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$261,000

515 Rees St, Tow, TX, 78672

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,351 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$218.36 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Range, Electric Water Heater
FlooringCarpet, Linoleum

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size43,198 sqft

Land Information

APN70049
Lot Number70,73
SubdivisionBuchanan Lake Village
Land UseResidential
Legal DescriptionBUCHANAN LAKE VILLAGE UNIT 5 LTS 70-73 & 112-115 50% UDI
Census Tract970100
Assessed Land Value$61,830
Assessed Improvement Value$99,220
Assessment Year2024

About this property

Price Improvement! This property is situated on a great corner lot, spanning almost 1 acre. Being on a corner lot provides dual frontage, which can enhance curb appeal and visibility. The property features a 3-car carport built on a concrete slab, providing shelter for vehicles. Additionally, there’s a workshop/storage area—perfect for DIY projects or extra storage space. The house itself offers 2 bedrooms and 1 bathroom. With approximately 1351 square feet, it’s a cozy yet comfortable space. Well-Maintained, which is always a plus. A few updates could make it even more perfect. Greenhouse and Extra Carport: An additional greenhouse adds charm and potential for gardening enthusiasts there are several Pecan trees on the property. Plus, there’s an extra 2-car carport—ideal for accommodating guests or additional vehicles. New A/C system installed in 2022, ensuring comfort during hot Texas summers. Lake Views: Imagine waking up to views of the lake from the front yard. It’s a serene and picturesque setting. Despite the lake being down, there are 4 parks and 2 boa tramps nearby. You can explore the shoreline and discover what has been uncovered. In summary, this property offers a great balance between permanence and weekend getaways. The house is currently on a well but community water is also available. Whether you’re looking for a peaceful home or a retreat, it has plenty to offer! ??????

Investor Tools

Property Icon
$261,000
Estimated Property Value
$0Estimated Mortgage Balance
$261,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$259/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,807
$161,050
2024
$61,830
$99,220
$161,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,807
$161,050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$261,000
100%
0%
$0/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: Tow

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