ActiveResidential · sale

1207 Loop 230

Smithville, TX 78957

$175,000

  • 1 beds
  • 2 baths
  • 1,115 sq ft
  • 0.22 acres
  • Built 1997

Listed by eXp Realty, LLC · MLS #ACT6218432

1207 Loop 230, Smithville, TX 78957 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1997.

Property size

0.22 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Opportunity Knocks. Zoned "commercial". Smithville is a historic railroad town turned emerging growth market, that is also popular for tourism & small town outdoor recreation: fishing, paddling, and riverfront parks. It has proximity to SpaceX, The Boring Company, X(former Twitter HQ), which increases investor interest & rising land development. This Strategic Regional position benefits from being near Austin tech expansion, Tesla/Bastrop County industrial growth corridor and Hwy access to TX-71 & TX-95. You'll also recoginize it for its film exposure too (Hope Floats, Tree of Life, etc). You'll love 71 Bistro, Veterans Park, the Skateboard park, & more. You'll find it to be a tight-knit, pro-small business environment.
This strategically located property has 2 structures on Loop 230! The FRONT building is approx. 500sf, with right side parking. It has private meter, 1/2 bath and 2nd room with 2nd door to exterior. It has road frontage on one of the main through streets connecting with Hwy 71. The SECOND structure is approx 615sf, (it has been a hair salon, and has extra faucets. Possibilities: Needs min 700sf to live in? or get variance? Buyer to confirm. Call for details). The area on the photo's left side is a spacious walk-in closet and a separate storage area. This also has a separate electrical meter and utilities. Behind this is an alley area. Per the survey, it fronts to NE 3rd St Loop 230, with Whitehead Street on the right and an alley on the left. When you stand in front of the back building you look East over the vacant part of the .22acre lot, to Whitehead St. NE 3rd St is beside a hair salon,and also across street from Washeteria, nearby Apple Lumber and other business. This is seen as a "Growth Edge Market" (early-stage expansion area near a major metro). More photos to come. See VisitSmithvilleTX org for more great info. Call me to set up a showing!
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THE NEIGHBORHOOD

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1207 Loop 230, Smithville, TX 78957

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1997
Half baths
2
Garage spaces
0
Cooling
Central Air
Heating
Central
Appliances
None
Flooring
Linoleum
Fencing
Partial, Privacy
Accessibility
Visitor Bathroom
Subdivision
Byrne
Parcel
78740
Elementary school
Smithville
Middle school
Smithville
High school
Smithville
Annual property tax
$2,186.60

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$729.17
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1207 Loop 230, Smithville, TX 78957 · MLS #ACT6218432

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Listing information

MLS #ACT6218432 · Austin Board of Realtors

Listing brokerage: eXp Realty, LLC
Listing agent: Janette Friend-Harrington

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.