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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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1148 Old Nails Creek Rd , Giddings, TX 78942
$90,000
Est. Payment: $461.60/mo
1 Bed
1 Bath
942 Sqft
Status: active with contingency | Days on site: 176
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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Jeannette Spinelli
Broker Associate & Founder

House Description

**Investor opportunity with exceptional upside!** Situated on more than 0.6 acres inside the Giddings city limits, this property offers the infrastructure and flexibility investors are looking for, including city water, sewer, electricity, and a 24' x 30' detached two-car garage/workshop complete with an office and bathroom. The existing home is being sold **as-is** and is ready for renovation, making it an ideal fix-and-flip, long-term rental, or value-add investment. The spacious, fenced lot with mature trees provides ample room for future improvements, additional outdoor amenities, or redevelopment, subject to applicable city requirements. An adjacent lot with a separate tax ID is also available for purchase, creating the opportunity to expand your investment footprint or pursue additional development potential. Purchase both properties together and receive **$5,000 off each property** for a total savings of **$10,000**. **Can't quite see the potential?** The listing includes AI-generated concept images to help illustrate what this property could look like after renovation and staging. Compare the current condition with inspiring design concepts and discover the possibilities this diamond in the rough has to offer. The renderings are provided for visualization purposes only and do not represent the property's current condition or guarantee future results. Properties offering this combination of in-town acreage, existing utilities, a versatile workshop, and room to add value are becoming increasingly difficult to find. Whether you're an investor, builder, or entrepreneur, this is your opportunity to bring your vision to life. Buyer to verify all information, including square footage, lot size, utilities, restrictions, zoning, and intended use.

Highlights

Listed by Laura Wiggins , (361) 785-2700 All City Real Estate Ltd. Co , (866) 277-6005. Austin MLS mls logo

Property Type

Residential

Lot/Acreage
0.6

Year Built

1962

County

Lee

Area

LC

Neighborhood

A267 Reid, S. H.

School District

Giddings ISD

Listing ID

7886609

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:1
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Electric Range, Gas Water Heater, Refrigerator
Floor:Linoleum,Wood
Other:
  • Additional:Main Level Primary
Water:Public

Exterior Features

Lot:Back Yard,Front Yard,Few Trees
Roof:Shingle
Others:
  • Additional:Rain Gutters, Resale
Sewer:Public Sewer
Parking Features:Covered,Detached,Garage Faces Front,Garage
Principal Interest
$462
Taxes
$34

Home Price

$90,000

Loan Details

30 yrs
6.637%

Down Payment

20%
$18,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$461.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $461.60 $34.09 $0.00 $495.69
Yearly $5,539.14 $409.11 $0.00 $5,948.25
Total $166,174.32 $12,273.30 $0.00 $178,447.62

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Giddings, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Spinelli Residential Group | KW - Austin Portfolio Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Austin MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-09-03T02:23:53.000Z

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