Properties / Austin
11223 Tom Sassman Rd
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Beds
- 3
- Baths
- 2
- Square feet
- 1,264
- Year built
- 1985
- Lot
- 8.86 acres
Nearly 9 acres near US 183 and SH 45 with a 1985 home that needs significant renovation, a large workshop and a creek. Price has been cut five times, from $550,000 to $410,000.
Financials
From the listing
| Asking price | $410,000 | Reported · MLS reported |
| Original list price | $550,000 | Reported · MLS reported |
| Price per sq ft | $324 | Calculated |
| Reported rent | Not disclosed by the listing |
The pro forma appears once there is a price and a rent figure.
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Acreage with a fixer home
Strengths
- 8.86 acres for about $46,000 per acre
- Workshop on site
- Five price cuts since February 2026
Risks
- Home needs major renovation
- Creek may bring floodplain limits
- Well and septic
Catalysts
- Southeast Austin growth along SH 45 and SH 130
Due diligence still needed
- Check floodplain coverage of the creek
- Confirm zoning and whether it is in city limits
- Well and septic inspections
Realtix screening score
Not scored yet. A score appears once there is a price, size, year built and an income figure.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Map
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Sources
- Listing source
- LandSearch · MLS #ABOR 1939445
- Listing brokerage
- Keller Williams Lake Travis · Jon Wilke
- Last verified
- 2026-10-09
Updates
- 2026-10-09 Listing checked against the source.