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$402,000

NAL Estimated Property Value

1801 Morrow Lane, Abilene, TX, 79601

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,157 Sq Ft
price_per_sqft$137.92 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size18,151 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN63775018200
Lot Number16
SubdivisionUniversity Hills Addn Sec 2
Land UseResidential
Legal DescriptionUNIVERSITY HILLS ADDN SEC 2, BLOCK I, LOT 16
Census Tract010100
Assessed Land Value$45,738
Assessed Improvement Value$335,335
Assessment Year2025

About this property

This home has a perfect view of Lake Griffith from the back porch. Just imagine enjoying the pool, BBQ's under the pergola or working in your own Green House... This functional split bedroom floor plan features 4 bedrooms & 3 full baths, wood burning fireplace, cozy breakfast nook, beautiful granite countertops, extra space for an office or reading room, master bathroom with huge walk in closet, 16'x20' pool house, 16x24 workshop with extra garage space, room to park your boat or RV, large back patio with space for hot tub...all this on a double lot with a pool! Conveniently located to I-20, shopping, theaters and restaurants. Entire home was repainted, carpet and padding was just replaced in 2018.

Investor Tools

Property Icon
$402,000
Estimated Property Value
$60,892Estimated Mortgage Balance
$341,108Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,412 /month
Positive
Cash Flow Estimate:
$804 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$509/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,101
$381,073
2025
$45,738
$335,335
$381,073
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,101
$381,073

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Credit Line (Revolving) / Heloc
$64,000
No
First
Sep 5, 2023
Sep 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$60,892
$341,108
84%
15%
$384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,649/mo
$384/mo
+$1,265/mo
4.9%

City: Abilene