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197 Mustang St, Prairie Lea, TX, 78661

2beds
1baths
1,283sqft
$280,000
$218price/sqft
$2,196/moest. monthly cost
$87,840/yrincome needed

About This Home

A great older home, with a short drive to Austin, Luling, Lockhart, or San Marcos. One of the largest oak trees in the front yard you will ever see. Nice fenced yard space in the back yard, with a large storage/workspace building.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

1/10
Prairie Lea SchoolGrades PK-120.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1950

Materials

  • Foundation: Combination
  • Roof: Composition,Shingle
  • Construction materials: Board & Batten Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Range,Some Gas Appliances,Range
  • Laundry features: Electric Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • All Bedrooms Down,Ceiling Fan(s),Tub Shower,Kitchen Island,Pantry
  • Flooring: Hardwood
  • Fireplace features: None
  • Attic: Access Only

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total interior livable area: 1,283 sqft

Property

Details

  • Parcel number: 26443

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: None
  • Fencing: Back Yard
  • Has view: Yes
  • View description: None
  • Waterbody name: None

Lot

  • Lot size: 0.35 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Drought
Hail
Inland Flooding
Strong Wind
Tornado
Cold Wave
Heat Wave
Lightning
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,415$16,980
Home Insurance *$201$2,412
Property Taxes $342$4,104
Electricity $238$2,859
Total$2,196$26,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,291/yr
40% on housing$65,880/yr
45% on housing$58,560/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.7%
5.7%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 9.3%
9.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$218This listing

vs Other Active Listings

Avg $/sqft

ZIP 78661$128
Caldwell County$321

vs Homes Sold Last Month

Median $/sqft

ZIP 78661$222
Caldwell County$153

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-08-01Listed for sale$280,000
2024-12-31Listing removed$270,000
2024-12-10Price change$270,000
2024-11-12Listing removed$1,950
2024-07-30Listed for sale$299,000
2024-07-15Price change$1,950
2024-07-07Listed for rent$1,999
2024-07-01Listing removed--
2024-06-06Price change$1,999
2024-04-11Listed for rent$2,400
2023-09-27Listing removed--
2023-08-17Contingent$274,900
2023-06-09Price change$274,900
2023-04-28Price change$279,900
2023-04-14Listed for sale$285,000

For Sale by Agent

AgentLarry Anderson
BrokerageExit 4 Texas

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