828 Highway 71 E, Bastrop TX 78602

Bastrop, TX 78602 | Synergy Centre

Ed's Opinion of Value

$412,415 Ed's Estimate: $626,849 $640,000
Lowest Comp Recommended List: $614,000 to $639,000 Highest Comp

Listing History

$3,990,000 List Price
$486,718 Comp Value
1 Price Reductions

This property was listed at $3,990,000 and expired after 91 days on market. The price was reduced from $4,000,000 to $3,990,000. This listing activity factors into the valuation.

Taking into account 7 nearby comparable sales, this property's estimated value comes to $626,849. If we were to list this property today, I'd recommend a list price in the $614,000 to $639,000 range. This would position the home competitively among 7 active listings in SYNERGY CENTRE. Being built in 1995 (13 years older than comps) is factored into the value estimate. Lot size matters here: 5.33 acres versus 1.95 for the typical comp. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus
0 Beds
0 Baths 2 Full
2,410 Sq Ft
5.331 Acres
1995 Built

About This Property

SELLER WILL CONSIDER ALL OFFERS!!! Seller will finance $1M at 10% interest for 5 years with a full price offer. SELLER WILL ACCEPT $3.5M WITH A QUICK CLOSING! Welcome to this incredible investment opportunity! Located on 5.33 acres, this property offers a unique blend of an RV park, mobile home park, and a huge brick house turned into a six plex. Located right on Highway 71, it enjoys excellent visibility and accessibility for potential tenants and visitors. Situated just outside the city limits but within the Extraterritorial Jurisdiction (ETJ), this property offers a perfect balance between tranquility and convenience. The thriving city of Bastrop, with its growing development and amenities, is just down the road away, ensuring that residents can enjoy the best of both worlds. One of the highlights of this property is the inclusion of 10 permanently attached mobile homes, 12 RVs included, with only one currently tenant-owned, and the six-plex, providing a steady stream of rental income, ranging from $400 to $1695 a month. With taxes and insurance amounting to a reasonable $4,075, this property presents a financially attractive opportunity. The tenants are responsible for paying their own utilities, reducing the burden on the owner and ensuring a consistent cash flow. The property boasts engineered septics, ensuring efficient waste management and reducing maintenance costs. Detailed documents regarding the septic systems are available for review. The maintained grounds of this property further enhance its appeal. Whether you're an experienced real estate investor or seeking a new venture, this property provides an ideal opportunity. Don't miss out on this unique chance to own a profitable and versatile real estate gem. You may drive by to view the location of the property but please do not disturb tenants. Private showings available by appointment.

Location

Schools

School District Bastrop ISD
Elementary Emile
Middle School Bastrop
High School Bastrop

Property Details

Property Type Commercial Sale
Flooring See Remarks
Cooling Other
Heating See Remarks
County Bastrop
MLS # 8583488

Tax Information

Annual Taxes $13,133 (2023)

Listing History

MLS# 1918625 29 days
Oct 4, 2023 Off Market
Sep 5, 2023 Listed $3,990,000

Frequently Asked Questions About 828 Highway 71 E, Bastrop TX 78602

When was 828 Highway 71 E, Bastrop TX 78602 built?

828 Highway 71 E, Bastrop TX 78602 was built in 1995.

How much does 828 Highway 71 E, Bastrop TX 78602 cost?

828 Highway 71 E, Bastrop TX 78602 is currently off market.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.