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$314,900

1701 Elmwood Drive, Abilene, TX, 79605

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,434 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.38 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Gas Oven, Microwave, Refrigerator
FlooringCeramic Tile

Exterior

Lot Size21,710 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN58600020400
Lot Number23
SubdivisionRiver Oaks Sec 5
Land UseResidential
Legal DescriptionRIVER OAKS SEC 5, BLOCK K, LOT 23
Census Tract012600
Assessed Land Value$40,164
Assessed Improvement Value$429,047
Assessment Year2025

About this property

This stunning home on Elmwood Drive has been meticulously remodeled into an open concept mid-century dream. Natural light fills this home in every room. The gourmet kitchen, complete with quartz counters, center island with seating, large pantry and stainless steel appliances, opens into a fabulous living space. There are 3 spacious bedrooms and 2 remodeled baths. Also,the enormous landscaped back yard has a pergola covered outdoor living area that will allow for family fun and relaxation.This home is made complete with plantation shutters, energy efficient windows, stained hard wood flooring, oversized master shower, large corner lot and many custom features. Located on Elmwood Drive, who could ask for more

Investor Tools

Property Icon
$469,211
Estimated Property Value
$0Estimated Mortgage Balance
$243,056Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,815 /month
Positive
Cash Flow Estimate:
$938 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$710/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,171
$469,211
2025
$40,164
$429,047
$469,211
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,171
$469,211

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Conventional
$255,600
No
First
Jun 19, 2020
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,155
$243,056
51%
48%
$1,533/mo

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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