Caldwell County, Lockhart, TX 78644

LOCKHART TX THREE BEDROOM AT 210K WITH SAME STREET COMP AT 364K LOCKHART, TX 78644 - CALDWELL COUNTY 3 BED / 2 BATH - 1,978 SQFT - 2021 ROOF - $210,000 - ARV $360,000 The house across the street is identical and it sold for $364,420. 513 Mockingbird Ln. Three bedroom, two bath, single story, 1,978 square feet, built 2005. The subject is three bedroom, two bath, single story, 1,978 square feet. Not approximately. The same number. It closed on June 1, 2026 at $364,420. You are buying at $210,000. That is $106 a square foot going in against a street that pays $184. A $150,000 gross spread, on a house whose roof went on in 2021 and whose HVAC is from 2018. The seller discloses very minor foundation cracks. In Central Texas that is close to universal on slab construction and it is usually cosmetic, but it is the one item you must not take on faith. Put a structural engineer on it, not a general inspector. If it is what the seller says, you have a twenty-year-old house with newer roof, newer HVAC, and nothing major standing between you and the comp across the street. Closing November 18 or sooner. THE NUMBERS Asking Price: $210,000 ARV: $360,000 Gross spread at asking: $150,000 Price per sqft at asking: Approximately $106 ARV per sqft: Approximately $182 Comp average price per sqft: $183 Comp average sale price: $368,410 Comp-adjusted estimated value: $361,974 AVM: $346,952 Estimated market rent: $3,137 per month Living Area: 1,978 sqft Lot: 9,805 sqft No rehab estimate provided - bring your contractor and build your own PROPERTY SNAPSHOT Address: Lockhart, TX 78644 County: Caldwell Beds / Baths: 3 Bed / 2 Bath Living Area: 1,978 sqft Lot Size: 9,805 sqft Stories: 1 Year Built: 2002 per seller, 2005 per tax records - verify Reported features: Fireplace, garage, patio Sold as-is CONDITION - SELLER DISCLOSED Roof: 2021, per seller’s disclosure HVAC: 2018, reported in good shape Foundation: Very minor cracks disclosed by seller Credit where it is due. A seller who puts foundation cracks in writing before anyone asks is a seller whose other statements carry more weight. That said, foundation is the one item here you should never price from a disclosure. Central Texas clay moves, slab cracking is common, and the gap between hairline settlement and a real problem is the difference between a few thousand dollars and thirty. Pay for a structural engineer’s letter. No report has been provided on electrical, plumbing, interior condition or appliances. CLOSED COMPS - LOCKHART TX 78644 513 Mockingbird Ln, Lockhart TX 78644 - 3 Bed / 2 Bath, 1,978 sqft, single story, built 2005, 10,755 sqft lot, fireplace, garage, patio, pool, porch - SOLD $364,420 on 06/01/2026 after 239 days - approximately $184 per sqft - SAME STREET, IDENTICAL SQUARE FOOTAGE 1215 W Live Oak St, Lockhart TX 78644 - 3 Bed / 2 Bath, 2,031 sqft, single story, built 2003, 0.57 acre lot, fireplace, garage, patio, porch - SOLD $372,400 on 08/17/2026 after 149 days - approximately $183 per sqft HOW TO READ THIS COMP SET It is a small set, two sales, and I am not going to pretend otherwise. But it is unusually clean. 513 Mockingbird is across the street from the subject, it is the same bed and bath count, the same single story configuration, the same vintage, and the same 1,978 square feet. There is no size adjustment to argue about because there is no size difference. It closed at $364,420. 1215 W Live Oak is fifty-three square feet larger, two years older, and closed at $372,400. Two independent sales landing at $184 and $183 a square foot is a tight read on what this product does in Lockhart. Now the adjustments, both of which run against the subject. 513 Mockingbird has a pool and the subject does not. 1215 W Live Oak sits on 0.57 acres against the subject’s 9,805 square feet, and the comp average lot is 0.41 acres, so the subject is on the smaller side of the set. That is why the ARV here is $360,000 rather than $368,000. It sits below the comp average, below the $361,974 comp-adjusted estimate, and above the $346,952 AVM. The last number to respect is days on market. These two sat 239 and 149 days, averaging 194. Lockhart is an appreciating market, not a fast one. Whatever your exit, underwrite the carry honestly. WHY LOCKHART Lockhart is the Caldwell County seat, roughly thirty miles southeast of downtown Austin on the US 183 corridor, and it is known nationally as the Barbecue Capital of Texas. The investment case is proximity. Austin’s housing costs pushed working households outward years ago, and the towns along 183 and SH 130 have absorbed that demand. Lockhart has a historic courthouse square, a real small-town identity, and commuting distance to both Austin and San Marcos, with the SH 130 industrial corridor in between. The rental number tells the same story. Estimated market rent on this property is $3,137 a month. Against a $210,000 acquisition, that is a ratio you do not find inside Travis County. EXIT STRATEGIES Fix and flip: $210,000 entry against a street that closed at $364,420 this year, with roof and HVAC already handled so your budget goes to cosmetics Buy and hold: Estimated rent of $3,137 per month against a $210,000 basis, in an Austin commuter market BRRRR: Acquire, update, stabilize at market rent and refinance against a comp-supported value Workforce rental: Three bedroom single story product near the 183 and SH 130 corridors serves commuters priced out of Travis and Hays counties DEAL TERMS Purchase Price: $210,000 COE: On or before November 18, 2026 Title: Nu World Title, Sally Schopp, [contact details hidden] Sold as-is Cash or hard money only Buyer pays all closing costs, including escrow, title and title insurance Transaction coordination fee of $425 paid by buyer First come, first served WHOLESALE DISCLOSURE [representative] is not the record owner of this property. We hold or are in the process of holding an equitable interest in the property under a purchase and sale agreement, and we are marketing that equitable interest for assignment. We are not a licensed Texas real estate broker and we are not acting as an agent for the seller or for any buyer. This is an assignment of an equitable interest in a real estate contract, not a listing of the real property itself. Earnest money on an assignment of contract is non-refundable. Condition information is taken from the seller’s disclosure and has not been independently inspected or verified. The seller has disclosed minor foundation cracking, and buyer is strongly advised to obtain an independent structural evaluation. Year built is reported as 2002 by the seller and 2005 by tax records and should be verified. ARV, AVM, estimated values, comparable sales data and rent estimates are model-generated outputs from third-party platforms, not appraisals, and are not guaranteed. Buyer to do their own due diligence including independent inspection, independent ARV verification, and confirmation of square footage, bed and bath count, permit history, HOA status and dues, flood zone, property taxes, title and liens before executing any purchase agreement. THE CALL Lockhart, Caldwell County. Three bedroom, two bath, 1,978 square feet, single story. 2021 roof, 2018 HVAC. The identical house across the street closed at $364,420 in June. You are buying at $210,000. Nineteen days to close. Call or text, and bring a structural engineer with your contractor. Jervon - [representative] [contact details hidden]