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$64,000

NAL Estimated Property Value

1645 Griffith Rd, Abilene, TX, 79601

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size10,890 sqft

Land Information

APN52625000600
Lot Number6
SubdivisionPalmetto At Griffith Lake
Land UseResidential
Legal DescriptionPALMETTO AT GRIFFITH LAKE, BLOCK A, LOT 6, ACRES 0.25
Census Tract010100
Assessed Land Value$40,000
Assessment Year2025

About this property

Palmetto on Griffith Lake is Abilene's newest boutique waterfront community! Developed with the primary focus to bring families together and enjoy all aspects of this neighborhood which includes lake views, waterfront green space and community area for entertainment. Community area has a beautiful landscaping with Adirondack chairs for relaxing, Horseshoe and Cornhole games to play with friends and family. Walk from you front porch onto the private waterfront green space and go for a walk on the walking trails. The unique coastal style construction of homes in this private waterfront community is like no other in Abilene

Investor Tools

Property Icon
$64,000
Estimated Property Value
$377,554Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$384 /month
Positive
Cash Flow Estimate:
$128 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$102/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$907
$40,000
2025
$40,000
N/A
$40,000
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$907
$40,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Anthem Bank & Trust
Building Or Construction Loan
$383,158
No
First
Jul 3, 2025
Jul 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,554
N/A
0%
590%
$2,298/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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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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1645 Griffith Rd | Property Details | No Agent List