404 N Milam Fredericksburg | 3.5 blocks to Main ST | Renovated & expanded | Luxury home or Potential BNB | Reduced from $1,130,000 to $950,000
Professionally renovated 1,008 SF 1915 home expanded into 3,040 SF luxury property. High end finishes. HGTV style kitchen. Large dining area. 5 ensuite bedrooms. Multiple outdoor living areas including 806 SF of porches and fire pit. Furnishings available. Selling as real estate. Large parking area. 61 Walk Score. 3.5 blocks from Main ST. Block Group has 58% lower crime index than Fredericksburg! Not in flood zone.
Investment profile: Operates as Boarding House 1915. BNB advance bookings and deposits convey. HouseCanary projects 5% increase in property value in next 12 months and 10.6% in next 36 months. In affluent and highly educated Northwest Fredericksburg. Northwest Fredericksburg has $1.8M AVG household (HH) net worth vs. $980K across Fredericksburg. Compared to Fredericksburg, Northwest Fredericksburg has: 54% higher $100K HH incomes, 71% higher $500K net worth HHs, 44% higher adults with at least an undergraduate degree.
Property Address: 404 N Milam ST, Fredericksburg, TX 78624
Property ID: 26385 Geographic ID: S1700-0010-000200 Legal Description: WALTER BLK 1 LOT 2-PT Subdivision: Walter Neighborhood: City Northwest
Improvements (3,040 HVAC SF): Main Area (built in 1915): 1,008 SF | 93.65 m2 Main Area (built in 2016): 1,456 SF | 135.27 m2 Main Area Half Story (no year built reported): 576 SF | 53.51 m2 Open Porch (built in 2016): 358 SF | 332.6 m2 Open Porch (built in 2016): 256 SF | 23.78 m2 Open Porch (no year built reported): 256 SF | 23.78 m2 Open Porch (built in 2016): 36 SF | 3.34 m2 Open Porch 2nd Story (built in 2016): 36 SF | 3.34 m2
Land: 0.2964 acres | 12,911 SF | 1,199.5 m2 | 0.1199 hectares* *SF, m2 & hectares estimates by SWPRE