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128 Lacey Oak LOOP
About This Property
Bright, open, and designed for easy indoor-outdoor living, natural light fills the spacious living area through an oversized window, while an impressive three-panel sliding glass door opens wide to the covered patio, creating a seamless connection to the backyard and bringing in fantastic airflow.
The open-concept layout flows effortlessly from the living area into the kitchen and dining space, making it ideal for both everyday living and entertaining. The kitchen features a large center island, generous cabinet and counter space, stainless steel appliances, and a layout that keeps everyone connected. A flexible bonus space provides the perfect spot for a home office, playroom, or additional living area.
Enjoy everything Blanco Vista has to offer, including a community pool and splash pad, hike-and-bike trails, a fishing pond, and Blanco Vista Elementary right within the neighborhood. Five Mile Dam Park and the Blanco River are within walking distance, offering easy access to trails, parks, sports fields, and outdoor recreation.
Conveniently located near I-35 with easy access to San Marcos, Kyle, and Austin, plus Texas State University, the San Marcos outlets, shopping, dining, and entertainment nearby. With a 3.5% assumable loan, brand-new flooring, fresh interior paint, abundant natural light, and fantastic neighborhood amenities, this home offers an opportunity that's hard to beat.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Listed by Compass RE Texas, LLC | $300,000 | |
| Listed by Compass RE Texas, LLC | |||
| May 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 16, 2025 | Price Decreased |
$339,999
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Mar 27, 2025 | Listed by Keller Williams Realty | $350,000 | |
| Listed by Keller Williams Realty | |||
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ASK ABOUT THE ASSUMABLE FHA LOAN AT 3.00% INTEREST RATE & SECOND/JUNIOR LIEN OPTION THAT IS ALLOWED. Welcome to 128 Lacey Oak Loop - A pristine, one-story 1790SF home with a versatile layout and modern finishes. Located in the serene community of Blanco Vista, this home is conveniently located in just minutes from I-35 between Kyle and San Marcos TX, making for a seamless commute to both Austin and San Antonio. Community members will also enjoy easy access to Five Mile Dam Park, which offers a beautiful setting for hiking and recreation along the Blanco River. Inside the home, highlights include wood-like tile and high ceilings throughout, plenty of natural light, and an open layout. The expansive floor plan includes three bedrooms plus a flex room/office on the front of the home, a great room with open kitchen, dining, and living room. The gourmet kitchen includes stainless steel refrigerator, microwave, dishwasher, gas oven, and timeless finishes. Privately situated towards the back of the home, the owner's suite overlooks the private yard and includes a spacious bathroom with walk-in shower, walk-in closet and double vanity. Enjoy the outdoors with your private yard including a spacious patio, perfect for lounging, entertaining or for a fire pit. THE ASSUMABLE 3% INTEREST RATE IS HUGE SAVINGS EACH MONTH AND ON THE LIFE OF THE LOAN. THIS IS UNIQUE OPPORTUNITY WHERE SECOND/JUNIOR LIEN IS ALLOWED BY MORTGAGE COMPANY. AKS FOR LENDER CONTACT DETAILS. SCHEDULE TO COME SEE THIS HOME TODAY!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017