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Days40Days on Market
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$270,000

12662 W 61st St, Odessa, TX, 79764

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,830 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.54 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater, Electric Range, Refrigerator, Dryer
FlooringLaminate

Exterior

Lot Size2.47 acres

Building Information

Year Built1962

Land Information

APN26400.00410.00000
Lot Number6
SubdivisionRanchette
Land UseResidential
Legal DescriptionRANCHETTE BLOCK 4 LOT 6
Census Tract002702
Assessed Land Value$86,074
Assessed Improvement Value$129,761
Assessment Year2025

About this property

Situated on 2.47 acres this Home offers 3 bedrooms, 2 bath, 2 living areas, Interior benefits include cobble stone brick flooring in 2nd living room, bright and welcoming kitchen with an inspirational mural and lots of windows for natural light. Large screened in front patio to enjoy sunsets & rainy days. Exterior offers dome style green houses, stables & RV hooks ups.This property is perfect for those who love country living. Bring your horses, RV, outdoor toys- there's space for it all!!!!

Investor Tools

$90,908Estimated Mortgage Balance
$181,378Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

Interested in this property?

Deanna Bledsoe/ Cindy Beason

All City Real Estate Ltd. Co.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$218/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,260
$215,835
2025
$86,074
$129,761
$215,835
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,260
$215,835

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Service Fcu
Credit Line (Revolving) / Heloc
$93,400
No
First
Nov 22, 2024
Dec 2064

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$90,908
$199,092
68%
33%
$560/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Odessa

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