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Lee
1071 Main Avenue
$350,000 Last Listed Price
● House - Off Market

1071 Main Avenue

Lincoln, TX 78948
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,845 Ft²
$393,908
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Right in the heart of Lincoln, this newly updated ranch style home has the private feel of country living while sitting on just 1 acre. Outside you will enjoy the peaceful surrounding amidst mature live oaks and crape myrtles. Step inside and you will find an open concept kitchen/living area, 3 bedrooms and 2 baths. The hard work has been done - new flooring, countertops, appliances, septic, the list goes on. Come take a look for yourself!
Unit Size
1,845 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$190
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (HAR #61167382)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Aug 4, 2021 Listed by Round Top Real Estate $350,000
Listed by Round Top Real Estate
Right in the heart of Lincoln, this newly updated ranch style home has the private feel of country living while sitting on just 1 acre. Outside you will enjoy the peaceful surrounding amidst mature live oaks and crape myrtles. Step inside and you will find an open concept kitchen/living area, 3 bedrooms and 2 baths. The hard work has been done - new flooring, countertops, appliances, septic, the list goes on. Come take a look for yourself!

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 220
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,845
  • Gross Building Area: 2,257
  • Building Area: 1,845
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,845
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE JOSE JUSTO LIENDO SURVEY ABSTRACT 13
  • Land Acres: 0000001000
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: M & F CATTLE ESTATES, LOT 1, ACRES 1.0

Neighborhood

  • School District Name: Giddings Independent School District
  • Census Tract: 000200

Geography

  • Subdivision Tract Number: 015
  • Parcel: 18277
  • Lot: 1
  • Municipality: LINCOLN
  • Latitude: 30.2807
  • Longitude: -96.9644

    Address

  • Full Address: 1071 Main Ave
  • Address - House Number: 1071
  • Address - Street Name: Main
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Lincoln
  • Carrier Code: R301
  • 4-Digit Zip Code: 6533
  • Zip Code: 78948

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $336,475
  • Tax Rate Code Area: G144 LRD S

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 359,149
  • High Value: 421,222
  • Low Value: 297,076

    Market Valuation

  • Market Total Value: $226,870
  • Market Land Value: $32,000
  • Market Improvement Value: $194,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,870
  • Assessed Land Value: $32,000
  • Assessed Improvements Value: $194,870

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2909
  • Previous Sale Recording Date: Dec 20, 2018
  • Previous Sale Contract Date: Dec 13, 2018
  • Previous Sale Amount: $173,938
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lee

Stats & Trends

Median Asking:

$334,450

Sale Price/ft²

$188

Below Asking

0.04%

Average Days on Market

89

Average Home Size

1785 ft²

Average Home Age

42.4 years

Currently For Sale

80 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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HAR

Listed by: Caitlin Jacob, Round Top Real Estate
Last Updated: 5 months ago
Data Source: HAR , MLS# 61167382
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 1071 Main Avenue built and last sold?
The property at 1071 Main Avenue was built in 1968 and last sold on Sep 7, 2023 for $410,571.
How much is this home worth?
The estimated value of the home located at 1071 Main Avenue is $354,507.
What are some comparable homes to 1071 Main Avenue?
There are currently no comparable homes to 1071 Main Avenue.
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