607 Magnolia ST, Bastrop TX 78602

Bastrop, TX 78602 | Magnolia Park

Ed's Opinion of Value

$184,694 Ed's Estimate: $208,150 $282,518
Lowest Comp Recommended List: $159,000 to $169,000 Highest Comp
My analysis of 7 comparable properties puts this home's estimated value at $208,150. Based on how the local market is moving, a list price between $159,000 and $169,000 would position this home well. This home's position in the current MAGNOLIA PARK market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The smaller floor plan (185 sqft compared to the average comp) is a meaningful differentiator in this price range. At 8 years older than typical comps, the 1976 build date influences the valuation. Buyers in MAGNOLIA PARK have 4 comparable options right now, with asking prices between $165,000 and $255,000. The 6 month price trend in 78602: risen 4.2%. The best comp here is 604 Magnolia ST, Bastrop TX 78602 at an adjusted value of $225,072, a strong comparable. The comp data here (7 sales in MAGNOLIA PARK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
2 Beds
1 Baths 1 Full
957 Sq Ft
0.193 Acres
1976 Built
1 Garage

About This Property

MULTIPLE OFFERS RECEIVED - OFFER DEADLINE 2/3/26 BY 6PM

Located just moments from the heart of historic downtown Bastrop, 607 Magnolia Street presents a rare opportunity to secure a strategically positioned property with long-term upside in one of Central Texas’ fastest-growing markets.

Set on a generous lot with no HOA, this property offers flexibility for a wide range of buyers — from owner-occupants seeking charm and convenience, to investors focused on appreciation, rental demand, and future redevelopment potential. Walkable proximity to downtown shops, dining, and community events enhances both lifestyle appeal and rental desirability, while easy access to Highway 71 keeps Austin within reach.

The home’s efficient footprint and lot configuration open the door to multiple value-add strategies: renovate and hold, reposition as a long-term rental, explore short-term rental potential (buyer to verify), or capitalize on the underlying land value as Bastrop continues its upward growth trajectory. Properties this close to downtown with no HOA restrictions are increasingly scarce — making this a compelling acquisition in today’s market.

Surrounded by ongoing development, rising demand, and Bastrop’s expanding reputation as a lifestyle and investment destination, 607 Magnolia St is more than a home — it’s a smart move in a market where location and flexibility drive returns.

Ideal for buyers seeking character, investors pursuing cash flow or appreciation, and anyone looking to secure a foothold in a high-growth Texas community.

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Quartz Counters
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Kitchen Island
  • No Interior Steps
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Storage
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Bastrop ISD
Elementary Mina
Middle School Bastrop
High School Bastrop

Property Details

Property Type Residential
Flooring Laminate, Tile
Cooling Ceiling Fan(s), Central Air
Heating Central
Exterior Garden, No Exterior Steps
County Bastrop
MLS # 1785422
Garage 1 spaces

Tax Information

Annual Taxes (MLS) $4,851 (2025)

Listing History

MLS# 1785422 9 days
Mar 5, 2026 Off Market
Mar 3, 2026 Pending
Jan 22, 2026 Listed $199,000

Frequently Asked Questions About 607 Magnolia ST, Bastrop TX 78602

When was 607 Magnolia ST, Bastrop TX 78602 built?

607 Magnolia ST, Bastrop TX 78602 was built in 1976.

How much does 607 Magnolia ST, Bastrop TX 78602 cost?

607 Magnolia ST, Bastrop TX 78602 sold on March 5, 2026. Contact us for sale price details.

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