5501 Old Colony Line Rd Lockhart, TX 78644
Estimated payment $27,791/month
Highlights
- Horse Facilities
- Horses Allowed On Property
- Waterfront
- Barn
- Lake View
- 167.8 Acre Lot
About This Home
Discover this sprawling 167-acre property located just 11 miles outside the growing city of Lockhart. Situated beyond the city limits with minimal county restrictions, this expansive tract offers endless possibilities for residential development, investment, or country living. The property is part of Aqua Water Supply Company's service area, with power already available on-site. The majority of the land is cleared, drivable, and fully fenced, offering multiple possibilities for use. A charming log cabin homestead and horse barn are nestled nearby, providing a serene country retreat. The property also features several tanks, including a large pond spanning over a couple of acres, perfect for livestock or recreational use. With an agricultural exemption already in place, you can enjoy the benefits of rural living with potential tax advantages.As commercial and residential growth continues to thrive in Lockhart and its surrounding areas, this property represents a prime opportunity to capitalize on the momentum. Whether you envision a development project, an investment for the future, or a peaceful escape, this property is your gateway to endless potential.
Listing Agent
All City Real Estate Ltd. Co Brokerage Phone: (866) 277-6005 License #0690734 Listed on: 10/18/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,368
Year Built
- Built in 2012
Lot Details
- 167.8 Acre Lot
- Waterfront
- Perimeter Fence
Home Design
- Hill Country Architecture
- Log Cabin
- Metal Roof
Interior Spaces
- 1,754 Sq Ft Home
- Property has 1 Level
- Living Room with Fireplace
- Inside Utility
- Lake Views
Kitchen
- Open to Family Room
- Kitchen Island
Additional Features
- Porch
- Barn
- Horses Allowed On Property
Community Details
- Horse Facilities
Listing and Financial Details
- Assessor Parcel Number 15523
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
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: Central Texas MLS (CTXMLS)
MLS Number: 559584
APN: 15523
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Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
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