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$347,000

NAL Estimated Property Value

2550 Meadow Lake Dr, Abilene, TX, 79606

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,418 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.25 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Double Oven
FlooringCeramic Tile, Tile, Varies, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size12,001 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces4

Land Information

APN67950018300
Lot Number8
SubdivisionWoodlake Sec 3
Land UseResidential
Legal DescriptionWOODLAKE SEC 3, BLOCK D, LOT 8
Census Tract012701
Assessed Land Value$28,200
Assessed Improvement Value$257,631
Assessment Year2025

About this property

Spacious 4 bedroom, 3 full bath home in established South Abilene neighborhood near Fairway Oaks Golf Course! This home offers a flexible floorplan with multiple living and dining spaces, including a formal dining area and additional flex room perfect for an office, playroom, or second living space. Features include granite countertops in the kitchen, laundry, and hall bath, updated flooring in portions of the home, large closets, and a spacious primary suite with ensuite bath. Three of the four bedrooms have ensuite bathroom access, creating a functional layout for guests or multigenerational living. Outside you’ll find private alley access, a large covered back patio, and a storage building. The prvious owners started to enclose the carport but it remains unfinished it could be tore back out to have 4 covered parking spaces again. Great opportunity to own or invest in a spacious home with character and tons of potential in one of South Abilene’s most established neighborhoods! Property to be SOLD AS IS. The seller's name is Secretary of Veterans Affairs. Seller pays no closing costs, including title policy, survey ,escrow fee, or transfer fee unless otherwise negotiated.! If built prior to 1978, Lead-Based Paint may exist. IF the house is winterized it may or may not be able to be de-winterized for inspections. Buyer to verify all information and responsible for all due diligence.

Investor Tools

Property Icon
$347,000
Estimated Property Value
$196,170Estimated Mortgage Balance
$150,830Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,082 /month
Positive
Cash Flow Estimate:
$694 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$532/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,650
$285,831
2025
$28,200
$257,631
$285,831
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,650
$285,831

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Va
$224,037
Yes
First
Mar 24, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,170
$150,830
43%
57%
$1,344/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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2550 Meadow Lake Dr | Property Details | No Agent List