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$610,000

514 Willow Way, Highland Village, TX, 75077

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,692 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.6 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Double Oven
FlooringCeramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size14,998 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR09083
Lot Number14
SubdivisionHighland Hills Sec 4
Land UseResidential
Legal DescriptionHIGHLAND HILLS SEC 4 BLK 3 LOT 14
Census Tract021513
Assessed Land Value$157,500
Assessed Improvement Value$390,447
Assessment Year2025

About this property

PRICE REDUCTION!! 514 Willow Way is a beautifully updated single-story ranch-style home offering the perfect blend of comfort, functionality, and Texas outdoor living. This 4-bedroom, 3-full-bath residence features an open floor plan designed for effortless everyday living and entertaining. Inside, the home showcases gorgeous custom built-ins, a striking stone fireplace, and thoughtfully curated finishes that add warmth and character throughout. The spacious living areas flow seamlessly into the kitchen and dining spaces, creating an inviting environment for gatherings both large and small. Step outside to a large backyard oasis complete with a sparkling pool, plenty of room to relax or entertain, and additional space ideal for boat or RV parking—a rare and valuable feature. Whether hosting summer get-togethers or enjoying quiet evenings outdoors, this backyard is designed to be enjoyed year-round. Located in the heart of Highland Village, this home offers a relaxed pace of life just outside of Dallas. The community is known for its excellent schools, strong hometown feel, and easy access to shopping, dining, recreation, and major commuting routes—making it an ideal place to call home. Refrigerator, washer and dryer WILL convey with the home.

Investor Tools

Property Icon
$604,000
Estimated Property Value
$545,288Estimated Mortgage Balance
$68,314Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,660 /month
Positive
Cash Flow Estimate:
$1,220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$960/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,500
$547,947
2025
$157,500
$390,447
$547,947
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,500
$547,947

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Fha
$545,288
Yes
First
May 1, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$535,686
$68,314
11%
89%
$3,270/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$3,270/mo
$-810/mo
4.9%

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: Highland Village

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514 Willow Way | Property Details | No Agent List