See Home Value
Marble Falls 78654
1418 Ocotilla DR
$400,000
↓ $10K (2.4%)
● House - Off Market

1418 Ocotilla DR

Marble Falls, TX 78654
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,089 Ft²
$2,444
Est. Monthly
7.19%
Cap Rate

About This Property

TWO homes for the price of one in the heart Marble Falls! Welcome to 1418 Ocotilla - units A & B. This unique property boasts two site built homes - both built in the 1970's but have been recently updated. Unit A offers 1,916 SQFT - three spacious bedrooms, two full bathrooms, two living areas, and a lovely eat-in kitchen. No carpet - new flooring has recently been installed throughout. The primary bedroom has an en-suite bathroom, and the guest bathroom can be accessed through the hallway. The private backyard for unit A is located just off of the large laundry room, and there is a huge storage closet tucked away off of the second living area. The second living room has a separate entry and cozy gas fireplace. Unit A is currently leased until the end of May 2024 for $2,500/month. Unit B is an 1,173 SQFT two bedroom, one and half bath home with a true 2-car attached garage. Unit B has a lovely updated kitchen, cozy living area with wood burning fireplace, and nice built-ins. Both bathrooms have been recently renovated, and the owner upgraded all the flooring to remove the carpet. Unit B also has a private backyard with a neat fire pit area in the corner - the perfect spot on a chilly winter night! You can't beat the accessibility of this corner property. Just blocks away from H-E-B & the middle school - this is a fantastic investment! No HOA, 1.8 tax rate, and move-in ready- come check out this place in person! Both units have built in security systems that convey with the sale. Shown by appointment only.
Unit Size
3,089 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$129
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

Last updated: 2 years ago (Unlock MLS #ACT4025789)

Price History

Date / Event Date Event Price
Jul 22, 2025 Price Decreased $400,000
↓ $10K (2.4%)
Price Decreased
Jun 25, 2025 Price Decreased $410,000
↓ $10K (2.4%)
Price Decreased
Mar 5, 2025 Price Decreased $420,000
↓ $5K (1.2%)
Price Decreased
Dec 21, 2024 Price Decreased $425,000
↓ $25K (5.6%)
Price Decreased
Dec 5, 2024 Price Decreased $450,000
↓ $30K (6.3%)
Price Decreased
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Total Building Area: 3,589
  • Gross Building Area: 3,589
  • Building Area: 3,089
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 3,089
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHWOOD ACRES
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S6660 NORTHWOOD ACRES LOT 85 SEC 1

Neighborhood

  • School District Name: Marble Falls Independent School District
  • Census Tract: 960702

Geography

  • Assessors Map Reference: 65-W
  • Parcel: 32922
  • Lot: 85
  • Municipality: MARBLE FALLS
  • Latitude: 30.5883
  • Longitude: -98.2763

    Address

  • Full Address: 1418 Ocotilla Dr
  • Address - House Number: 1418
  • Address - Street Name: Ocotilla
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Marble Falls
  • Carrier Code: C003
  • 4-Digit Zip Code: 4525
  • Zip Code: 78654

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $541,893
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: WCD

    Appraisal Valuation

  • Standard Deviation: 0.4563
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 8
  • Final Value: 274,292
  • High Value: 399,460
  • Low Value: 149,123

    Market Valuation

  • Market Total Value: $370,866
  • Market Land Value: $24,188
  • Market Improvement Value: $346,678

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,541

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Marble Falls


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 336 Columbine St, Meadowlakes, TX, 78654

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,695 ft²
336 Columbine St, Meadowlakes, TX, 78654 Listing by Sarah McAloon


Frequently Asked Questions

When was property at 1418 Ocotilla Drive built and last sold?
The property at 1418 Ocotilla Drive was built in 1973 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1418 Ocotilla Drive is $505,000.
What are some comparable homes to 1418 Ocotilla Drive?
There are currently no comparable homes to 1418 Ocotilla Drive.