$1,389,000 Price Analysis    ♡   Fredericksburg, TX 78624 4 bed 3 bath 1,896 SqFt ($732/SqFt) 3.49 acre lot. Built 1951 Listed 2024-04-05, Taxes $11,242 | May be USDA loan restricted due to income limits near Fredericksburg |
UNLIMITED POSSIBILITIES Is exactly what this exceptional 3.49 acre tract that borders Fredericksburg
TX city limits has to offer. Along with multiple investment possibilities! POSSIBILITY 1. The 3.49 acres is unrestricted and outside the city limits in the ETJ (Extra-Territorial Jurisdiction), meaning this property is prime for a multi-unit bed and breakfast compound and short-term rentals and prime opportunity for huge investment income. A Feasibility Study has been performed confirming the use of 12 short-term rentals and 8 campsites. In addition, a TCEQ Well Study has been performed. There is plenty of room to nestle units strategically amongst the trees offering your future guests a unique country setting while being blocks from Main Street in Fredericksburg, TX. With this location you will be booked all the time! POSSIBILITY 2. The property offers a unique pssibility to build your own home or family compound blocks from town.
In addition, to a attractive piece of property, there exists a 1951 mid century modern home with exceptional features and could be remodeled into a real show place or potential to become the guest house. Lots of large mature oaks dot the property making an idyllic setting for the person looking for a show place on small acreage while also having the benefits of being in town! POSSIBILITY 3. The property also has the possibility to be a development into a single family residential neighborh ood, which would be another optimum use for this land. City utilities are already on the adjoining property and the property has its own single road, providing the ability to sell nice sized lots. There is high premium demand in the area for new construction homes close to town and for a builder/developer looking for lots to build up the area, this is a prime location and property. UNLIMITED POSSIBILITIES is what this property offers. Use one of the ideas above or any combination of them, fix up the home for yourself and sell the back lots, use part as your family compound and part for short-term rentals. What ever your dream, the possibilities are endless!
Presented by Michael Starks at
RE MAX Town & Country.
Property MLS #90516 from Fredericksburg
Lot Size Acres: 3.49
Topography: Flood Plain, Level
Lot Size Square Feet: 152024
Source Listing Status: Active
County: Gillespie
Directions: From Main head north on Cherry Street, home will be on left just past The Preserve.
Source Property Type: Residential
Area: County-Northwest
Source Neighborhood: German Immigration
Property Location: Gravel Drive
Subdivision: German Immigration
Zoning: ETJ
Flood Plain: 1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $282,600 + $506,240 $788,840 | $11,242 |
| 2022 | $167,210 + $159,940 $327,150 | $10,584 |
| 2021 | $145,400 + $120,590 $265,990 | $4,796 |
| 2020 | $145,400 + $120,590 $265,990 | $3,976 |
| 2019 | $unknown + $unknown $232,042 | $4,152 |
| 2018 | $unknown + $unknown $210,947 | $3,604 |
| 2017 | $106,220 + $85,550 $191,770 | $3,350 |
| 2016 | $103,660 + $85,550 $189,210 | $3,008 |
| 2014 | $99,600 + $76,830 $176,430 | $2,978 |
| 2014 | $99,600 + $85,550 $185,150 | $2,873 |
| 2013 | $102,600 + $76,830 $179,430 | $2,626 |
| 2012 | $102,600 + $76,830 $179,430 | $1,469 |
| 2011 | $104,570 + $78,520 $183,090 | $2,570 |
$1,389,000
Fredericksburg
Listing removed 2024-01-06
$0
Fredericksburg
Listed 2023-04-03
$1,389,000
Fredericksburg
Listing removed 2023-01-23
$0
Fredericksburg
Listed 2022-07-22
$1,389,000
Fredericksburg
Sold 2022-01-21
$0
Fredericksburg
Year Built: 1951
Living Area Source: GCAD
Property Age: 73
Levels or Stories: Two
House Style: Ranch
Total Area Sqft: 1896
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.