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$650,000
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Property Description
Located in the heart of the Historic District in downtown Smithville, this beautifully restored 1930s home blends timeless character with the comfort and quality of modern construction. Purchased in 2020 and extensively rebuilt by the current owner, the home preserves its original charm while living like a brand-new residence. Thoughtfully updated throughout, the property features new siding and exterior paint, all-new Marvin double-hung windows with custom screens, upgraded electrical systems, and completely new plumbing, lighting, and interior finishes. White oak flooring runs throughout the first floor, complemented by custom cabinetry and a beautifully updated kitchen featuring stainless KitchenAid appliances. The detached garage was completely rebuilt and offers abundant storage along with a 50-amp outlet ready for electric vehicle charging. Adding even more versatility and value, the property also includes a stunning oversized one-bedroom, one-bath apartment with a full kitchen and living area - ideal for guests, rental income, or a private home office setup.
Full Property Details
Full Property Details for 506 Gresham St
General
- Price: $650,000
- Taxes: $8,736 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3367423
- Updated: 5/25/2026
- Added to Site: 50 day(s) ago
Interior
- Interior Features: Cedar Closet(s), Ceiling Fan(s), Double Vanity, Interior Steps, Multiple Living Areas, Open Floorplan, Pantry, Quartz Counters, Storage, Track Lighting, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Gas
- Appliances: Dishwasher, Electric Cooktop, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Disposal, Gas Oven, Gas Range, Gas Water Heater, Stainless Steel Appliance(s), Tankless Water Heater, Vented Exhaust Fan
- Flooring: Laminate, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry Room, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Dog Park, Fishing, Lake, Playground, Park
- Security/Safety: Security System Owned
Exterior
- Exterior Features: Rain Gutters
- Porch/Patio/Deck: Covered, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Detached, Garage Faces Side
Location
- Area: SV
- County: Bastrop
- Subdivision: Burleson
- Driving Directions: Head southeast on TX-71 E toward Hill Rd. Take the TX-230 Loop exit. Turn right onto TX-230 Loop W. Then turn right onto Gresham St. House will then be on your right hand side at the corner of 6th St. and Gresham St.
- Direction Faces: West
School Information
- Elem School District: Smithville ISD
- Midd School District: Smithville ISD
- High School District: Smithville ISD
- Elementary School: Brown Primary
- Middle School: Smithville
- High School: Smithville
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
- Heating Type: Central, Fireplace(s), Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Frame, HardiPlank Type
- Roof: Metal
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Screens
- Stories/Levels: 2
- Square Feet: 3,176
- Sq. Ft. Source: Public Records
- Living Area: 3,176 Sq. Ft.
- Year Built: 1936
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: Garage(s), Garage Apartment, Guest House, Living Quarters, Storage
Lot Features
- Lot Size (Acres): 0.193
- Lot Size (Sq. Ft.): 8,407.08
- Fence: Yes
- Lot Features: Alley, Corner Lot, City Lot, Front Yard, Landscaped, Level, Sprinklers Automatic, Sprinklers In Ground, Trees Large Size
- Fencing (Description): Back Yard, Partial, Wood
Financial Considerations
- Assessment Amount: $413,999
- Tax Amount: $8,736.25
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: BURLESON, BLOCK 8, LOT 1
- Disclosures/Reports: Lead Based Paint Disclosure, Seller Disclosure
- Property ID: 21909
- Block: 8
- Lot Number: 1
Listed by Moreland Properties
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Schools
Schools serving 506 Gresham St
School District:Smithville Independent School District
| Name | Grades | Distance |
|---|---|---|
Smithville Elementary School 800 Bishop Street, Smithville, TX 78957 | 3-5 | 0.4 mi |
Brown Primary School 403 Southwest 4th Street, Smithville, TX 78957 | PK-2 | 0.7 mi |
Smithville J High School 287 State Highway 95, Smithville, TX 78957 | 6-8 | 1.1 mi |
Smithville High School 285 State Highway 95, Smithville, TX 78957 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 Gresham St
Date
Details
Price
Change
Source
5/25/2026
Listed
$650,000
—
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 506 Gresham St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,238
-17%
$413,999
-13%
2023
$7,480
100%
$478,567
-14%
2023
-100%
$553,962
48%
2021
$8,504
7%
$374,403
-16%
2022
$7,967
—
$446,950
36%
2020
$7,935
-8%
$327,979
-5%
2019
$8,626
—
$346,786
11%
2019
$8,626
25%
$312,752
14%
2017
$6,886
73%
$273,389
33%
2016
$3,972
5%
$205,919
5%
2014
$3,769
—
$195,372
—
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 506 Gresham St
506 Gresham Street, Smithville, TX 78957 (MLS# 3367423) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 506 Gresham Street is currently listed for $650,000 and was received on May 25, 2026. Want to learn more about 506 Gresham Street? Do you have questions about finding other Single Family real estate for sale in Smithville? You can browse all Smithville real estate or contact a Coldwell Banker agent to request more information.

