4 bed, 2 bath, 2,511 sqft on 0.21 acres in Bastrop. Bastrop, TX 78602. $499,000. Bastrop ISD.
About This Home
Experience small-town Texas charm with easy access to Austin in this fully-renovated, move-in ready patio home located in Downtown Bastrop. Updated top to bottom with new flooring, paint, lighting, fixtures, appliances, A/C systems, durable metal roof, and privacy fence, this rare 4-bed, 2 1/2-bath home offers walkability to Main Street shops, Fisherman's Park, Bastrop High School, and Mina Elementary. The main-level primary suite includes dual sink vanity, frameless shower, soaking tub and three closets, while the kitchen features new cabinets with quartz countertops, a center island, and an open layout into the great room. With two living areas, two fireplaces, a 2-car garage, and mature pecan trees, this is a turnkey opportunity in a highly desirable area. Note that currently there is no homestead exemption applied to this home, so taxes will be substantially reduced when this house is used as a homestead.
- Property Type
- Residential
- Year Built
- 1983
- Lot Size
- 0.21 acres
- Price / Sq Ft
- $199
- Garage
- 2 spaces
Listing information last updated October 5, 2026.
Listed by Schiff Real Estate
MLS# 5188624 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Ceiling-Vaulted
- Central Vacuum
- Chandelier
- Quartz Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Interior Steps
- Kitchen Island
- Low Flow Plumbing Fixtures
- Multiple Living Areas
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Smart Thermostat
- Soaking Tub
- Two Primary Closets
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Electric Range
- Microwave
- Plumbed For Ice Maker
- Vented Exhaust Fan
- Carpet
- Vinyl
- Heating
- Central,Fireplace(s),Natural Gas
- Cooling
- Ceiling Fan(s),Central Air,Exhaust Fan,Gas
- Fireplaces
- 2
Exterior & Lot
- Gutters Full
- Lighting
- No Exterior Steps
- Brick
- Wood Siding
- Few Trees
- Subdivided
- Trees-Large (Over 40 Ft)
- Slab
- Patio
- Roof
- Metal
- Lot Size
- 0.21 Acres
- Garage
- Garage Door Opener
- Garage Spaces
- 2
Financial
- Original List Price
- $699,000
- Price per Sq Ft
- $199
Utilities
- Electricity Connected
- High Speed Internet
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 503 Elm ST, whoever represented it.
- ActiveListed 2025Current price: $499,000Original list: $699,000MLS 5188624
- Price changed · March 20, 2026$549,000
- Price changed · August 5, 2026$529,000
- Price changed · October 5, 2026$499,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $499,000
- Original list
- $699,000
- Price movement
- $200K reduction
- Listed / DOM
- Jun 11, 2025 · 492 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $165,520
- Assessment Year
- 2025
- Parcel ID
- R-12-1600-0038-0003
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026+7.4% | — | $177,722 | $65,152 | $112,570 |
2025 | — | $165,520 | $46,000 | $139,047 |
Zoned Schools
Bastrop ISD
Bastrop
Riverside
Mina
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($100K)
Adjustable assumption - not a lending recommendation.
$499,000
Luxury property intelligence
Keenan Market Position
A sourced read on Bastrop pricing, timing, and property scale. No automated valuation claim.
List price
$499,000
Price per sqft
$199/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
492 days
Original to current
$200K reduction
$699K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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