ActiveResidential · sale

1196 Sherrill

Lexington, TX 78947

$449,000

  • 3 beds
  • 2 baths
  • 1,635 sq ft
  • 3 acres
  • Built 1986

Listed by Bexley Land & Cattle · MLS #ACT5531431

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1986.

Garage parking

2 garage spaces listed.

Property size

3 acres listed.

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

THE PROPERTY

Get to know the property.

Custom-built, 3/2 - 1,635 sqft. brick home on three acres, conveniently located a short drive from Austin, Elgin, Bastrop and Taylor in Blue Country Estates, in the small community of Blue,Texas.
Out in the country, with city conveniences nearby, this home is set on a thoughtfully-cleared corner lot that maximizes your outdoor living space with scatterings of huge, old-growth oaks providing plenty of shade and scenic views, thoroughly enjoyed from covered
front and back porches. The home features; spacious and bright rooms with natural-wood trim, wood paneling and
custom cabinetry throughout, an efficient Kitchen with a breakfast bar, tons of custom wood cabinetry for storage and recessed lighting,
an open Living/Dining area featuring a vaulted and beamed ceiling and a wood-burning stove on a brick hearth as a focal point that instantly adds warmth and ambience to the gathering space,
even when it’s not in use!
Bedrooms are bright with nice views from the windows, large closets with shelving and soft, gray carpeting and the Primary Bedroom features an En-suite bath and His/Hers walk-in closets with extra shelving for storage.
The large utility found right off of the Kitchen/Dining area, with a huge pantry and attached, neat-as-a-pin, two-car garage round out the home, and a metal storage building with large, garage-door opening, concrete flooring and lots of storage is an added bonus!
If you’re looking to get out of the city, but still want to be able to make a quick trip into town, this neat little property on Sherrill Lane could be exactly what you’re looking for!

THE NEIGHBORHOOD

Explore the location.

1196 Sherrill, Lexington, TX 78947

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1986
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air
Heating
Central, Wood Stove
Appliances
Built-In Electric Range, Dishwasher, Exhaust Fan, Microwave, Oven, Plumbed For Ice Maker
Flooring
Carpet, Linoleum, Tile
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Blue Country Estates
Parcel
24870
Elementary school
Lexington
Middle school
Lexington
High school
Lexington
Annual property tax
$4,252.63

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$1,870.83
Cap rate

Annual operating income:

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

Adjust assumptions
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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1196 Sherrill, Lexington, TX 78947 · MLS #ACT5531431

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Listing information

MLS #ACT5531431 · Austin Board of Realtors

Listing brokerage: Bexley Land & Cattle
Listing agent: MADI Bexley

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