ActiveResidential · sale

138 Forest

Bastrop, TX 78602

$379,000

  • 4 beds
  • 4 baths
  • 2,435 sq ft
  • 2.07 acres
  • Built 1996

Listed by All City Real Estate Ltd. Co · MLS #ACT4491521

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Situated on approximately 2.07 fully fenced acres beneath towering pine and oak trees, the property includes main home plus a separate two-bedroom guest house, detached living quarters creating options for multigenerational living, guests, a home office or additional private space.

Living spaces

The main home has a warm, one-of-a-kind character with an open living area, granite countertops, natural wood accents, a wood-burning stove and covered outdoor space.

Year built

Built in 1996.

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

THE PROPERTY

Get to know the property.

138 Forest Ln offers a rare combination of acreage, privacy, flexibility and convenience just minutes from the heart of Bastrop. Situated on approximately 2.07 fully fenced acres beneath towering pine and oak trees, the property includes main home plus a separate two-bedroom guest house, detached living quarters creating options for multigenerational living, guests, a home office or additional private space. The main home has a warm, one-of-a-kind character with an open living area, granite countertops, natural wood accents, a wood-burning stove and covered outdoor space.

Outside is where this property really separates itself. Multiple small barns and secure fenced enclosures are already in place for poultry, dogs or small livestock, with additional storage throughout the property. A large two-car garage, additional covered parking, RV accommodations and a circular driveway provide plenty of room for vehicles, equipment and recreational toys. The property is fully fenced with an additional large fenced yard directly off the main house, while mature trees provide shade and a sense of privacy throughout. A large seasonal pond adds to the setting and a high-producing water well has been tested and is ready for a pump to be installed.

All of this comes with a location that feels tucked away without being remote. H-E-B, Walmart, Buc-ee’s, restaurants, shopping and Highway 71 are only minutes away, giving you the space and versatility of a small acreage property without giving up everyday convenience. Whether you are looking for room for extended family, animals, hobbies, equipment or simply more breathing room, 138 Forest Ln is a property with possibilities that are increasingly difficult to find this close to Bastrop.

THE NEIGHBORHOOD

Explore the location.

138 Forest, Bastrop, TX 78602

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1996
Full baths
4
Half baths
0
Garage spaces
2
Cooling
Ductless, Multi Units
Heating
Ductless, Wood Stove
Appliances
Free-Standing Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
Flooring
Laminate, Tile, Wood
Fencing
Full, Wire
Accessibility
None
Pool features
None
Subdivision
Lost Pines Dev
Parcel
R41458
Elementary school
Emile
Middle school
Bastrop
High school
Bastrop

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$1,579.17
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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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 & interestLoan 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

See its potential.
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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138 Forest, Bastrop, TX 78602 · MLS #ACT4491521

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Listing information

MLS #ACT4491521 · Austin Board of Realtors

Listing brokerage: All City Real Estate Ltd. Co
Listing agent: Kreshnik Shehu

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