This home is under contract and no longer accepting offers. The price below is the last listed price, kept for reference only — if the deal falls through it may return to the market.
1148 Old Nails Creek RD, Giddings TX 78942
MLS #238986387 · All City Real Estate Ltd. Co · Laura Wiggins
About this home
**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.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1962
- Full baths
- 1
- Lot size
- 0.6
- Subdivision
- A267 REID, S. H.
- MLS area
- LC
- MLS #
- 238986387
Features
Interior features
- Primary Bedroom on Main
Exterior features
- Gutters Partial
Additional details
- Parking
- Covered, Detached, Garage, Garage Faces Front
- Garage spaces
- 2
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Annual tax
- $409
Location
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Schools
Assigned schools per the MLS.
- School district
- Giddings ISD
- Elementary
- Giddings
- Middle
- Giddings
- High
- Giddings
Market insights
Compared with 45 active homes in ZIP 78942 · HomeLocating listings
At $90,000, this home is priced 73% below the $339,000 median across 45 active homes in ZIP 78942.
Estimated monthly payment
Home price
$90,000
Down payment
20% ($18,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of All City Real Estate Ltd. Co · Laura Wiggins
Listing data last updated Aug 21, 2026, 5:46 PM
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