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$255,000

505 Colonial Dr, Athens, TX, 75751

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,702 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.82 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Building Information

Year Built1963
Roof Type105
Garage Spaces1

Land Information

APN3040-0006-0150-01
Lot Number15
SubdivisionHighland Hills (178)
Land UseResidential
Legal DescriptionLT 15 AB 782 T PARMER SUR, HIGHLAND HILLS, BLK 6 LT 15
Census Tract951201
Assessed Land Value$7,965
Assessed Improvement Value$296,182
Assessment Year2025

About this property

Well-maintained 3-bedroom, 2-bath brick home located next to the Athens Country Club in Athens, Texas. This single-story residence features a traditional floor plan with wood and ceramic tile flooring throughout. The home offers a spacious den with wood-burning fireplace, a functional kitchen with electric cooktop, oven, microwave, dishwasher, disposal, and pantry, plus central heating and cooling for year-round comfort. Exterior highlights include a covered patio, fenced backyard with chain link fencing, and two covered carport spaces. This property provides easy access to local amenities, schools, and recreation at Athens Country Club.

Investor Tools

Property Icon
$304,147
Estimated Property Value
$225,834Estimated Mortgage Balance
$84,120Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,825 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$573/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,353
$304,147
2025
$7,965
$296,182
$304,147
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,353
$304,147

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$225,834
Yes
First
Jan 27, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,027
$84,120
27%
72%
$1,409/mo

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: Athens

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505 Colonial Dr | Property Details | No Agent List