Active Listing  ·  16 days on market

1202 Thorpe Ln #315

San Marcos, TX 78666
$215,000
2 Bed 2 Bath 1,230 sqft $175/sqft Built 1984 3.97 acres Pool Village At Springtown Condos

Owner Finance Possible • Low Interest • Move-In Ready•Covered Parking Space

Welcome to this exceptional 2 bed, 2 bath condominium—one of only four bungalows in the community, meaning no neighbors living above or below you. Enjoy the largest floor plan in the complex with a spacious layout and comfortable living spaces.

This home is just completed remodeled freshly updated bathrooms and a brand-new kitchen.

Perfectly located in one of San Marcos’s most desirable communities, you’re within walking distance to:

banks

stores

restaurants

gas stations

You’re also just:

2 minutes to HEB

5 minutes to Texas State University

Convenient nearby bus loops make commuting easy.

Outdoor Living

Both bedrooms offer access to a generous patio, creating a relaxing outdoor retreat—ideal for morning coffee or unwinding after a long day.

Community Amenities

The complex is well maintained, and residents enjoy access to a community pool for year-round relaxation and fun.

Contact me today to ask about flexible owner-finance terms and low-interest options. Don’t miss your chance to own a beautifully updated, ideally located home in the heart of San Marcos—comfort and convenience all in one.

At $175/sqft, this home is 24% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1202 Thorpe Ln #315, San Marcos, TX 78666

Property Details

Price $215,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,230 sqft
Lot Size 3.97 acres (172,928.84 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Village At Springtown Condos
County Hays
Zip Code 78666
$/sqft $175/sqft
Days on Market ,
HOA $298.06/Monthly
Annual Tax Est. $4,754.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241335603
List Date July 29, 2026
Elementary School Crockett
Middle School Miller
High School San Marcos
School District ,

Luke Allen (TREC #788149) has deep knowledge of San Marcos and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
217 Teron Dr
El Camino Real Ph 2 Sec 3
$215,000 $185 3 bd / 2 ba 1,160 sqft , 2026-05-03
113 Clovis Cv
Cottonwood Crk Ph 4 Un 1
$215,000 $178 3 bd / 2 ba 1,206 sqft , 2026-06-18
1202 Thorpe Ln #406D
Village At Springtown Condos
$215,000 $197 2 bd / 2 ba 1,091 sqft , 2026-07-16
1616 Iron Truss Rd
River Bridge Ranch
$216,999 $146 3 bd / 2 ba 1,484 sqft , 2026-07-21
420 Spiny Lizard Ln
Trace Sub Sec A Pa 1A Ph A-2
$211,900 $207 2 bd / 2 ba 1,026 sqft , 2026-04-05

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,032/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$43,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (~2.1% TX avg)−$376
Insurance (~0.5%)−$90
Est. Monthly Cash Flow $-607

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near San Marcos, TX

San Marcos sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →