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Owner Contacts

$179,000

NAL Estimated Property Value

1506 Phillips Dr, Brownwood, TX, 76801

Off Market

3 Beds

1 Bath

1,200 Sq Ft

$154.17 / sqft

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

AppliancesGas Range

FlooringCarpet, Laminate

Exterior

Lot Size14,810 sqft

Building Information

Garage Spaces1

Land Information

APN20592

SubdivisionThomas J Glass Survey 47 Abstract

Land UseResidential

Legal DescriptionTHOMAS J GLASS, SURVEY 47, ABSTRACT 359, ACRES .34

Census Tract951100

Assessed Land Value$8,150

Assessed Improvement Value$140,100

Assessment Year2025

About this property

Charming, updated, and ready for you to call home just in time for the holidays! This 3-bedroom, 1-bath home is truly move-in ready! Sitting on a desirable corner lot with a shady backyard, this property offers both curb appeal and comfort. Inside, you’ll find beautiful decorative lighting, granite countertops, and tasteful finishes throughout. Built-ins add original charm and character to the home’s inviting layout featuring a bright living and dining area, a functional kitchen with modern updates, and cozy bedrooms perfect for family or guests. The roof was replaced in December 2023 providing peace of mind for new owners, while the one-car garage and convenient storage room off the back patio add extra functionality. Located near Woodland Heights Elementary and Brownwood's medical and industrial districts. Whether you’re looking for your first home, a downsizing option, or an investment property, this home is ready to impress - full of warmth, charm, and modern touches.

Investor Tools

$179,000

Estimated Property Value

$144,545Estimated Mortgage Balance

$34,455Estimated Equity

19% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,110 /month

Positive

Cash Flow Estimate:

$370 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$228/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,836

$148,250

2025

$8,150

$140,100

$148,250

Tax History

Year

Tax Paid

Assessed Value

2025

$1,836

$148,250

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Citizens National Bank (Brownwood Tx)

Conventional

$145,600

First

Dec 1, 2025

Dec 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$144,545

$34,455

19%

81%

$873/mo

Learn About the Market: Opportunity in Texas

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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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