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$569,000
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Property Description
Seller is offering up to $15,000 in Flex Cash (for seller paid closing cost credits or promotional interest rates.) 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. Seller open to contributing toward a 2-1 rate buydown or buyer closing costs. 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.
Full Property Details
Full Property Details for 503 Elm St
General
- Price: $569,000
- Taxes: $8,320 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 5188624
- Updated: 1/12/2026
- Added to Site: 219 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Chandelier, Central Vacuum, Double Vanity, Entrance Foyer, Eat-in Kitchen, Interior Steps, Kitchen Island, Low Flow Plumbing Fixtures, Multiple Living Areas, Main Level Primary, Multiple Closets, Open Floorplan, Quartz Counters, Recessed Lighting, Soaking Tub, Smart Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room, Living Room
- Appliances: Dishwasher, Electric Range, Disposal, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 1
Other Rooms
- Laundry: Main Level, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: None
- Spa Description: None
- Security/Safety: Security Lights
Exterior
- Exterior Features: Lighting, No Exterior Steps, Rain Gutters
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Garage, Garage Door Opener
Location
- Area: BA
- County: Bastrop
- Subdivision: Farm Lt
- Driving Directions: From Main Street, proceed westward on Cedar Street. Turn right at first stop sign which is Wilson Street. Turn first right onto Elm Street. House is first house on the right, note that the new address is 503 Elm Street after the subdivision process.
- Direction Faces: North
School Information
- Elem School District: Bastrop ISD
- Midd School District: Bastrop ISD
- High School District: Bastrop ISD
- Elementary School: Mina
- Middle School: Riverside
- High School: Bastrop
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Gas
- Heating Type: Central, Fireplace(s), Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Fiber Optic Available, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Wood Siding
- Roof: Metal
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Low-Emissivity Windows, Screens
- Stories/Levels: 2
- Square Feet: 2,511
- Sq. Ft. Source: Public Records
- Living Area: 2,511 Sq. Ft.
- Year Built: 1983
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.206
- Lot Size (Sq. Ft.): 8,973.36
- Lot Features: Subdivided, Few Trees, Trees Large Size
- Fencing (Description): None
Green Features
- Energy Efficient: HVAC, Windows
Financial Considerations
- Assessment Amount: $450,321
- Tax Amount: $8,320.03
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, Fannie Mae, Texas Vet, USDA Loan, VA Loan
Disclosures and Reports
- Special Conditions: See Remarks, Real Estate Owned
- Documents Avail.: See Remarks
- Multiple Parcels: Yes
- Legal Description: FARM LOT 3 W M ST, ACRES 0.206
- Disclosures/Reports: Other
- Bank-owned: Yes
- Property ID: 28167
- Block: 3
- Lot Number: 3
Listed by Schiff Real Estate
Get Pre-Approved Today
Schools
Schools serving 503 Elm St
School District:Bastrop Independent School District
| Name | Grades | Distance |
|---|---|---|
Mina Elementary School 1203 Hill Street, Bastrop, TX 78602 | PK-5 | 0.6 mi |
Bastrop Intermediate School 509 Old Austin Highway, Bastrop, TX 78602 | 6- | 0.9 mi |
Bastrop Middle School 725 Old Austin Highway, Bastrop, TX 78602 | 7-8 | 1.3 mi |
Bastrop High School 1614 Chambers Street, Bastrop, TX 78602 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 Elm St
Date
Details
Price
Change
Source
11/21/2025
Price Reduced
$569,000
-5.01%
MLS
6/23/2025
Price Reduced
$599,000
-14.31%
MLS
6/11/2025
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 503 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,610
—
$422,326
-6%
2023
$2,618
100%
$450,321
-3%
2023
-100%
$463,517
29%
2021
$4,652
—
$359,041
-20%
2022
$4,652
—
$448,275
28%
2020
$4,652
—
$350,866
8%
2019
$4,652
—
$324,873
10%
2019
$4,652
—
$295,339
10%
2017
$4,652
—
$268,490
10%
2016
$4,652
-9%
$244,082
10%
2014
$5,094
—
$221,893
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 Elm St
503 Elm Street, Bastrop, TX 78602 (MLS# 5188624) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 503 Elm Street is currently listed for $569,000 and was received on June 11, 2025. Want to learn more about 503 Elm Street? Do you have questions about finding other Single Family real estate for sale in Bastrop? You can browse all Bastrop real estate or contact a Coldwell Banker agent to request more information.

