$4,424,000
SOLD MAR 29, 2022
Last list price

5501 Old Colony Line Rd Lockhart, TX 78644

2 Beds
2 Baths
1,080 Sq Ft
157.72 Acres

Recently Sold

$4,096 Per Sq Ft

62 Days on Market

Highlights

  • Horse Facilities
  • Horses Allowed On Property
  • Waterfront
  • Barn
  • Lake View
  • 157.72 Acre Lot

About This Home

As of March 2022

Nestled in the sprawling countryside of Caldwell County sits the beautiful 157 acre Tranquil Waters Ranch, with
gorgeous water features including an incredible spring fed lake, ponds and seasonal creeks. The 7 acre lake wraps around the gorgeous homesite and is residence to several species of waterfowl including ducks & blue herons. The water is thriving with catfish, bass, crappie and more. The pastures meander through the gentle rolling terrain, which allows an endless array of potential building sites, as well as superb livestock grazing. The quaint modern cabin can be a primary residence or an ideal headquarters while building your dream home. The park-like beach area is an excellent place for entertaining large groups of guests or for your private morning coffee. The custom barn is sturdily constructed from shipping containers to keep your four-legged family members warm in the winter and cool in the summer.

Last Agent to Sell the Property

Richmond Frasier

Legacy Broker Group License #0559072 Listed on: 11/30/2021

Last Buyer's Agent

NON-MEMBER AGENT TEAM

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 2012

Lot Details

  • 157.72 Acre Lot
  • Waterfront
  • Perimeter Fence
  • Secluded Lot
  • Lot Has A Rolling Slope
  • Mature Trees
  • Possible uses of the property include Agricultural, Fishery, Grazing, Horses, Other, Residential, Recreational, See Remarks

Property Views

  • Lake
  • Creek or Stream

Home Design

  • Hill Country Architecture
  • Log Cabin
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,080 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Skylights
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Inside Utility
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Schools

  • Navarro Elementary School
  • Lockhart Junior High School
  • Lockhart High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Porch
  • Barn
  • Horses Allowed On Property

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 15523

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,438

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Architectural Style: Hill Country, Log Home, Other
  • Directions: From Austin, take I-35S and take TX-45 E/TX-45 Toll to TX-130 S to US-183 S in Lockhart. Take exit 470 from TX- 130S and follow US-183S, FM 20E and FM 713 E to 5501 Old Colony Line Road.
  • Horses: Yes
  • Unit Levels: Two
  • Lot Size Acres: 157.7164
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Farm
  • Road Surface Type: Gravel
  • Building Stories: 2
  • Water Body Name: Creek-Seasonal,Lake,Pond/Stock Tank,Other-See Rema
  • Year Built: 2012
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Cooktop, Electric Range, Some Electric Appliances, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Kitchen/Dining Combo, Master Downstairs, Main Level Master, Open Floorplan, Skylights, Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry, Solid Surface Counters
  • Living Area: 1080.0
  • Possible Use: Agricultural, Fishery, Grazing, Horses, Other, Residential, Recreational, See Remarks
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Log
  • Disclosures: Agricultural Exemption
  • Exterior Features: Horse Facilities, Porch
  • Fencing: Perimeter, Ranch Fence
  • Foundation Details: Pillar/Post/Pier
  • Lot Features: Acreage, Mature Trees, Secluded
  • Other Structures: Barn(s)
  • Patio And Porch Features: Covered, Porch
  • Property Condition: Resale
  • Roof: Metal
  • Topography: Rolling
  • View: Lake, Other, Pond, Creek/Stream, Seasonal View
  • View: Yes
  • Waterfront: Yes

Utilities

  • Cooling: Central Air, Electric, 1 Unit
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Inside
  • Sewer: Not Connected (at lot), Public Sewer, Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet Available, Phone Available
  • Water Source: Private, Other, See Remarks, Well

Schools

  • Elementary School: Navarro Elementary
  • High School: Lockhart High School
  • Junior High Dist: Lockhart ISD
  • Middle Or Junior School: Lockhart Junior High School

Lot Info

  • Parcel #: 15523
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3438.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Mar 29, 2022
Sold by
Flyingpig Acres Llc
Bought by
Lockhart 162 Llc
Seller's Agent
Richmond Frasier
Legacy Broker Group
Buyer's Agent
NON-MEMBER AGENT TEAM
Non Member Office
List Price
$4,424,000
Sold Price
$4,000,000
Premium/Discount to List
-$424,000
-9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.08%
Original Mortgage
$3,000,000
Outstanding Balance
$1,265,592
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$2,593,901

Purchase Details

Closed on
Oct 6, 2021
Sold by
Vanrossun Clinton Clifferd and Vanrossun Isabel Franziska
Bought by
Flyingpig Acres Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 2018
Sold by
Hjo Ranch Llc
Bought by
Vanrossun Clinton Cliffiord and Vanrossun Isabel Franziska

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2014
Sold by
T2l Investments Ltd
Bought by
Hjo Ranch Llc

Purchase Details

Closed on
Sep 21, 2007
Sold by
Freeman Lewis and Freeman Frances
Bought by
T2l Investments Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.63%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Pratt Aycock Ltd
Warranty Deed -- Austin Title Company
Vendors Lien -- Capital Title
Warranty Deed -- None Available
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Previous Owner $590,000 Future Advance Clause Open End Mortgage
Previous Owner $637,500 New Conventional
Previous Owner $375,000 No Value Available
Previous Owner $375,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Price Changed $4,926,500 -8.3% $2,809 / Sq Ft
03/03/2025 03/03/25 Price Changed $5,369,548 -5.4% $3,061 / Sq Ft
10/18/2024 10/18/24 For Sale $5,678,000 +28.3% $3,237 / Sq Ft
03/30/2022 03/30/22 Off Market -- -- --
03/29/2022 03/29/22 Sold -- -- --
01/31/2022 01/31/22 Pending -- -- --
11/30/2021 11/30/21 For Sale $4,424,000 -- $4,096 / Sq Ft
Source: Central Texas MLS (CTXMLS)

Tax History Compared to Growth

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
2024 $64 $409,380 $27,070 $382,310
2023 $6,288 $432,030 $41,790 $390,240
2022 $27,086 $1,586,220 $1,236,300 $349,920
2021 $3,575 $189,730 $29,780 $159,950
2020 $3,533 $172,430 $26,720 $145,710
2019 $3,368 $164,400 $26,250 $138,150
2018 $2,354 $109,390 $23,920 $85,470
2017 $2,216 $102,970 $20,340 $82,630
2016 $2,173 $100,970 $19,900 $81,070
2015 -- $99,490 $19,530 $79,960
2014 -- $8,730 $8,730 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Texas MLS (CTXMLS)

MLS Number: 457774

Central Texas MLS (CTXMLS)

APN: 15523