Price Reduction
Address
502 Martin Luther King Jr Dr, Bastrop, TX
Price
$ 165,000
Property Attributes
- MLS#3456787
- TypeSingle Family
- Listing Status Active
- CountyBASTROP
- CityBastrop
- AreaBA
- NeighborhoodBuilding Blk
- Zip78602
- StyleSingle Family Residence
- Year Built1905
- Taxes$ 6800
- Price$ 165,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1036
- Lot Size0.54 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
Prime 0.50-acre infill site positioned along Martin Luther King Jr Dr with strong visibility and direct access to major transportation corridors. Located in a high-growth Bastrop submarket, this property presents a compelling value-add opportunity through rezoning and redevelopment. The site includes an older residential structure; however, the highest and best use is commercial or mixed-use development. Investment Highlights 0.50 Acres (21,780 SF) High-visibility location with strong traffic exposure Strategic positioning near major highway access Flat, usable lot with development potential Existing structure (tear-down or repurpose) Utilities available in the area Located in the path of growth in Bastrop
| Elementary School | Middle School | High School |
|---|---|---|
| Bluebonnet (Bastrop ISD) Elementary School | Bastrop Middle School | Bastrop High School |
| Price History | |
|---|---|
| 5/14/2026 | Listed $199,999 |
| 8/9/2026 | 8$185,000 |
| 8/13/2026 | 6$175,000 |
| 9/14/2026 | 6$165,000 |
General Features
| Living Area | 1036 |
|---|---|
| Sewer | Public Sewer |
| Heating | None |
| Cooling | None |
| Utilities | Electricity Available |
| Roof | Aluminum |
| Appliances | None |
| Patio/Porch Features | None |
| Pool Features | None |
| Construction Materials | Other |
| Year Built | 1905 |
| View | None |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Waterfront Features | None |
| Community Features | None |
| Accessibility | None |
| County | Bastrop |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Energy Efficient | None |
| Subdivision Name | Building Blk |
| Facing Direction | East |
| Green Sustainability | None |
| Other Structures | None |
| Full Baths | 1 |
| Status | Active |
| Directions | Drive east on Chestnut St/Loop 150. Right to Martin Luther King Jr Drive. Property is on the right. |
| High School | Bastrop |
| City | Bastrop |
| Disclosures | None |
| MLS Area | BA |
| Lot Size Square Feet | 23522.4 |
| Elementary School | Bluebonnet (Bastrop ISD) |
| Tax Annual Amount | 6800 |
| Middle/Junior High School | Bastrop |
| Property Condition | Tear Down |
| Standard Status | Active |
| Year Built Source | Owner |
| Tax Assessed Value | 270482 |
Interior Features
| Interior Amenities | None |
|---|---|
| Flooring | Wood |
| Window Features | Wood Frames |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Public Records |
| Total Baths | 1 |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Fencing | None |
| Parking Features | None |
| Lot Features | Corner Lot |
| Water Source | Public |
| Total Parking | 1 |
| Foundation Details | Raised |
| Lot Size Acres | 0.54 |
| Waterfront Y/N | No |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78602
Price
Taxes
Year Built
Visits
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