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$331,000

NAL Estimated Property Value

274 Southlake Dr, Abilene, TX, 79602

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,143 Sq Ft
price_per_sqft$137.61 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,276 sqft

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces2

Land Information

APN61280000400
Lot Number18
SubdivisionSouthlake Estates Sec 1
Land UseResidential
Legal DescriptionSOUTHLAKE ESTATES SEC 1, BLOCK B, LOT 18, ACRES .19
Census Tract013404
Assessed Land Value$30,000
Assessed Improvement Value$259,977
Assessment Year2025

About this property

What a great opportunity to bring cosmetic needs to this great home. This 4 bedroom, 2.5 bath home is awaiting new owner. Open floor plan with wood burning fireplace in the living room. Large kitchen with granite counter tops, breakfast bar, lots of cabinet and counter space, and pantry. Split bedroom arrangement. The primary bedroom offers a walk-in closet, double sinks, jetted tub, and separate shower. The three remaining bedrooms are all good sized with two offering walk-in closets. Two car garage with room for a freezer or work bench. Fenced backyard with covered patio. Located in a sought after neighborhood. Now is your chance to bring your touch to this spacious home and call it HOME!!

Investor Tools

Property Icon
$331,000
Estimated Property Value
$236,735Estimated Mortgage Balance
$94,265Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,986 /month
Positive
Cash Flow Estimate:
$662 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$732/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,129
$289,977
2025
$30,000
$259,977
$289,977
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,129
$289,977

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$240,000
No
First
Dec 6, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,735
$94,265
28%
72%
$1,657/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
$1,807/mo
$-147/mo
6.0%

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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274 Southlake Dr | Property Details | No Agent List