$770,000
$335K PRICE DROP

1401 E Wallace St San Saba, TX 76877

Estimated payment $4,233/month

Total Views 9,384
7.12 Acres
$108,146 Price per Acre
310,147 Sq Ft Lot

Highlights

  • Horses Allowed On Property
  • Stone Wall
  • Many Trees
  • Landscaped

About This Lot

*******Substantial Price Reduction******
Charming Multi-Family property with Historic Flair on 7.12 Acres in highly sought after location!**

Welcome to your dream retreat, a rare estate nestled on 7.12 sprawling acres of picturesque land, where history meets modern living! This enchanting property radiates charm and versatility, offering endless possibilities for investors, families, or those seeking a serene escape from the hustle and bustle of city life. Immerse yourself in the tranquility of nature while enjoying the comfort of two distinct homes and an efficiency apartment.

**Main House: A Historic Haven**

Step into the main house, a beautifully preserved 3-bedroom, 2-bathroom residence that boasts a unique blend of early 1900s charm and contemporary comfort. The spacious living area and formal dining area beckons with its warm hardwood floors, tall ceilings, and character-rich details that transport you back in time. This home also offers a breakfast nook with a sitting area if you prefer a more casual setting too. The added office space provides the perfect setting for remote work or creative pursuits lined with windows for tons of natural light. The office also has its own entry to come and go as you please. A wooden staircase built with craftmanship long gone takes you to the inviting upstairs loft bedroom where it offers a cozy retreat, perfect for guests or family.

Enjoy the Texas crisp mornings or watching the painted sunsets in the evenings while rocking away in your rocker on the large porch.

**Second Home & Efficiency Apartment: Income Potential Galore! **

The property includes a charming 2-bedroom, 1-bathroom secondary home, ideal for extended family, guests, or rental income potential. The home is solidly built and offers timeless character and a strong foundation- just waiting for your personal touch. The hard work has been done for you- the home has been stripped down to its beautifully crafted solid wood walls and original hardwood floors. This additional dwelling offers privacy and comfort, making it an excellent option for those seeking multi-generational living or investment opportunities.

Dont miss the efficiency apartment a quaint space that maximizes function and offers endless possibilities. Perfect for short-term rentals or as a private retreat for guests, this adaptable unit can easily accommodate your needs.

**Outdoor Paradise: Nature Lover's Dream**

The outdoor space is nothing short of spectacular, featuring a large greenhouse ready for your gardening ambitions and a sprawling pecan orchard that adds both beauty and utility. Imagine harvesting your own pecans and enjoying the fruits of your labor while surrounded by natures bounty.

The property is equipped with an artesian well, providing a sustainable water source for your agricultural dreams, landscaping, or simply for enjoying the lush surroundings. The blacktop driveway ensures easy access to both homes and adds to the property's appeal, while the white fenced perimeter offers security and southern charm.

**Unmatched Location & Community**

Located next to two, not one, nut two lush parks brimming with water features and greenery, this multi-family property offers a rare opportunity to experience the best of both worlds spacious rural living while remaining just a few blocks from local amenities, shopping, and dining. The vibrant community is rich in culture and history, making it an ideal place to plant your roots.

With so much charm, character, and potential, this multi-family oasis is a must-see! Whether you envision a family compound, an investment opportunity, or a serene escape, this property offers the canvas for your dreams. Dont miss your chance to own a piece of history schedule your private tour today and discover all that this remarkable property has to offer!

**Your adventure awaits! **- "Sellers are super motivated!!-Bring your offer!"

Listing Agent

Carter Williams & Cindy Prater

San Saba Realty License #9013317 Listed on: 04/23/2025

Listing Provided By

Property Details

Property Type

  • Land

Lot Details

  • Property fronts a highway
  • Stone Wall
  • Wood Fence
  • Landscaped
  • Many Trees
  • Current uses include residential multi-family, residential single, orchard, hobby farm
  • Potential uses include agriculture, orchards/vineyards, residential multi-family, for development, homestead, orchard

Additional Features

  • Outside City Limits
  • Fenced For Cattle
  • Horses Allowed On Property
  • 1 Water Well

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Office Phone: 325-246-5885
  • Listing Website: https://www.land.com/property/1401-east-wallace-street-san-saba-texas-76877/23302409/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Outside Features: Fenced for Cattle
  • Potential Use: Agriculture, Orchards/Vineyards, Residential Multi-Family, For Development, Homestead, Orchard
  • Number of Wells: 1
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Exterior Features

  • Road Description: Asphalt, Outside City Limits, U.S. Highway
  • Fencing: Rock/Stone, Wood

Lot Info

  • Current Use: Residential Multi-Family, Residential Single, Orchard, Hobby Farm
  • Lot Description: Acreage, Heavily Treed, Horses Permitted, Landscaped, Lrg. Backyard Grass, Some Trees

Multi Family

  • Utilities Available: City Water

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,226 $181,790 $0 $0
2024 $2,226 $256,340 $9,380 $246,960
2023 $1,942 $232,670 $5,000 $227,670
2022 $1,868 $211,370 $4,000 $207,370
2021 $2,247 $158,570 $3,000 $155,570
2020 $2,047 $120,600 $3,000 $117,600
2019 $2,119 $120,620 $3,000 $117,620
2018 $1,966 $120,630 $3,000 $117,630
2017 $1,787 $119,140 $1,500 $117,640
2016 $1,625 $77,090 $1,500 $75,590
2015 -- $83,760 $1,500 $82,260
2014 -- $83,760 $1,500 $82,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 Price Changed $770,000 -14.3% --
06/17/2025 06/17/25 Price Changed $899,000 -18.6% --
04/23/2025 04/23/25 For Sale $1,105,000 -- --

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Source: Public Records