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Active
    • $199,999

    502 Martin Luther King Jr Dr, Bastrop, TX 78602

    2beds
    1,036sqft
    : 
    $1,557/mo
    Get pre-qualified
    Single Family Residence
    Built in 1905
    0.54 Acres Lot
    $-- Zestimate®
    $193/sqft
    $-- HOA

    What's special

    Flat usable lot
    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
    86 days
    |
    304
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Steve Koleno (804) 656-5007,

    Beycome Brokerage Realty LLC (804) 656-5007

    Source: Unlock MLS,MLS#: 3456787MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Level: First
      Bedroom
      • Level: Main
      Bathroom
      • Level: Main
      Kitchen
      • Level: Main
      Heating
      • None
      Cooling
      • None
      Appliances
      • Included: None
      Features
      • None
      • Flooring: Wood
      • Windows: Wood Frames
      Interior area
      • Total interior livable area: 1,036 sqft

      Property

      Parking
      • Parking features: None
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: None
      • Exterior features: None
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: None
      • Waterfront features: None
      Lot
      • Size: 0.54 Acres
      • Features: Corner Lot
      Details
      • Additional structures: None
      • Parcel number: 35745
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Raised
      • Roof: Aluminum
      Condition
      • Tear Down
      • New construction: No
      • Year built: 1905

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: None
      • Subdivision: Building Blk
      HOA
      • Has HOA: No
      Location
      • Region: Bastrop

      Financial & listing details

      • Price per square foot: $193/sqft
      • Tax assessed value: $11,877
      • Annual tax amount: $6,800
      • Date on market: 5/14/2026
      • Listing terms: Cash
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/12/2026Listed for sale$199,999$193/sqft
        Source: Unlock MLS #3456787 Report a problem
        6/4/2026Pending sale$199,999$193/sqft
        Source: Unlock MLS #3456787 Report a problem
        5/14/2026Listed for sale$199,999$193/sqft
        Source: Unlock MLS #3456787 Report a problem
        1/11/2018Sold--
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$201 +13.6%$10,801 +20%
        2024$177 +20.4%$9,001 +20%
        2023$147 -9.7%$7,501
        2022$163 $7,501 +50%
        2021-- $5,001
        2020$123 -42.2%$5,001 -39%
        2018$213 $8,200
        2017$213 -0.4%$8,200
        2016$214 +31.8%$8,200
        2015$162 $8,200 +33.3%
        2014$162 $6,150
        2013-- $6,150
        2011-- $6,150
        2010-- $6,150
        2009-- $6,150 +100%
        2008-- $3,075
        2007-- $3,075
        2006-- $3,075
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 78602

        Getting around

        39 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bluebonnet (Bastrop ISD)
        • Middle: Bastrop
        • High: Bastrop
        • District: Bastrop ISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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