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$347,499

365 Blue Lake Dr, Abilene, TX, 79602

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.85 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator, Vented Exhaust Fan

Exterior

Lot Size8,625 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APN61280021500
Lot Number9
SubdivisionSouthlake Estates Sec 6
Land UseResidential
Legal DescriptionSOUTHLAKE ESTATES SEC 6, BLOCK I, LOT 9, ACRES .198
Census Tract013404
Assessed Land Value$30,000
Assessed Improvement Value$318,199
Assessment Year2025

About this property

Below market value with a 3% assumable rate loan! This contemporary farmhouse in the highly sought-after South Lake Estates welcomes you in with an open living room and exposed beams. The spacious kitchen and dining room give ample space to entertain and provide tons of storage. A split floor plan provides three rooms on one side of the house and the primary bedroom on the other. The primary bath comes with dual sinks, a stand-alone tub, and a walk-in shower. Schedule your appt today to view this beautiful property!

Investor Tools

Property Icon
$351,000
Estimated Property Value
$278,012Estimated Mortgage Balance
$84,285Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,106 /month
Positive
Cash Flow Estimate:
$702 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$860/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,560
$348,199
2025
$30,000
$318,199
$348,199
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,560
$348,199

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Assumption
$278,012
Yes
First
Feb 26, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,715
$84,285
24%
76%
$1,667/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
$1,817/mo
$-157/mo
5.7%

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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365 Blue Lake Dr | Property Details | No Agent List