$195,000
338 Shelly Ln, Woodway, TX, 76712
$253,500 ARV
On Market
Property Lead Type:
Must-SellARV FlipAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesNone
Exterior
Lot Size1.53 acres
Building Information
Year Built1982
Stories1
Roof Type112
Garage Spaces2
Land Information
APN360371000044031
SubdivisionGeorge Robert
Land UseResidential
Legal DescriptionGEORGE ROBERT TRACT 8 ACRES 1.53
Census Tract004000
Assessed Land Value$50,160
Assessed Improvement Value$343,380
Assessment Year2025
About this property
Looking for a convenient location to build your dream home? 338 Shelly Lane is located just minutes from Woodway and McGregor, but is located outside city limits! Bring your creative vision and either renovate the current home or build your dream home. Utilities and a shop are already in place and the majority of the land is cleared and ready for construction. Please note this property will NOT qualify as an owner occupant residence; please have your local bank pre-qual letter or proof of funds ready. Shown by appointment only.
Investor Tools
$0Estimated Mortgage Balance
$329,141Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$253,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,975 /month
Positive
Cash Flow Estimate:
$658 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$904
$329,141
2025
$50,160
$343,380
$393,540
No
Tax History
Year
Tax Paid
Assessed Value
2024
$904
$329,141
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$373,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
N/A
+$1,470/mo
5.4%
