Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$799,000

516 Avenue R, Shallowater, TX, 79363

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths4,174 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.42 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Refrigerator, Dishwasher, Disposal, Free-Standing Gas Range, Microwave, Water Softener, Water Softener Rented, Wine Refrigerator
FlooringOther, See Remarks

Exterior

Exterior FeaturesLighting, Private Yard, Rain Gutters, Storage
Lot Size18,900 sqft

Building Information

Year Built2007
Roof Type105
Garage Spaces2

Land Information

APNR301301
Lot Number80
SubdivisionDiamondhead Estates Ii
Land UseResidential
Legal DescriptionDIAMONDHEAD ESTATES II L 8
Census Tract010301
Assessed Land Value$60,000
Assessed Improvement Value$455,117
Assessment Year2025

About this property

Situated on one of Shallowater's most desirable streets, this exceptional home offers over 4,000 square feet of beautifully updated living space on a large lot surrounded by character, charm, and wonderful neighbors. Every detail has been thoughtfully curated, beginning with the custom solid white oak hand scraped and hand stained flooring that flows throughout the home. Designer lighting, high end finishes, and timeless craftsmanship create a warm yet sophisticated feel in every room. Upstairs, you'll find a bunk room, workout space, private sauna, and an incredible amount of storage. The luxurious primary suite is a true retreat, featuring a spa inspired bathroom with heated white marble floors, Carrera marble countertops, custom inset cabinetry, and an oversized custom closet complete with built in hampers and a built in ironing board. Carrera marble countertops and custom inset cabinetry continue into the laundry room and secondary en suite bath, adding elegant touches throughout the home. The laundry room also includes a built in drying rack and a central vacuum closet for everyday convenience. The kitchen is equally impressive with a custom built in refrigerator, quality finishes, and a layout designed for entertaining. A cozy gas fireplace anchors the main living area, creating the perfect place to gather. Additional features include an oversized garage with extra indoor storage, whole house Generac backup generator, roof replaced in 2022, new HVAC systems installed in 2022 and 2023, and new water heaters installed in 2022. Homes with this level of quality, thoughtful updates, and timeless appeal rarely become available on Avenue R. This is luxury living in one of Shallowater's most sought after neighborhoods.

Investor Tools

$453,834Estimated Mortgage Balance
$67,047Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,794 /month
Positive
Cash Flow Estimate:
$1,598 /month

Interested in this property?

Chelsea Timmens

Home Grown Real Estate Co.

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,039/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,865
$515,117
2025
$60,000
$455,117
$515,117
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,865
$515,117

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Building Or Construction Loan
$451,500
No
First
Jun 4, 2021
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$453,834
$74,166
14%
87%
$3,007/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$3,007/mo
$-1,582/mo
3.3%

City: Shallowater

516 Avenue R | Property Details | No Agent List