505 Main ST, Smithville TX 78957

Smithville, TX 78957 | Burleson

Ed's Opinion of Value

$281,678 Ed's Estimate: $426,853 $1,750,000
Lowest Comp Recommended List: $418,000 to $435,000 Highest Comp

Listing History

$645,000 List Price
$417,764 Comp Value
1 Price Reductions

This property was listed at $645,000 and expired after 115 days on market. The price was reduced from $695,000 to $645,000. This listing activity factors into the valuation.

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $426,853. To generate strong buyer interest while maximizing value, I'd price this between $418,000 and $435,000. In the current BURLESON market with 1 similar homes available, this price represents below the only comparable home currently on the market. The 2,143 sqft size difference versus comparable sales is reflected in the adjusted values. The 1930 construction puts this home 17 years older than the comp average, a factor in the pricing. 7 comparable transactions in BURLESON support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
6 Beds
8 Baths 7 Full, 1 Half
3,800 Sq Ft
0.194 Acres
1930 Built
1 Garage

About This Property

Remodel started for B & B or large family. Must see to appreciate. Guest House in backyard is currently functional and rented with good revenue. This house was used as a B&B for many years and is undergoing a massive remodel adding bathrooms, closets and upgrading kitchen. The infrastructure (electrical, plumbing, & HVAC) has recent upgrade. Some spaces are currently being used as storage as other rooms are being remodeled. This property has huge potential for a large family home, a B& B, a dining location or retail or a combination of all. Being located on Main Street, you have good visibility. Located 42 miles from downtown Austin, via Hwy 71. Smithville, Tx is a popular film location. It is considered a suburb of Austin, with many commuting to Tesla, Austin-Bergstrom Airport and other industries being developed east of Austin. Enjoy with quaint country, small town feeling with easy access to Austin and Houston. Just 2 blocks from The Colorado River, dining, shopping, banking and museums. Owner might do some financing.

Features

  • Cathedral Ceiling(s)
  • Coffered Ceiling(s)
  • High Ceilings
  • Chandelier
  • Crown Molding
  • French Doors
  • Multiple Dining Areas
  • Multiple Living Areas
  • Natural Woodwork
  • Primary Bedroom on Main

Location

Schools

School District Smithville ISD
Elementary Brown Primary
Middle School Smithville
High School Smithville

Property Details

Property Type Residential
Flooring Wood
Cooling Central Air, Electric
Heating Central, Natural Gas
Exterior Balcony, Gutters Partial, Kennel
County Bastrop
MLS # 9942178

Parking

Garage 1 spaces

Tax Information

Annual Taxes $6,214 (2022)

Listing History

MLS# 9942178 115 days
Feb 11, 2023 Off Market
Jan 25, 2023 Price Change $645,000
Oct 19, 2022 Listed $795,000

Frequently Asked Questions About 505 Main ST, Smithville TX 78957

When was 505 Main ST, Smithville TX 78957 built?

505 Main ST, Smithville TX 78957 was built in 1930.

How much does 505 Main ST, Smithville TX 78957 cost?

505 Main ST, Smithville TX 78957 is currently off market.

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