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$429,000

1651 Griffith Road, Abilene, TX, 79601

PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,027 Sq Ft
price_per_sqft$211.64 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size10,454 sqft

Building Information

Garage Spaces2

Land Information

APN52625000700
Lot Number7
SubdivisionPalmetto At Griffith Lake
Land UseResidential
Legal DescriptionPALMETTO AT GRIFFITH LAKE, BLOCK A, LOT 7, ACRES 0.24
Census Tract010100
Assessed Land Value$40,000
Assessment Year2025

About this property

Welcome to 1651 Griffith Road — Your Opportunity Won't Last! This is your last chance to own a brand new construction home in Palmetto, Abilene's most exclusive boutique waterfront community. Nestled on the final available lot, this stunning 4-bedroom, 2-bathroom home offers over 2,000 square feet of thoughtfully designed living space with an open floor plan and luxury finishes throughout. From the moment you step onto your front porch, you'll feel the difference. Walk directly onto the private waterfront greenspace, stroll the scenic walking trails, and take in breathtaking lake views — all just steps from your front door. Palmetto's community waterfront area was designed for connection and relaxation, offering green space and entertainment areas that make every day feel like a getaway. What truly sets Palmetto apart is its one-of-a-kind coastal style architecture — a refreshing aesthetic unlike anything else in Abilene. These homes were built with intention, blending upscale design with a warm, community-centered lifestyle. Inside, you'll love the beautiful quartz countertops and luxury vinyl tile flooring — high-end finishes that are as durable as they are stunning. Completion date August 2026

Investor Tools

$685,018Estimated 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
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$101/month
$700/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
First Financial Bank
Unknown
$344,000
No
First
Feb 26, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$685,018
N/A
0%
1142%
$4,126/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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1651 Griffith Road | Property Details | No Agent List