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Burnet 76550
1915 County Road 111
$168,000
● Land - Off Market

1915 County Road 111

Lampasas, TX 76550
bedrooms
Studio
bathrooms
0 Bath
$827
Est. Monthly
$2
HOA / Fees

About This Property

Nestled in a well-established neighborhood, is approximately 6 acres that offers the perfect blend of seclusion and convenience. Just a stone's throw away from town, yet surrounded by serene hill country views and lush post oak and live oak trees, this property is truly a hidden gem. The potential for building your dream home on this spacious lot is endless, with plenty of great building sites to choose from. Don't miss out on the opportunity to make this tranquil retreat your own!
Unit Size
-
Days on Market
-
Land Size
5.86 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$2
Year Built
1979

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Cap Rate Calculator

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Cap Rate 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: 10 months ago (NTREIS #20789444)

Price History

Date / Event Date Event Price
Dec 8, 2025 Sold
Premium
Sold
Oct 28, 2025 In contract -
In contract
Dec 3, 2024 Listed by TEXAS REAL ESTATE SALES $168,000
Listed by TEXAS REAL ESTATE SALES

Property Highlights

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 239,580
  • Total Building Area: 1,972
  • Gross Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,972
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH SQUIRES
  • Land Acres: 0000005500
  • Standard Land Use Code: 1000
  • County Land Use Code: E1
  • State Land Use Code: E1
  • Legal Description 1: ABS A0768 JOSEPH SQUIRES, TRACT 35, FLYING S RANCH, 5.5 ACRES

Neighborhood

  • School District Name: Lampasas Independent School District
  • Census Tract: 960200

Geography

  • Subdivision Tract Number: 35
  • Parcel: 55918
  • Municipality: LAMPASAS
  • Latitude: 31.0105
  • Longitude: -98.229

    Address

  • Full Address: 1915 County Road 111
  • Address - House Number: 1915
  • Address - Street Name: County Road 111
  • State: TX
  • City Name: Lampasas
  • Carrier Code: R005
  • 4-Digit Zip Code: 9653
  • Zip Code: 76550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $570,434
  • Initial Tax Delinquent Year: 2008
  • Tax Rate Code Area: WCD

    Appraisal Valuation

  • Standard Deviation: 0.3157
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 36
  • Final Value: 237,215
  • High Value: 312,120
  • Low Value: 162,309

    Market Valuation

  • Market Total Value: $464,190
  • Market Land Value: $198,000
  • Market Improvement Value: $266,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $464,190
  • Assessed Land Value: $198,000
  • Assessed Improvements Value: $266,190

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 202114933
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 Burnet

Stats & Trends

Median Asking:

$399,723

Sale Price/ft²

$224

Below Asking

0.04%

Average Days on Market

99

Average Home Size

2224 ft²

Average Home Age

8.1 years

Currently For Sale

614 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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NTREIS

Listed by: Leah Caruthers, TEXAS REAL ESTATE SALES
Last Updated: 10 months ago
Data Source: NTREIS MLS, MLS# 20789444
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1915 County Rd 111 built and last sold?
The property at 1915 County Rd 111 was built in 1979 and last sold on Sep 2, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 1915 County Rd 111 is $0.
What are some comparable homes to 1915 County Rd 111?
There are currently no comparable homes to 1915 County Rd 111.
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