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    Historic Italianate Estate Home Title is generated by Realmo AI

    350 North Madison St, La Grange, TX 78945

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    For Sale
    $925,000

    Residential (town-s/D),Farm,Historic - La Grange, TX

    Type:Farm
    Property size:
    3,972 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $232/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 350 North Madison St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport, Garage
    Exterior features
    Barn(s), Barns
    Fireplace
    1
    Standard status
    Active
    APN
    37760
    Size
    3,972 SF
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9430

    Utilities

    Heating system
    Central, Fireplace(s)

    Building Details

    Year built
    1894
    Year renovated
    1894
    Floors in Building
    2
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    George Clarke

    Listing agent George Clarke License #784218

    Listing office Bubela Real Estate 603 N. Main St, Schulenburg, TX

    Listing date Jun 2, 2026

    MLS# 156425 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1894, the Lenert House is a Recorded Texas Historic Landmark within the La Grange Historical District.
    • 2‑story home with 4 bedrooms and approx. 3,972 SF, featuring 3 fully remodeled bathrooms and a main‑floor primary suite with a large walk‑in closet.
    • Soaring 14‑foot ceilings with solid oak pocket doors and original/wood flooring including oak, Brazilian walnut, and original pine.
    • Fully remodeled kitchen with granite counters and stainless‑steel appliances, plus expansive window‑lined living and family rooms.
    • Dedicated office with custom floor‑to‑ceiling bookcases, along with 2 large inset porches and a large patio.
    • Set on a fully fenced 1.3‑acre estate with nearby fully enclosed detached 2‑car garage and barns; central heating and fireplace(s).

    Overview

    Built in 1894, this restored High Victorian Italianate estate blends 19th-century character with modern luxury. The two-story home is a Recorded Texas Historic Landmark and features 4 bedrooms and 3 fully remodeled bathrooms, including a main-floor primary suite with a large walk-in closet. Interior highlights include soaring 14-foot ceilings, solid oak pocket doors, and original floors in oak, Brazilian walnut, and pine. A fully remodeled, sun-lit kitchen with granite counters and stainless-steel appliances opens to expansive, window-lined living and family rooms. A dedicated office includes custom floor-to-ceiling bookcases. Outdoor living is supported by two large inset porches, a large patio, and a fully enclosed detached 2-car garage.

    Set on a fully fenced 1.3-acre estate in the heart of the La Grange Historical District, the property reflects the craftsmanship of its era while offering the privacy of a contained grounds setting. Its original family ownership extended until 1979, preserving its historical integrity while improvements have brought the home to today’s standards.

    This property fits buyers seeking a distinctive residential retreat with both historic distinction and practical, updated comfort. With generous room volume, remodeled baths, and flexible indoor and outdoor gathering space, it can serve everyday living as well as larger private events. The enclosed garage and enclosed grounds further support usability and peace of mind.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.876013
    Latitude
    29.909365

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    FAQs

    What type of property is this?
    Single family property - Restored 1894 High Victorian Italianate home offers modern updates, multiple living spaces, and outdoor areas on a fully fenced estate.
    Where is this single family property located?
    The property is located at 350 North Madison St La Grange, TX.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Built in 1894, the Lenert House is a Recorded Texas Historic Landmark within the La Grange Historical District.; 2‑story home with 4 bedrooms and approx. 3,972 SF, featuring 3 fully remodeled bathrooms and a main‑floor primary suite with a large walk‑in closet.; Soaring 14‑foot ceilings with solid oak pocket doors and original/wood flooring including oak, Brazilian walnut, and original pine.
    Schulenburg9792216679Flatonia3617414890
    We can help!
    Listing Contact
    George Clarke
    Real Estate License ID: 784218
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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