3997 Fm 535, Red Rock TX 78662

Red Rock, TX 78662 | Lentz, Jacob

Ed's Opinion of Value

$168,740 Ed's Estimate: $309,023 $465,688
Lowest Comp Recommended List: $303,000 to $315,000 Highest Comp

Listing History

$349,000 List Price
$297,417 Comp Value
1 Price Reductions

This property was listed at $349,000 and expired after 314 days on market. The price was reduced from $355,000 to $349,000. This listing activity factors into the valuation.

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $309,023. To generate strong buyer interest while maximizing value, I'd price this between $303,000 and $315,000. Among the similar homes currently available in LENTZ, JACOB, this price point stands out as competitive. The smaller floor plan (593 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1945 construction puts this home 19 years older than the comp average, a factor in the pricing. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group
3 Beds
2 Baths 2 Full
1,311 Sq Ft
1.447 Acres
1945 Built

About This Property

Incredible Investment Opportunity – Multi-Unit Property with 7.5% Cap Rate!

Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand.

Main Home – 912 sqft, market rent $1,500/month. Tiny Home – 399 sqft, currently renting for $1,100/month. RV Spot – $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities.

Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won’t last long. Don’t miss out – schedule a showing today!

Features

  • 2 Primary Suites

Location

Schools

School District Bastrop ISD
Elementary Red Rock
Middle School Cedar Creek
High School Cedar Creek

Property Details

Property Type Residential
Flooring Vinyl
Cooling Central Air
Heating Central
Exterior See Remarks
County Bastrop
MLS # 3806272

Tax Information

Annual Taxes $3,369 (2024)

Listing History

MLS# 5172085 92 days
Oct 27, 2025 Off Market
Jul 23, 2025 Listed $1,550

Frequently Asked Questions About 3997 Fm 535, Red Rock TX 78662

When was 3997 Fm 535, Red Rock TX 78662 built?

3997 Fm 535, Red Rock TX 78662 was built in 1945.

How much does 3997 Fm 535, Red Rock TX 78662 cost?

3997 Fm 535, Red Rock TX 78662 is currently off market.

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