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$250,000

Beds
2
Baths
1.0
sq ft
802

261 N Water St, La Grange, TX 78945

261 N Water St

La Grange, TX 78945

  • 10 days on market
Discover the timeless appeal of this 1930s Craftsman bungalow in the heart of La Grange, just steps from the historic Town Square. This 2-bed, 1-bath home blends vintage charm with modern updates—featuring hardwood floors, natural light, and a beautifully updated kitchen and bath. Currently a successful short-term rental managed by HOSTÎE Vacation Rentals, it’s fully turnkey with all furnishings and appliances included. Enjoy walkable access to dining, boutiques, coffee shops, and museums. Plus, it’s just 20 minutes from Round Top and close to local favorites like the Painted Churches. A rare investment or getaway opportunity!

Details

Property type

Single Family Residence

Est. home value

$184,066

Lot size

4,835 sq ft

Price per sq ft

$312

Year built

1930

Annual property taxes

$1,806

Price History

03/24/2025
Houston

Houston #48987922

Listed
$250,000
05/07/2021
Houston

Houston #62825303

Removed

Schools & Community

Elementary school: 

LA GRANGE ELEMENTARY SCHOOL

Middle school: 

LA GRANGE MIDDLE SCHOOL

High school: 

LA GRANGE HIGH SCHOOL

School district: 

La Grange

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

$127,459
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$102,541
Cash to seller
$127,459

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

Seller’s Loan History

Lender

Amplify Cu

Loan start date

May 2021

Original loan amount

$111,750

Est. remaining balance

$102,541

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Matthew J Gilbreath and Robin W Gilbreath

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?

Status: Active

Tomo last checked: 04/04/2025 at 5:05 AM

Listing updated: 03/25/2025 at 4:10 AM

Listed by: Lindsey Pleasant, Martha Turner Sotheby's International Realty Phone #: (713) 520-1981

MLS: Houston #48987922

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