307 Fulton St. 1925 Bungalow | .66 Acre | Walk to Main Street | Priced Below Appraisal. Rare opportunity in the heart of Fredericksburg, Texas-just four blocks from Historic Main Street. This 1925 bungalow sits on a spacious .66-acre lot with mature trees, abundant wildlife, and Winfred Creek behind the property. Inside, you'll find original hardwood floors, high ceilings, large windows, and transoms that bring in natural light-classic character ready to be restored. Priced $116, 820 below the Gillespie County Appraisal District value of $611, 820, this property offers significant upside for investors, flippers, or buyers looking for a fixer-upper near downtown Fredericksburg. The home does need work, including HVAC replacement and repair of a known ceiling leak, and is priced accordingly. Opportunities like this-large lot, walkable location, and vintage charm-are increasingly hard to find. Bring your vision and unlock the potential.