517 First Street, Lexington TX 78947
Lexington, TX 78947 · A222
Single Family Residence for sale in A222
Overview
Property Description
Looking to moooooove to the country, eat BBQ til’ your hearts content and get a good look at where your beef comes from? If you want to be part of, not just see the Circle of Life, this place is for you! 2/2 - 1,481 sqft. home on 1.13 acres just down the street from world-famous Snow’s BBQ and sandwiched between Pop’s Lickin‘ and Smackin’ Barbecue and The Lexington Livestock Commission in Lexington, Texas. Built in 1937, a little worse for wear, but with some characteristic architectural details from that era still in place, this was home to the long-time mayor of Lexington, his wife and the three strapping boys they raised for more than 60 years. With a huge back yard, a barn and a set of pens for the boy’s show cattle and ropin’ horses, this property is a throwback to what a lot of “in town” properties in rural communities looked like way back when and is ideal for anyone who wants to keep a few head of livestock and everything that comes with that close to the house… Conveniently right off of the town square and within walking distance of all LISD campuses, the Post Office, City Hall, retail shopping and your choice of several fine churches. Perfect for when you want the convenience of living in town AND want to fall asleep listening to cattle low nearby!
Financial Info
- Price
- $174,999
- $ / Sqft
- $118
- HOA
- None
- Tax Rate
- 1.7486%
- Est. Taxes
- $4,348
- Tax Year
- 2025
- Exemptions
- None
Legal Info
- Address
- 517 First Street
- County
- Lee
- City
- Lexington
- State
- TX
- Zip
- 78947
- Subdivision
- A222
- Legal Description
- A222 MORROW, T., TRACT M079, ACRES 1.13
- Parcel
- 11932
Interior Features
- Floor
- Carpet, Linoleum, Tile
- Num Living
- 1
- Dining
- 1
- Kitchen
- Eat-in Kitchen
- Appliances
- None
- Laundry
- Laundry Room
- Master Bed
- Primary Bedroom on Main
- Master Main
- Yes
- Interior Features
- Built-in Features, Ceiling Fan(s), Laminate Counters, Electric Dryer Hookup, Eat-in Kitchen, Natural Woodwork, No Interior Steps, Primary Bedroom on Main, Storage, Washer Hookup, None, Aluminum Frames
General Info
- Beds
- 2 Total / 2 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1937 / Resale
- Square Feet
- 1,481 / Public Records
- Garages
- 1
- Garage Desc
- Additional Parking, Covered, Detached, Driveway, Garage, Garage Faces Front, Outside, Storage
- Foundation
- Pillar/Post/Pier
- Roof
- Metal
- Construction
- Frame, Stone Veneer
- Acres
- 1.13
- Lot Description
- Back Yard, Few Trees, Front Yard, Garden, Level, Public Maintained Road, Trees-Large (Over 40 Ft)
- Restrictions
- City Restrictions
- Flood Plain
- No
- View
- Neighborhood, Rural
- Water Access
- No
- Waterfront
- No
- Area
- LC
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Above Ground, Electricity Connected, Phone Available, Sewer Connected, Water Connected
- Heat
- Central
- A C
- Central Air
Exterior Features
- Fence
- Barbed Wire
- Exterior Features
- Exterior Steps, Garden, None
- Pool On Property
- No
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Feb 26, 2026 | Price Decrease | $174,999−$24,001 (−12.1%) | −$24,001 (−12.1%) |
| Dec 28, 2025 | Price Decrease | $199,000−$26,000 (−11.6%) | −$26,000 (−11.6%) |
| Oct 26, 2025 | New Listing | — |
Taxes
Schools
School Info
- District
- Lexington ISD
- Elementary
- Lexington
- Middle
- Lexington
- High
- Lexington
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$1,393 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $1,393
- Principal & interest
- $885
- Property taxes
- $362
- Homeowners insurance
- $146
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $139,999 | $1,565 | $9,054 | $138,434 | |
| 2 | $138,434 | $1,670 | $8,949 | $136,765 | |
| 3 | $136,765 | $1,781 | $8,837 | $134,983 | |
| 4 | $134,983 | $1,901 | $8,718 | $133,083 | |
| 5 | $133,083 | $2,028 | $8,591 | $131,055 | |
| 6 | $131,055 | $2,164 | $8,455 | $128,891 | |
| 7 | $128,891 | $2,309 | $8,310 | $126,582 | |
| 8 | $126,582 | $2,463 | $8,155 | $124,119 | |
| 9 | $124,119 | $2,628 | $7,990 | $121,490 | |
| 10 | $121,490 | $2,804 | $7,814 | $118,686 |
- Year 1$138,434
- Principal paid
- $1,565
- Interest paid
- $9,054
- Starting balance
- $139,999
- Year 2$136,765
- Principal paid
- $1,670
- Interest paid
- $8,949
- Starting balance
- $138,434
- Year 3$134,983
- Principal paid
- $1,781
- Interest paid
- $8,837
- Starting balance
- $136,765
- Year 4$133,083
- Principal paid
- $1,901
- Interest paid
- $8,718
- Starting balance
- $134,983
- Year 5$131,055
- Principal paid
- $2,028
- Interest paid
- $8,591
- Starting balance
- $133,083
- Year 6$128,891
- Principal paid
- $2,164
- Interest paid
- $8,455
- Starting balance
- $131,055
- Year 7$126,582
- Principal paid
- $2,309
- Interest paid
- $8,310
- Starting balance
- $128,891
- Year 8$124,119
- Principal paid
- $2,463
- Interest paid
- $8,155
- Starting balance
- $126,582
- Year 9$121,490
- Principal paid
- $2,628
- Interest paid
- $7,990
- Starting balance
- $124,119
- Year 10$118,686
- Principal paid
- $2,804
- Interest paid
- $7,814
- Starting balance
- $121,490
Nearby
Courtesy of Bexley Land & Cattle · (979) 773-4423
Listings courtesy of ACTRIS as distributed by MLS GRID.