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$225,000

612 Colonial Dr, Athens, TX, 75751

$266,170 ARV

Off Market

3 Beds

3 Bath

2,293 Sq Ft

Single Family Residence

$98.12 / sqft

Built in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesElectric Range, Microwave

FlooringCeramic Tile, Laminate, Wood

Building Information

Year Built1963

Roof Type105

Garage Spaces2

Land Information

APN3040-0008-0070-01

Lot Number7

SubdivisionHighland Hills (178)

Land UseResidential

Legal DescriptionLT 7 AB 782 T PARMER SUR, HIGHLAND HILLS, BLK 8 LT 7

Census Tract951201

Assessed Land Value$10,620

Assessed Improvement Value$213,207

Assessment Year2025

About this property

Have you been looking for an established rental, ideal home for a first time home buyer or looking to downsize? This home is close to downtown Athens, TVCC & just a golf cart ride away from Athens Country Club! Easy access to Loop 7-it’s in a great location! Dining, grocery stores, hospital & other amenities are within a few minutes drive! It has been a very successful rental for the past 4+ years and is now ready for new owners to decide whether to continue the successful rental track record, make it the perfect downsized home, college dorm living or the ideal match for the first time home buyer! This charming home is in the quiet & highly desirable neighborhood of Highland Hills. It has just over a third of an acre lot, fenced with large backyard space to set up a garden & an attached utility room with a bathroom & TONS of storage space. The garage has room for 2 cars & the attached carport holds 2 more. See attached for renovations done since owned! Range and microwave convey.

Investor Tools

$241,000

Estimated Property Value

$0Estimated Mortgage Balance

$241,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$266,170

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,446 /month

Positive

Cash Flow Estimate:

$482 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$405/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,650

$223,827

2025

$10,620

$213,207

$223,827

Tax History

Year

Tax Paid

Assessed Value

2024

$3,650

$223,827

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$241,000

100%

$0/mo

Learn About the Market: Opportunity in Texas

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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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