tomo logo

$794,000

Beds
3
Baths
2.5
sq ft
2,798

18700 San Marcos Hwy, Martindale, TX 78655

18700 San Marcos Hwy

Martindale, TX 78655

  • 84 days on market
This extraordinary 4.89-acre property in Martindale, just outside of San Marcos, is perfect for investors, homesteaders, and those seeking a versatile, mixed-use development opportunity. With potential for residential, commercial, and agricultural projects, this property is a canvas ready for your vision. Property Highlights: Versatile Zoning: Mixed-Use Zoning: Ideal for a tiny homes community, producer's market, café, B&B, or multiple businesses. Multiple Dwellings: Main House: ±2,679 sq ft of living space, new appliances, and HVAC system. Two Smaller Homes: Renovated in 2019, including: 448 sq ft 1/1 guest house, previously an Airbnb. 260 sq ft bunkhouse renting for $600/month, providing income potential. Extensive Facilities: Workshop: 30x48 workshop for various projects. Horse Barn: 8 stalls, tack room, and 18x30 workshop attached. Gardener's Paradise: Established Trees: Pecan, black walnut, fig, and other fruit trees. Irrigation System: Multiple water sources for year-round gardening. Investment Potential: Subdivision Opportunities: Nearby Amenities: Close to San Marcos Outlets, local dining, and outdoor activities like Don’s Fish Camp What You'll Love: Community Development: Vibrant Community Potential: Ideal for rental booths, cafes, B&Bs, or a Martindale hitching hall venue, and hosting workshops or market days. tranquil Country Living: Experience rural peace with nearby city amenities, offering a unique lifestyle blend. This property is more than just a place to live; it's a unique opportunity to turn your dreams and ambitions into reality. Whether you're an investor searching for your next big project or a homesteader looking for a self-sustaining paradise, this property offers endless possibilities. Don't miss this chance to create something truly special!

Details

Property type

Single Family Residence

Est. home value

$729,085

Lot size

4.89 acres

Price per sq ft

$284

Year built

1972

Annual property taxes

$11,696

HOA

No

Price History

10/15/2024
CentralTexas

CentralTexas #553391

Listed
$794,000
09/25/2024
CentralTexas

CentralTexas #553391

Removed
09/16/2024
CentralTexas

CentralTexas #553391

Listed
$794,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

San Marcos Cisd

Negotiation Insights

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

Seller could get up to

$367,061
Asking price
$794,000
Closing costs (~8% of asking)
-$63,520
Est. remaining loan balance
-$363,419
Cash to seller
$367,061

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Success Mortgage Partners Inc

Loan start date

September 2016

Original loan amount

$441,750

Est. remaining balance

$363,419

Interest rate

3.45%

Loan type

VA, 30 year

Seller

Kory J Kraft and Jennifer M Kraft

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

Price drop
CentralTexas
$850,000
3 bd
|
3 ba
|
2,486 sq ft
|
House

81 Butler Ln, Martindale, TX 78655

Price drop
CentralTexas
$795,000
3 bd
|
2 ba
|
2,244 sq ft
|
House

708 River Rd, San Marcos, TX 78666

CentralTexas
$750,000
3 bd
|
2 ba
|
1,546 sq ft
|
House

6048 Camino Real, Maxwell, TX 78656

Status: Active

Tomo last checked: 11/05/2024 at 1:40 PM

Listing updated: 10/15/2024 at 12:54 AM

Listed by: Blake Wilder, Wilder Realty LLC Phone #: (512) 593-0013

MLS: CentralTexas #553391

CentralTexas logo

Recently listed in Martindale

$485,000|4 bd|3.0 ba|Manufactured
$367,000|3 bd|2.0 ba|House
$475,000|4 bd|2.0 ba|Manufactured
$459,000|4 bd|3.0 ba|House
$850,000|3 bd|3.0 ba|House