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ActiveMLS #4928165

508 Franklin DR, San Marcos TX 78666

San Marcos, TX 78666 · Oak Heights

Single Family Residence for sale in Oak Heights

3Bedrooms
2Bathrooms
1,262Square Ft
0.38Acres
2Garage
1965Year Built
1 / 28
$275,000
3D tour

Overview

Property Description

Charming and centrally located, this 3-bedroom, 2-bath home offers a rare opportunity just minutes from the heart of San Marcos. Built in 1965 and situated on an oversized .38-acre lot shaded by mature trees, this 1,262-square-foot home combines character, convenience, and investment potential. Enjoy an unbeatable location just three blocks from Texas State University and steps from the Texas State bus route, making commuting a breeze. Grab your morning coffee at a popular local coffee shop just one block away, or take advantage of the nearby shopping, dining, and entertainment options that make San Marcos such a desirable place to live. The spacious lot provides plenty of room for outdoor living, gardening, or future improvements, while the mature trees create a peaceful setting rarely found this close to campus. Whether you're looking for a primary residence, rental property, or investment opportunity, this home offers exceptional value in a prime location. Don't miss your chance to own a piece of San Marcos in one of the city's most convenient and established areas!

Financial Info
Price
$275,000
$ / Sqft
$218
HOA
None
Tax Rate
2.07%
Est. Taxes
$6,381
Tax Year
2025
Exemptions
None
Legal Info
Address
508 Franklin DR
County
Hays
City
San Marcos
State
TX
Zip
78666
Subdivision
Oak Heights
Legal Description
OAK HEIGHTS, BLOCK 2, LOT 5
Parcel
1158200200005003
Interior Features
Floor
Tile, Vinyl
Num Living
1
Dining
1
Kitchen
Granite Counters, Pantry
Appliances
Dishwasher, Disposal, Range, Refrigerator
Laundry
In Garage, Laundry Room
Master Main
Yes
Interior Features
Ceiling Fan(s), Granite Counters, Electric Dryer Hookup, Entrance Foyer, Pantry, Washer Hookup, None, Blinds
General Info
Beds
3 Total / 3 Main Level
Full / Half Baths
2 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
1
Year Built
1965 / Resale
Square Feet
1,262 / Public Records
Garages
2
Garage Desc
Driveway, Garage
Foundation
Slab
Roof
Shingle
Construction
Shake Siding, Stone
Acres
0.38
Lot Description
Back Yard, Front Yard, Level, Trees-Moderate
Restrictions
See Remarks
Flood Plain
No
View
Neighborhood
Water Access
No
Waterfront
No
Area
HS
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Connected, Internet-Cable, Phone Available, Sewer Connected, Water Connected
Heat
Central
A C
Ceiling Fan(s), Central Air, Electric
Exterior Features
Fence
Back Yard, Chain Link
Exterior Features
Private Yard, Patio, Porch
Pool On Property
No
Area Amenities
None

Price history

Days on market
$275,000
List price
0
Price reductions
Active
Since Oct 21, 2026
Property history1 event
DateEventPriceChange
Oct 21, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
SanMarcosCONSISD
Elementary
Crockett
Middle
Miller
High
San Marcos

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $275,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$2,152 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $2,152

Principal & interest
$1,391
Property taxes
$532
Homeowners insurance
$229

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$220,000$2,459$14,228$217,541
2$217,541$2,624$14,063$214,917
3$214,917$2,799$13,887$212,118
4$212,118$2,987$13,700$209,131
5$209,131$3,187$13,500$205,944
6$205,944$3,400$13,286$202,544
7$202,544$3,628$13,059$198,916
8$198,916$3,871$12,816$195,045
9$195,045$4,130$12,556$190,914
10$190,914$4,407$12,280$186,507
  • Year 1$217,541
    Principal paid
    $2,459
    Interest paid
    $14,228
    Starting balance
    $220,000
  • Year 2$214,917
    Principal paid
    $2,624
    Interest paid
    $14,063
    Starting balance
    $217,541
  • Year 3$212,118
    Principal paid
    $2,799
    Interest paid
    $13,887
    Starting balance
    $214,917
  • Year 4$209,131
    Principal paid
    $2,987
    Interest paid
    $13,700
    Starting balance
    $212,118
  • Year 5$205,944
    Principal paid
    $3,187
    Interest paid
    $13,500
    Starting balance
    $209,131
  • Year 6$202,544
    Principal paid
    $3,400
    Interest paid
    $13,286
    Starting balance
    $205,944
  • Year 7$198,916
    Principal paid
    $3,628
    Interest paid
    $13,059
    Starting balance
    $202,544
  • Year 8$195,045
    Principal paid
    $3,871
    Interest paid
    $12,816
    Starting balance
    $198,916
  • Year 9$190,914
    Principal paid
    $4,130
    Interest paid
    $12,556
    Starting balance
    $195,045
  • Year 10$186,507
    Principal paid
    $4,407
    Interest paid
    $12,280
    Starting balance
    $190,914
First 10 of 30 years

Nearby

Courtesy of Keller Williams Realty · (512) 448-4111

Listings courtesy of ACTRIS as distributed by MLS GRID.