#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
2 bed, 1 bath, 1,036 sqft on 0.54 acres in Building Blk. Bastrop, TX 78602. $165,000. Bastrop ISD.
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
1 record on file
Every recorded listing, sale, and lease at 502 Martin Luther King Jr DR, whoever represented it.
Verified property facts
502 Martin Luther King Jr DR is listed at $165,000 with 2 bedrooms, 1 full bathrooms, 1,036 square feet, 0.54-acre lot.
502 Martin Luther King Jr DR is zoned for Bastrop ISD with assigned schools: Bluebonnet (Bastrop ISD) (elementary), Bastrop (middle), Bastrop (high). School assignments should be verified directly with the district.
502 Martin Luther King Jr DR is a Residential built in 1905 featuring 2 bedrooms, 1 full bathrooms, 1,036 square feet, 0.54-acre lot.
502 Martin Luther King Jr DR is listed by Beycome Brokerage Realty LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 25, 2026.
502 Martin Luther King Jr DR is priced at $159 per square foot across 1,036 sqft.
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Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-11.0% | — | $78,824 | $54,886 | $23,938 |
2025 | — | $88,520 | $62,814 | $25,706 |
Bastrop ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($33K)
Adjustable assumption - not a lending recommendation.
$165,000
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A sourced read on Building Blk pricing, timing, and property scale. No automated valuation claim.
List price
$165,000
Price per sqft
$159/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
134 days
Original to current
$35K reduction
$200K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 25, 2026.
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The most recent annual property tax for 502 Martin Luther King Jr DR is $6,800. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 502 Martin Luther King Jr DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 25, 2026, 502 Martin Luther King Jr DR is offered at $165,000. The current MLS snapshot shows 321 active listings in 78602. Keenan Group has completed 2 verified transactions in 78602 within its 1,000+ completed transactions and $1B+ career volume across Austin.
502 Martin Luther King Jr DR was built in 1905 (121 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
8 events on record
Current Price
$165,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-11.0% | — | $78,824 | $54,886 | $23,938 |
2025 | — | $88,520 | $62,814 | $25,706 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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