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$173,000

NAL Estimated Property Value

2302 S 38th Street, Abilene, TX, 79605

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,313 Sq Ft
price_per_sqft$133.28 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,050 sqft

Building Information

Year Built1961
Stories1
Roof Type105

Land Information

APN62900002400
Lot Number24
SubdivisionThornton Heights
Land UseResidential
Legal DescriptionTHORNTON HEIGHTS, BLOCK 1, LOT 24
Census Tract012400
Assessed Land Value$15,295
Assessed Improvement Value$133,879
Assessment Year2025

About this property

Welcome home to this super cute and charming 4 bedroom, 1.5-bath property perfectly situated on a desirable corner lot! This move-in ready home offers a warm and inviting feel from the moment you arrive, complete with lovely curb appeal that makes a lasting first impression. Inside, you’ll find spacious living areas with durable and stylish tile flooring throughout perfect for easy maintenance and everyday living. Step outside to enjoy the large backyard, offering endless possibilities for entertaining, gardening, or simply relaxing under the open sky. With its combination of charm, practicality, and location, this home is truly a must-see! Don’t miss your chance to own this adorable, well-maintained home ready for its next chapter.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$64,102Estimated Mortgage Balance
$108,898Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,381
$149,174
2025
$15,295
$133,879
$149,174
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,381
$149,174

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$83,200
No
First
Oct 9, 2015
Nov 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,102
$108,898
62%
37%
$499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$499/mo
+$1,241/mo
12.1%

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.

Explore Texas Explore This Area
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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2302 S 38th Street | Property Details | No Agent List