$449,000
●
House -
Off Market
1192 County Road 138
Giddings, TX 78942
4 Beds
2 Baths
2,560 Ft²
$2,205
Est. Monthly
About This Property
UPDATED HOME ON 3 ACRES WITH SPACE TO LIVE, WORK & EXPAND - NO HOA.
Discover the freedom of country living without sacrificing comfort.
Situated on 3 beautiful acres just outside of downtown Giddings,
this updated 4-bedroom home offers over 2,500 square feet of
flexible living space designed for both everyday life and
entertaining. Inside, you'll find an open-concept layout with
granite countertops, stainless steel appliances, and a spacious
family room anchored by a wood-burning fireplace. A second living
area provides the perfect setup for a game room, office, or
additional lounge space; giving you the flexibility today's buyers
are looking for. Step outside and experience what truly sets this
property apart. A covered front entry and back patio create
inviting spaces to relax and unwind, while the large fenced
backyard offers room for pets, play, or gardening. Beyond that, the
additional acreage opens the door to endless possibilities-build a
shop, bring your animals, or simply enjoy the privacy and wide-open
space. The property also includes a versatile shed with
electricity, ideal for a workshop, storage, or hobby space.
Located within easy reach of Giddings, Elgin, and Austin-area
growth, this property offers the perfect blend of rural lifestyle
and long-term value. Shared Ag Use helps keep taxes SUPER LOW-
Roof replaced in 2025
Unit Size
2,560 Ft²
Days on Market
-
Land Size
3.00 acres
Price per sqft
$175
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992
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100% Occupancy
N/A (extreme outlier) 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: 3 months ago (Unlock MLS #ACT1861265)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by Keller Williams Realty Lone St | $449,000 | |
| Listed by Keller Williams Realty Lone St | |||
| Jan 24, 2024 | No longer available | - | |
| No longer available | |||
| Sep 11, 2023 | Listed by Dana Lehmann Properties | $443,600 | |
| Listed by Dana Lehmann Properties | |||
| | |||
|
SO MUCH SPACE, INSIDE & OUT: 4 bedroom home on 3 acres located east of Giddings. The home is approximately 2560 square feet and features open-concept living, granite kitchen countertops, stainless appliances, a large family room with wood-burning fireplace, a second living area, and lots of storage. Outside you'll find a covered front entry, covered back patio, a large fenced backyard, and a shed for use as storage or a workshop (shed has electricity). The home is situated on 1 acre, and there are two additional acres. This property is just off Highway 290 which provides quick access to schools, shopping and work in Giddings, Brenham, Round Top etc. Room measurements are approximate, buyer to verify. (Legal Description: A020 VARELMAN, J. D., TRACT 022A, ACRES 1.0, MICHALEK SUBDIVISION, TRACT 1 and A020 VARELMAN, J. D., TRACT 022B, ACRES 2.0, MICHALEK SUBDIVISION, TRACT 2.)
| |||
| Dec 4, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lee
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Listed by: Megan Turnipseed
Listed Office: Keller Williams Realty Lone St - Listing courtesy of Unlock MLS
Phone: (512) 868-1771
Last Updated: 2026-07-03 04:02:16
Data Source: Unlock MLS, MLS# ACT1861265
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty Lone St - Listing courtesy of Unlock MLS
Phone: (512) 868-1771
Last Updated: 2026-07-03 04:02:16
Data Source: Unlock MLS, MLS# ACT1861265
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is 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. Some IDX listings have been excluded from this website.
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