517 Giddings ST, Lexington TX 78947
Lexington, TX 78947 · New Town Lexington
Single Family Residence for sale in New Town Lexington
Overview
Property Description
***$20,000 towards home repairs if under contract before July 31st!***Charming 100-year-old home on 2 acres in Lexington, TX — a true fixer-upper with tremendous potential. This property sits on nine separate lots, offering rare development or subdivision opportunities for an investor, or expansive outdoor space for a buyer who wants to restore historic character. The house needs remodeling, making it ideal for someone who wants to customize a vintage home or capitalize on the land value. Mature trees, generous yard space, and a peaceful small-town location add to the appeal. Just two streets away from texas famous Snows BBQ. Perfect for: DIY homeowners looking for a restoration project or investors seeking a subdividable parcel in a growing market. No restrictions. There is a drainage easment in place and the very back of the property is being upgraded to allow for better drainage. The back acre will be restored, grass will be planted, fence will be put back up long the entire perimeter and all equipment will be removed. All additional structure on the property will convey. The 2 red shed are newer and in good condition, the other 2 sheds and old outhouse are tear downs. the pole barn in the back is also a tear down.
Financial Info
- Price
- $245,000
- $ / Sqft
- $132
- HOA
- None
- Tax Rate
- 1.7486%
- Est. Taxes
- $2,800
- Tax Year
- 2025
- Exemptions
- None
Legal Info
- Address
- 517 Giddings ST
- County
- Lee
- City
- Lexington
- State
- TX
- Zip
- 78947
- Subdivision
- New Town Lexington
- Legal Description
- NEW TOWN LEXINGTON, BLOCK 16, LOT 3 THRU 5 & 11 THRU 14, & BLOCK 21, LOT 5, 6, 11 THRU 13, & N15' OF 4 & N15' OF 14
- Parcel
- 11805
Interior Features
- Floor
- Laminate, Vinyl
- Num Living
- 1
- Dining
- 1
- Appliances
- Dishwasher, Dryer, Gas Range, Oven, Refrigerator, Washer/Dryer, Electric Water Heater
- Laundry
- Laundry Room, Outside
- Master Main
- Yes
- Interior Features
- High Ceilings, None
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 1 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1925 / Resale
- Square Feet
- 1,859 / Public Records
- Garage Desc
- Gravel, Outside
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Construction
- Wood Siding
- Acres
- 2.09
- Lot Description
- Back Yard, Few Trees, Front Yard, Gentle Sloping, Open Lot, Trees-Large (Over 40 Ft)
- Restrictions
- None
- Flood Plain
- See Remarks
- View
- Neighborhood, Rural, Trees/Woods
- Water Access
- No
- Waterfront
- No
- Area
- LC
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Internet-Fiber, Natural Gas Connected, Water Connected
- Heat
- Natural Gas
- A C
- Ceiling Fan(s), Wall/Window Unit(s)
Exterior Features
- Fence
- Back Yard, Gate, Perimeter, Privacy, Wood
- Exterior Features
- None, Deck, Porch, Rear Porch
- Pool On Property
- No
- Area Amenities
- None
Rooms
First level
- Primary Bedroom
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 5, 2026 | Price Decrease | $245,000−$10,000 (−3.9%) | −$10,000 (−3.9%) |
| Jun 18, 2026 | Price Decrease | $255,000−$10,000 (−3.8%) | −$10,000 (−3.8%) |
| Apr 4, 2026 | 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
$1,676 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $1,676
- Principal & interest
- $1,239
- Property taxes
- $233
- Homeowners insurance
- $204
*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 | $196,000 | $2,191 | $12,675 | $193,809 | |
| 2 | $193,809 | $2,337 | $12,529 | $191,472 | |
| 3 | $191,472 | $2,494 | $12,372 | $188,978 | |
| 4 | $188,978 | $2,661 | $12,205 | $186,317 | |
| 5 | $186,317 | $2,839 | $12,027 | $183,478 | |
| 6 | $183,478 | $3,029 | $11,837 | $180,448 | |
| 7 | $180,448 | $3,232 | $11,634 | $177,216 | |
| 8 | $177,216 | $3,449 | $11,417 | $173,767 | |
| 9 | $173,767 | $3,680 | $11,187 | $170,087 | |
| 10 | $170,087 | $3,926 | $10,940 | $166,161 |
- Year 1$193,809
- Principal paid
- $2,191
- Interest paid
- $12,675
- Starting balance
- $196,000
- Year 2$191,472
- Principal paid
- $2,337
- Interest paid
- $12,529
- Starting balance
- $193,809
- Year 3$188,978
- Principal paid
- $2,494
- Interest paid
- $12,372
- Starting balance
- $191,472
- Year 4$186,317
- Principal paid
- $2,661
- Interest paid
- $12,205
- Starting balance
- $188,978
- Year 5$183,478
- Principal paid
- $2,839
- Interest paid
- $12,027
- Starting balance
- $186,317
- Year 6$180,448
- Principal paid
- $3,029
- Interest paid
- $11,837
- Starting balance
- $183,478
- Year 7$177,216
- Principal paid
- $3,232
- Interest paid
- $11,634
- Starting balance
- $180,448
- Year 8$173,767
- Principal paid
- $3,449
- Interest paid
- $11,417
- Starting balance
- $177,216
- Year 9$170,087
- Principal paid
- $3,680
- Interest paid
- $11,187
- Starting balance
- $173,767
- Year 10$166,161
- Principal paid
- $3,926
- Interest paid
- $10,940
- Starting balance
- $170,087
Nearby
Courtesy of Realty Texas LLC · (800) 660-1022
Listings courtesy of ACTRIS as distributed by MLS GRID.