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$209,900

502 S Jefferson Dr, Abilene, TX, 79605

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.36 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Gas Water Heater

Exterior

Lot Size9,975 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26800157100
Lot Number18
SubdivisionElmwood West Sec K
Land UseResidential
Legal DescriptionELMWOOD WEST SEC K, BLOCK 5, LOT 18
Census Tract011400
Assessed Land Value$20,948
Assessed Improvement Value$142,476
Assessment Year2025

About this property

Discover this inviting 3-bedroom, 2-bathroom home perfectly situated in an established neighborhood of Abilene, TX. With proximity to Dyess Air Force Base and effortless access to the highway, this property offers both convenience and community charm. Step inside to experience a spacious and thoughtfully updated floor plan that seamlessly blends stylish design with functional living. Every room boasts a keen attention to detail, from the living areas that flow effortlessly into one another to the privacy offered by the well-proportioned bedrooms. The large flex room stands out as a versatile space that can easily adapt to your needs, whether for a home office, playroom, or an additional living area. The heart of the home, the kitchen, is filled with ample cabinetry, providing storage solutions for all your culinary needs. Its proximity to the dining area makes entertaining a breeze, while the living room's abundant natural light creates a welcoming ambiance for gatherings both large and intimate. Venture outside to a beautifully maintained exterior that's an entertainer's delight. The new fence not only introduces an element of privacy but also encloses a delightful outdoor space ideal for summer enjoyment. A covered carport offers not only protection for your vehicle but also potential as an extended area for outdoor activities. This property truly embodies the essence of comfortable living in a vibrant community setting. Whether you're seeking proximity to work, recreation, or just a harmonious retreat to call home, this Abilene gem promises a lifestyle of ease and enjoyment. Explore the potential of this home and experience its friendly embrace today

Investor Tools

Property Icon
$221,000
Estimated Property Value
$213,493Estimated Mortgage Balance
$10,312Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,326 /month
Positive
Cash Flow Estimate:
$442 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$401/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,704
$163,424
2025
$20,948
$142,476
$163,424
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,704
$163,424

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Canopy Mortgage Llc
Va
$213,493
Yes
First
Aug 1, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,688
$10,312
4%
95%
$1,280/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$1,280/mo
+$150/mo
7.8%

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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502 S Jefferson Dr | Property Details | No Agent List