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NoAgentList RatingHow are grades calculated?Info
Days354Days on Market
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$540,000

1228 Hillcrest Dr, Longview, TX, 75601

$648,495 ARVInfo
On MarketInfo
Beds3 Beds
Baths5 Bath
Baths3,514 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.67 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Microwave, Gas Water Heater, Electric Water Heater
FlooringHardwood, Vinyl

Building Information

Year Built1947
Stories1
Garage Spaces4

Land Information

APN2479000003-015-00-02
Lot Number15-16
SubdivisionForest Hills
Land UseResidential
Legal DescriptionLTS 15 & 16 BLK C (NCB 494) (S 146' LT 16) FOREST HILLS
Census Tract000300
Assessed Land Value$41,440
Assessed Improvement Value$266,060
Assessment Year2025

About this property

On the market is this one-of-a-kind 1947 streamline modern home in the desirable Forest Hill neighborhood. This home boasts 3,892 square feet (3,514 square feet in the main house plus 350 square feet in the rooftop apartment), 3 oversized bedrooms, 4.5 bathrooms, a water-cooled and gas-supplied whole-home generator, new double-pane vinyl storm windows, fresh hardwood flooring, and a private access security gate. Standout features include a 600-square-foot billiard room and a wet bar with a full bathroom, perfect for entertaining and hosting parties. (Yes, the 1970s vintage table comes with the house... unless you don't want it.) A master suite with over 800 square feet of cozy space, a wood-burning fireplace, floor-to-ceiling windows that overlook 1.78 acres of private land, and a walk-in closet larger than most bedrooms, complete with a full mirrored vanity. Architectural enthusiasts will appreciate that most of the home's original fixtures are still in place: Geneva metal kitchen cabinets, an in-shower steamer/sauna in the master bedroom, a 1940s art deco shower door in the bar area, a wood-paneled wall in the master bedroom that opens to even more closet space, original cabinet fixtures in all rooms, mirrored walls everywhere you look, one-of-a-kind doors throughout the home, and so much more. Head up to the roof for the rooftop party room (or guest suite, or future rental income as an efficiency), complete with built-in shelves, a closet, and a full bath. With a 2-car garage that's over 600 square feet in size, there's plenty of room for any Texas-sized truck. Three sheds in the back (two wooden, one metal) are wired for electricity. Not included in the home's square footage is an approximately 200-square-foot laundry room with a sink and half bath plus an 83-square-foot hallway closet. The laundry room has new flooring. This property comprises two adjoining lots on Russell Street, presenting a fantastic investment opportunity. This unique home is excited to welcome a new owner who’s ready to bring their dreams to life! Don’t hesitate to call today for a private showing!

Investor Tools

$331,658Estimated Mortgage Balance
$62,342Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$648,494
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,240 /month
Positive
Cash Flow Estimate:
$1,080 /month

Interested in this property?

Blake Tucker

Trina Griffith & Company Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$399/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,824
$307,500
2025
$41,440
$266,060
$307,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,824
$307,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$340,750
No
First
Nov 20, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,658
$62,342
15%
84%
$2,043/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,230/mo
$2,043/mo
$-813/mo
3.7%

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.

Explore Texas Explore This Area
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: Longview

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