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$524,900

1518 Elmwood Dr, Abilene, TX, 79605

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.41 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size17,668 sqft

Building Information

Year Built1955
Stories1
Roof Type127
Garage Spaces4

Land Information

APN58600006500
Lot Number16
SubdivisionRiver Oaks Sec 2
Land UseResidential
Legal DescriptionRIVER OAKS SEC 2, BLOCK F, LOT 16 LESS S5
Census Tract012600
Assessed Land Value$29,149
Assessed Improvement Value$310,680
Assessment Year2025

About this property

Welcome to 1518 Elmwood Drive, a beautifully maintained 3-bedroom, 2.5-bath home offering 2,728 square feet in the heart of the highly desirable Elmwood neighborhood. Surrounded by towering mature trees and a peaceful setting, this home offers the perfect balance of timeless character and modern updates. Inside, you'll find multiple spacious living and dining areas, along with an impressive kitchen featuring abundant cabinetry, expansive granite countertops, stainless steel appliances, and plenty of room to gather and entertain. Energy-efficient windows and beautiful plantation shutters throughout the home enhance both comfort and timeless style while filling each space with natural light. Both full bathrooms have been tastefully updated, including a beautifully renovated primary bath that complements the home's warmth and charm, while the convenient half bath adds extra functionality for guests. Step outside to enjoy the covered back patio, complete with roll-down shades that create a comfortable space for relaxing or entertaining throughout the day. For added peace of mind, the water well features all new equipment installed within the last 1.5 years, including the pump, motor, and pressure tank, and the home is equipped with a reverse osmosis (RO) water filtration system. Generous room sizes, inviting living spaces, and a functional layout make this home ideal for everyday living and entertaining. Conveniently located just minutes from shopping, dining, schools, and medical facilities, you'll enjoy the convenience of central Abilene while still experiencing the quiet, established charm that has made Elmwood one of the city's most beloved neighborhoods. Homes offering this combination of space, updates, mature trees, and location are hard to find. Schedule your showing today!

Investor Tools

Property Icon
$420,000
Estimated Property Value
$320,000Estimated Mortgage Balance
$118,645Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,149 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Ethan Stewart-Duke

Fathom Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$657/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,787
$339,829
2025
$29,149
$310,680
$339,829
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,787
$339,829

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Unknown
$320,000
No
First
Jun 28, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$301,877
$118,123
28%
72%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$1,919/mo
$-489/mo
4.1%

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: Abilene

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1518 Elmwood Dr | Property Details | No Agent List