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$389,000

4802 Olsen Blvd, Amarillo, TX, 79106

$437,200 ARVInfo
On MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,084 Sq Ft
price_per_sqft$126.13 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDouble Oven, Dishwasher, Cooktop

Exterior

Exterior FeaturesBrick
Lot Size10,019 sqft

Building Information

Year Built1962
Stories1
Roof Type127
Garage Spaces2

Land Information

APNR-061-0600-5620
Lot Number12
SubdivisionOlsen Park Addn # 3
Land UseResidential
Legal DescriptionOLSEN PARK ADDN # 3, LOT 012, BLK 0036
Census Tract010200
Assessed Land Value$16,227
Assessed Improvement Value$403,552
Assessment Year2025

About this property

Spacious and beautifully updated, this rambling 5-bedroom, 3-bath home in the established Olsen neighborhood offers room to spread out and peace of mind with major 2025 updates, including a new roof, A/C, and replaced sewer line and gas line. Bright airy, you'll love the neutral color palette. The flexible layout features a sunroom plus a private-entry bedroom ideal for guests, a home office, or multigenerational living. Outside, enjoy a large backyard with a storage building and a 2-car garage. Easy access to I-40, the hospital district, downtown, schools and parks, this move-in ready home combines comfort, space, and an unbeatable location!

Investor Tools

$506,950Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$437,199
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,519 /month
Positive
Cash Flow Estimate:
$840 /month

Interested in this property?

Michelle Fowler

Keller Williams Realty Amarillo

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$872/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,366
$419,779
2025
$16,227
$403,552
$419,779
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,366
$419,779

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Steven Monk
Unknown
$332,319
No
First
Sep 7, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$506,950
N/A
0%
121%
$3,365/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,542/mo
$3,365/mo
$-1,823/mo
4.4%

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: Amarillo

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4802 Olsen Blvd | Property Details | No Agent List