2659 County Road 405, Lexington TX 78947

Lexington, TX 78947 | No

Ed's Opinion of Value

$186,180 Ed's Estimate: $429,498 $615,131
Lowest Comp Recommended List: $464,000 to $525,000 Highest Comp
After reviewing 7 recent transactions in NO, I estimate this property's value at $429,498. A competitive list price for this home right now would fall in the $464,000 to $525,000 range. This would position the home competitively among 0 active listings in NO. This home's larger footprint (490 sqft vs the comp average) plays a role in how the market prices it. The larger lot (16.33 acres versus the area average of 2.09) contributes to the valuation. Prices in NO have fallen 41.3% over the last 6 months. A similar home at 6009 County Road 326, Lexington TX 78947 carries an adjusted comparable value of $615,131, providing a strong data point. With 7 comparable sales in NO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
3 Beds
3 Baths 2 Full, 1 Half
2,530 Sq Ft
16.331 Acres
1997 Built
2 Garage

About This Property

Just an hours commute from Austin and 30 minutes from Taylor and Elgin!
There's a lot to like about this place just a few miles outside of town and at the bend in the road on quiet, CR 405! 16.31 Ag-exempt acres, partially fenced for cattle with a beautiful 11 acre hay field out front, an existing water well for irrigation and plenty of room for a barn and livestock to make the perfect Gentleman's Ranch. This property also features a beautiful oak-shaded 3/2 - 2,540 sqft. custom-built,
Austin Stone home with attached two-car carport w/188 sqft. guest quarters above it and the cutest 729 sqft. thriving Airbnb beside it! The updated modern-farmhouse has an open-concept kitchen, a living and dining area that opens onto a covered patio and deck for added outdoor living, dining and entertaining space. The Primary Bedroom and Ensuite Bath are secluded on the North end of the house,
2 bedrooms (one a new addition with a loft) and a shared Jack and Jill bath on the other. The mud/laundry room has a guest/half bath. Start your morning enjoying the landscaped and fenced front yard with lovely, country views from the side patio while sipping a cup of coffee and watching the sunrise or after a long day, take in the equally beautiful backyard views while you soak in the hot tub on the back deck and watch the sunset with steaks on the grill and a fire in the outdoor fireplace. The covered, 2-car carport has guest quarters built above it as an added perk and a converted garage/workshop is currently used as a successful Airbnb, but could just as easily function as a second home/MIL apartment or a rental property for extra income! One side of the converted garage is used for storage/parking/gym and the other side is 729 sqft. of open-concept living, kitchen and dining with a bedroom, bath and a covered porch that's just right for a pair of rocking chairs!
All three structures have CR 405 frontage on two sides, share utilities/water. Property has Seller-Imposed restrictions.

Features

  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Cathedral Ceiling(s)
  • Chandelier
  • Double Vanity
  • Electric Dryer Hookup
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Storage
  • Walk-In Closet(s)

Location

Schools

School District Lexington ISD
Elementary Lexington
Middle School Lexington
High School Lexington

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Ceiling Fan(s), Central Air, Electric
Heating Ceiling, Central, Electric, Fireplace Insert, Fireplace(s), Propane
Exterior Barbecue, Exterior Steps, Lighting, Satellite Dish Leased
County Lee
MLS # 4224666
Garage 2 spaces

Listing History

MLS# 4224666 72 days (71 CDOM)
Aug 18, 2022 Off Market
Jun 18, 2022 Price Change $935,000
May 4, 2022 Listed $985,000

Frequently Asked Questions About 2659 County Road 405, Lexington TX 78947

When was 2659 County Road 405, Lexington TX 78947 built?

2659 County Road 405, Lexington TX 78947 was built in 1997.

How much does 2659 County Road 405, Lexington TX 78947 cost?

2659 County Road 405, Lexington TX 78947 sold on August 18, 2022. Contact us for sale price details.

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