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$566,280

NAL Estimated Property Value

1607 Colonial Drive, Longview, TX, 75605

$621,981 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,476 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.91 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Gas Cooktop, Gas Range
FlooringCeramic Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size25,182 sqft

Building Information

Year Built2003
Stories1
Roof Type109
Garage Spaces4

Land Information

APN2383020001-005-00-02
Lot Number5
SubdivisionFairway Oaks #1
Land UseResidential
Legal DescriptionLT 5 BLK 1 FAIRWAY OAKS #2
Census Tract000602
Assessed Land Value$42,500
Assessed Improvement Value$523,780
Assessment Year2025

About this property

This 4bd, 3.5ba home was built with love and perfect for a family. Room for entertaining with a cook's kitchen, two living areas and an outdoor kitchen to enjoy the LARGE backyard - biggest in the neighborhood! Three car garage leaves room for the family to park, but from gate entrance provides space to store boat or golf cart in the side yard area hidden from the front of home. Master bedroom boasts size and opens out to the serene backyard. Bonus fourth bedroom upstairs with additional office&living area for teenager or workout room. Sonas sound system throughout and central vacuum are perks of living here. Perfect location that's a jump, skip and a hop away from Hawkins, McCann and Bill Owens.

Investor Tools

Property Icon
$566,280
Estimated Property Value
$341,399Estimated Mortgage Balance
$224,881Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$621,981
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,398 /month
Positive
Cash Flow Estimate:
$1,133 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,212
$566,280
2025
$42,500
$523,780
$566,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,212
$566,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Federal Bank
Va
$381,950
Yes
First
Nov 16, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,399
$224,881
39%
60%
$2,290/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,650/mo
$2,290/mo
$-640/mo
3.5%

City: Longview

1607 Colonial Drive | Property Details | No Agent List