo

Recently listed in Bastrop

$375,000|3 bd|2.0 ba|House
$454,900|5 bd|3.5 ba|House
$529,000|3 bd|2.5 ba|House
$455,000|3 bd|2.0 ba|House
$393,590|4 bd|3.0 ba|House
$329,590|3 bd|2.5 ba|House
$346,590|3 bd|2.0 ba|House
$353,590|4 bd|2.0 ba|House
$299,590|3 bd|2.0 ba|House