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$468,500

1605 Fm 597, Abernathy, TX, 79311

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,036 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.31 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Electric Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesGray Water System, Private Yard, Rain Gutters, Storage
Lot Size1.80 acres

Building Information

Year Built1956
Garage Spaces2

Land Information

APNR330164
Land UseResidential
Legal DescriptionBLK CK SEC 9 AB 621 TR B1A NE/4 AC: 1.796
Census Tract010202
Assessed Land Value$25,144
Assessed Improvement Value$357,727
Assessment Year2025

About this property

This home is all about location and lifestyle! Beautiful split level home features 4 bedrooms, 3 full baths with 2 living areas and a fabulous shop on 1.796 acres. The spacious family room has vinyl plank flooring and is convenient to kitchen and dining. Kitchen offers abundant cabinetry, granite counters, stainless appliances, island/breakfast bar, gas cooktop and double ovens. The private primary suite is a true retreat with access to it's own living area with fireplace. A standout feature of this property is the recently added 50 x 30 shop/man cave with 20 x 30 canopy. It is the ideal spot for weekend BBQs, entertaining family and friends, and game day gatherings! Major updates that provide peace of mind include new HVAC 3 years ago, water heater in 2020, dishwasher in 2019, and new walk-in shower in upstairs bathroom. Additional features include energy efficient windows, category 4 metal roof, covered RV parking, rear entry garage, circle driveway, and excellent storage throughout. The 1.796 acre lot creates privacy, flexibility, and potential that most homes don't have. This is West Texas living at it's finest!

Investor Tools

$185,366Estimated Mortgage Balance
$226,634Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,811 /month
Positive
Cash Flow Estimate:
$937 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,675
$382,871
2025
$25,144
$357,727
$382,871
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,675
$382,871

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$209,500
No
First
Jun 5, 2020
Jul 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,366
$226,634
55%
45%
$1,257/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,257/mo
+$415/mo
4.9%

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: Abernathy

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