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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Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
