See Home Value
Bastrop 78602
607 Magnolia ST
$199,000
● House - Off Market

607 Magnolia ST

Bastrop, TX 78602
bedrooms
2 Beds
bathrooms
1 Bath
square feet
957 Ft²
$1,382
Est. Monthly

About This Property

MULTIPLE OFFERS RECEIVED - OFFER DEADLINE 2/3/26 BY 6PM

Located just moments from the heart of historic downtown Bastrop, 607 Magnolia Street presents a rare opportunity to secure a strategically positioned property with long-term upside in one of Central Texas' fastest-growing markets.

Set on a generous lot with no HOA, this property offers flexibility for a wide range of buyers - from owner-occupants seeking charm and convenience, to investors focused on appreciation, rental demand, and future redevelopment potential. Walkable proximity to downtown shops, dining, and community events enhances both lifestyle appeal and rental desirability, while easy access to Highway 71 keeps Austin within reach.

The home's efficient footprint and lot configuration open the door to multiple value-add strategies: renovate and hold, reposition as a long-term rental, explore short-term rental potential (buyer to verify), or capitalize on the underlying land value as Bastrop continues its upward growth trajectory. Properties this close to downtown with no HOA restrictions are increasingly scarce - making this a compelling acquisition in today's market.

Surrounded by ongoing development, rising demand, and Bastrop's expanding reputation as a lifestyle and investment destination, 607 Magnolia St is more than a home - it's a smart move in a market where location and flexibility drive returns.

Ideal for buyers seeking character, investors pursuing cash flow or appreciation, and anyone looking to secure a foothold in a high-growth Texas community.
Unit Size
957 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$208
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1976

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Last updated: 9 months ago (Unlock MLS #ACT1785422)

Price History

Date / Event Date Event Price
Feb 5, 2026 In contract -
In contract
Jan 26, 2026 In contract -
In contract
Jan 22, 2026 Listed by JBGoodwin REALTORS WL $199,000
Listed by JBGoodwin REALTORS WL
Oct 24, 2025 Withdrawn -
Withdrawn
Sep 30, 2025 Price Decreased $249,000
↓ $20K (7.4%)
Price Decreased
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 348
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,364
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,305
  • Gross Building Area: 1,305
  • Building Area: 957
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 957
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA PARK
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: MAGNOLIA PARK, LOT 16, ACRES 0.1920

Neighborhood

  • School District Name: Bastrop Independent School District
  • Census Tract: 950401

Geography

  • Assessors Map Reference: 553-X
  • Parcel: R29615
  • Lot: 16
  • Municipality: BASTROP
  • Latitude: 30.1267
  • Longitude: -97.3209

    Address

  • Full Address: 607 Magnolia St
  • Address - House Number: 607
  • Address - Street Name: Magnolia
  • Address - Suffix Type: St
  • State: TX
  • City Name: Bastrop
  • Carrier Code: C002
  • 4-Digit Zip Code: 1511
  • Zip Code: 78602

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,795
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: S04

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 235,254
  • High Value: 295,134
  • Low Value: 175,375

    Market Valuation

  • Market Total Value: $198,440
  • Market Land Value: $66,574
  • Market Improvement Value: $131,866

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,440
  • Assessed Land Value: $66,574
  • Assessed Improvements Value: $131,866

    Sales

  • Current Sale Contract Date: Jul 20, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10922
  • Previous Sale Recording Date: Sep 06, 2022
  • Previous Sale Contract Date: Aug 31, 2022
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 64
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 Bastrop


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Nearby Rentals

Unit for rent at 605 Blair Ave, Bastrop, TX, 78602

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  • 2 Baths
  • 1,860 ft²
605 Blair Ave, Bastrop, TX, 78602 Listing by Susan Nogues
Unit for rent at 1910 Wilson St, TX, 78602

$912 /mo

  • 1 Bed
  • 1 Bath
1910 Wilson St, TX, 78602 Listing by Rick Rivera
Unit for rent at 2305 Main St, Bastrop, TX, 78602

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
2305 Main St, Bastrop, TX, 78602 Listing by Sonya Mallett


Frequently Asked Questions

When was property at 607 Magnolia Street built and last sold?
The property at 607 Magnolia Street was built in 1976 and last sold on Jul 20, 2023 for $199,500.
How much is this home worth?
The estimated value of the home located at 607 Magnolia Street is $199,085.
What are some comparable homes to 607 Magnolia Street?
There are currently no comparable homes to 607 Magnolia Street.