11219 N Highway 77, Lexington TX 78947

Lexington, TX 78947 | P. Prator

Ed's Opinion of Value

$322,834 Ed's Estimate: $410,346 $465,060
Lowest Comp Recommended List: $459,000 to $465,000 Highest Comp
Based on 3 closed sales in 78947, the data points to a value around $410,346 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $459,000 to $465,000. Relative to what's currently available in 78947, this home would be no active comparable homes on the market. The larger floor plan (1,334 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1985 (18 years older than comps) is factored into the value estimate. Market data shows 78947 prices risen 17.3% over the last half year. The closest comparable sale, 1158 W County Road 415, Lexington TX 78947 at an adjusted $322,834, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in 78947. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
2 Beds
2 Baths
3,600 Sq Ft
1.38 Acres
1985 Built

About This Property

Located midway between Round Rock and College Station lies this absolute perfect opportunity for anyone wanting a retail establishment/home in a relaxed rural location. With plenty of room to grow you’ll never have to worry about paying a water bill as this 30’ x 60’ two story building is situated on 1.3 acres in the unincorporated community of Tanglewood and has a 720ft deep water well in the Carrizo-Wilcox aquifer. Originally built by an artist to be used as a studio and gallery with living quarters overhead, the building is full of unique features beginning with separate 200 amp electrical service for each floor. The 1440sq ft showroom has a 10ft ceiling with huge 6ft windows wrapping around the front for a panoramic view that allows plenty of exposure to passersby. A work of art in itself, the floor of the showroom is a commercial grade tiled Southwestern motif depicting a thunderbird that took months to complete. The remainder of the ground floor is comprised of a 12’ x 12’ office space, 6’ x 12’ bathroom and a 12’ x 12’ space complete with floor to ceiling pine cabinets and a sink. The possibilities are endless for use as an art space, antique shop, boutique or eatery, just let your imagination be your guide. Upstairs you’ll find a 2br 1ba 1800sq ft living space with solid yellow pine doors, custom cabinetry and woodwork throughout. Handmade trim and window casings made from the highest grade yellow pine compliment the cabinets built using both yellow pine and clear heart redwood. Yellow pine walls and an “old school” oak floor put the finishing touches on the huge living room and a 6’ x 20’ wall of glass allows the perfect elevated view of the back yard and beyond. A unique elevated 20’ x 24’ deck extends over the parking area in the back. Offered in its current condition, the reincarnation of this beautiful building might include replacing the siding and a few of the windows but the result would be exceedingly rewarding. Come see it today!

Location

Property Details

Property Type Residential
Flooring Carpet, Tile, Wood
Cooling Central Air, Electric
Heating Central, Electric
County Lee
MLS # 2509832

Listing History

MLS# 2509832 161 days
Jul 13, 2021 Off Market
Dec 1, 2020 Listed $200,000

Frequently Asked Questions About 11219 N Highway 77, Lexington TX 78947

When was 11219 N Highway 77, Lexington TX 78947 built?

11219 N Highway 77, Lexington TX 78947 was built in 1985.

How much does 11219 N Highway 77, Lexington TX 78947 cost?

11219 N Highway 77, Lexington TX 78947 sold on July 13, 2021. Contact us for sale price details.

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