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$350,000

Beds
5
Baths
2.0
sq ft
1,752

110 Lakewood Dr, Burnet, TX 78611

110 Lakewood Dr

Burnet, TX 78611

  • 91 days on market
Welcome to 110 Lakewood in Burnet, Texas—an inviting 5-bedroom, 2-bath home nestled in the heart of the scenic Highland Lakes region. This property is a perfect income-producing opportunity, currently generating around $3k-$4k monthly, or an ideal forever home for someone looking to settle down in a serene environment. This charming residence offers space and comfort, featuring both a cozy living room and a family room, perfect for relaxing or entertaining. The living room boasts a wood-burning fireplace, adding warmth and character, making it the ideal spot to gather during cooler evenings with family and friends. The home includes a dining room, providing a lovely space for family meals and special occasions, making every meal feel warm. In addition to the main house, the property includes a 2-bedroom Barndo with a garage on the bottom level, offering even more potential. The Barndo is already wired and ready for a quick conversion into an Airbnb, requiring minimal additional investment. With $80,000 already poured into it, this property presents an incredible deal for those looking for something turnkey ready. Sold fully equipped and ready to go, it’s perfect for anyone seeking a transition into property ownership or a lucrative rental business. The Barndo also offers flexibility, whether you choose to use it as additional guest accommodations, a home office, or even a creative studio space—the possibilities are endless. Situated just a stone’s throw from the shores of Buchanan Lake, this home’s prime location offers endless opportunities for outdoor activities, including fishing, boating, and enjoying stunning lake views. The nearby lake access makes it easy to embark on water adventures, while the surrounding beauty provides a picturesque backdrop for daily living. With breathtaking surroundings and modern amenities, don’t miss out on this rare find—whether as a peaceful retreat, a family home, or an investment property, this gem won't last!

Details

Property type

Single Family Residence

Est. home value

$247,320

Lot size

0.372 acres

Price per sq ft

$200

Year built

1970

Annual property taxes

$2,473

HOA

No

Price History

08/23/2024
Austin

Austin #7573714

Listed
$350,000

Schools & Community

Elementary school: 

Shady Grove

Middle school: 

Burnet (Burnet ISD)

High school: 

Burnet

Community features: 

None

High school district: 

Burnet 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

Kim Nguyen

Loan start date

February 2023

Original loan amount

$150,500

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Purchase Money Mortgage, 5 year

Seller

Aubrie Untermeyer

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?

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Status: Active

Tomo last checked: 11/22/2024 at 2:15 AM

Listing updated: 09/14/2024 at 3:05 PM

Listed by: Melanie Suber, eXp Realty, LLC Phone #: (888) 519-7431

MLS: Austin #7573714

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