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$481,880

NAL Estimated Property Value

1609 Griffith Rd, Abilene, TX, 79601

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,447 Sq Ft
price_per_sqft$200.2 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Microwave
FlooringTile

Exterior

Lot Size7,405 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces2

Land Information

APN52625000100
Lot Number1
SubdivisionPalmetto At Griffith Lake
Land UseResidential
Legal DescriptionPALMETTO AT GRIFFITH LAKE, BLOCK A, LOT 1, ACRES .17
Census Tract010100
Assessed Land Value$40,000
Assessed Improvement Value$441,880
Assessment Year2025

About this property

Palmetto on Griffith Lake is Abilene's newest boutique waterfront community! This beautiful coastal style home features 4 Bedrooms, 2.5 baths, butler’s pantry and bonus loft on the second floor. Enjoy views of the lake from the living room and your master bedroom's private patio with gas fireplace. Master suite is located on the first floor and has dual sinks, soaking tub, separate tiled shower and a large walk in closet. The 2nd floor has spacious hallways with 3 bedrooms, full bathroom and bonus loft. The open kitchen has quartz counter tops, wifi enabled electric range, and custom cabinets. Sprinkler system, detached two car garage with covered walkway and fenced back yard. Palmetto on Griffith Lake was developed to bring families together and enjoy all aspects of this neighborhood which include lake views, waterfront green space and community area for entertainment. Conveniently to shops and restaurants as well as Hendrick North and Abilene Christian University

Investor Tools

Property Icon
$481,880
Estimated Property Value
$432,912Estimated Mortgage Balance
$48,968Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,939 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$932/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,779
$481,880
2025
$40,000
$441,880
$481,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,779
$481,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$457,330
No
First
Jun 15, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,912
$48,968
10%
90%
$2,742/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,649/mo
$3,542/mo
$-1,893/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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1609 Griffith Rd | Property Details | No Agent List