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$345,000

NAL Estimated Property Value

603 Willow Creek Dr, Woodway, TX, 76712

$355,485 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,209 Sq Ft
price_per_sqft$172.02 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Electric Water Heater, Microwave, Double Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size14,135 sqft

Building Information

Year Built1977
Stories2
Roof Type105
Garage Spaces2

Land Information

APN362330000093002
Lot Number4
SubdivisionKnottingham Forest
Land UseResidential
Legal DescriptionKNOTTINGHAM FOREST LOT 4 BLOCK 9 ACRES .3245
Census Tract002503
Assessed Land Value$41,560
Assessed Improvement Value$296,540
Assessment Year2025

About this property

Charming 3-Bedroom Home in the Heart of Woodway! Nestled in a peaceful, tree-lined neighborhood, this beautifully updated 3-bedroom, 2.5-bath home offers comfort, privacy, and convenience. The spacious layout includes two inviting living areas—one on the main floor and a large downstairs family room featuring a stunning brick wood-burning fireplace. The isolated master suite boasts granite countertops in the bathroom, while the good-sized secondary bedrooms provide plenty of space. The updated kitchen is a chef’s delight with double ovens, granite countertops, and an open flow into the cozy breakfast area, all with lovely views of the backyard. Step outside to enjoy a serene backyard retreat, complete with a brand-new deck, a new fence, and plenty of mature trees for shade and privacy. Major updates include a new HVAC system (December 2022), a new water heater (2024), and a freshly repainted exterior (2025). Ideally located in the heart of Woodway, this home is just minutes from Woodway Elementary, HEB, and Hewitt Dr. Enjoy a quiet, friendly neighborhood perfect for walking and biking, surrounded by beautiful hills and greenery.

Investor Tools

Property Icon
$345,000
Estimated Property Value
$164,157Estimated Mortgage Balance
$180,843Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$355,485
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$527/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,596
$338,100
2025
$41,560
$296,540
$338,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,596
$338,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$186,300
No
First
Apr 20, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,157
$180,843
52%
48%
$1,117/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,117/mo
+$353/mo
5.1%

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: Woodway

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603 Willow Creek Dr | Property Details | No Agent List