18700 San Marcos Hwy Martindale, TX 78655
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About this home
This extraordinary 4.89-acre property in Martindale, just outside of San Marcos, is perfect for investors, homesteaders, and those seeking a versatile, mixed-use development opportunity. With potential for residential, commercial, and agricultural projects, this property is a canvas ready for your vision. The property features mixed-use zoning, ideal for a tiny homes community, producer's market, café, B&B, or multiple businesses. The main house offers approximately 2,679 square feet of living space with updated appliances and a recently updated HVAC system. There are also two smaller homes that were renovated in 2019, including a 448-square-foot one-bedroom guest house that was previously used as an Airbnb, and a 260-square-foot bunkhouse that could be used as guest quarters, an office, or studio. Currently, an RV on the property is being rented out, providing an additional income opportunity. Extensive facilities include a 30x48 workshop for various projects, an 8-stall horse barn with a tack room, and an additional 18x30 workshop attached. The property is a gardener’s paradise with mature pecan, black walnut, fig, and other fruit trees, supported by multiple water sources and an irrigation system for year-round gardening. This property offers excellent investment potential with opportunities for subdivision and development. It is conveniently located near the San Marcos Outlets, local dining, and outdoor recreation such as Don’s Fish Camp. Whether you're looking to create a vibrant community space with rental booths, a café, B&B, or a venue like a Martindale hitching hall, this property provides the space and flexibility to bring your vision to life. Experience the tranquility of country living with easy access to city amenities. Don’t miss this chance to create something truly special.
Source: ACTRIS #4219243
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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