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$589,000

118 Nowlin Dr, Highland Village, TX, 75077

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,798 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.51 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size21,601 sqft

Building Information

Year Built1978
Stories1
Roof Type127
Garage Spaces2

Land Information

APNR07836
Lot Number5
SubdivisionCanyon Creek Estates
Land UseResidential
Legal DescriptionCANYON CREEK ESTATES BLK C LOT 5
Census Tract021514
Assessed Land Value$130,560
Assessed Improvement Value$413,423
Assessment Year2025

About this property

Nestled in the trees on a secluded street is the home of your dreams! From the minute you walk through the door you see the details-beamed cathedral ceiling in great room w center fireplace placed between windows drawing you to the trees outside, the kitchen w so many cabinets, the corner fireplace in primary bedroom, even an additional storage area built beside the garage! But it's the picture perfect windows throughout the home pulling you outside that create the magic of this home. Imagine entertaining on the expansive patio, playing volleyball or kids playing in the soccer-sized yard. Or what about the shop w electrical just perfect for creating or storing all your things. The 2nd living space is a great hangout for tv room, playroom, exercise room, you decide. The kitchen has plenty of counter space and a super-sized laundry with room for a freezer and it's own bathroom. HUGE landscaped corner lot. Fresh paint & new flooring make this one move-in ready for new owners. Is it you?

Investor Tools

Property Icon
$565,000
Estimated Property Value
$256,325Estimated Mortgage Balance
$316,300Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,534 /month
Positive
Cash Flow Estimate:
$1,178 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,606
$543,983
2025
$130,560
$413,423
$543,983
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,606
$543,983

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$256,325
No
First
Sep 27, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,700
$316,300
55%
44%
$1,537/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,200/mo
$1,537/mo
+$1,663/mo
6.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Highland Village

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118 Nowlin Dr | Property Details | No Agent List