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$601,000

NAL Estimated Property Value

618 Franklin Dr, San Marcos, TX, 78666

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,691 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.16 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesFree-Standing Range, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APNR36794
Lot Number22-23
SubdivisionOak Heights
Land UseResidential
Legal DescriptionOAK HEIGHTS 42-138 PT LOTS 22,23 BLK 5 GEO#329370748540 TAX CODES:SSM,WEU,WUS
Census Tract010601
Assessed Land Value$103,640
Assessed Improvement Value$381,110
Assessment Year2025

About this property

Texas State University, Downtown San Marcos, and IH35 just around the corner from this traditional style home on .26 acres with mature oak trees and huge shaded backyard. Enter into the home’s foyer from the covered front porch into the beautiful openness of the kitchen, breakfast area, and dining area with fireplace. Just around the corner is the converted garage that is now a gorgeous sunroom illuminated by a wall of windows. Circle Back Around to the formal living room for entertainment and relaxation.

Investor Tools

Property Icon
$601,000
Estimated Property Value
$48,047Estimated Mortgage Balance
$552,953Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,606 /month
Positive
Cash Flow Estimate:
$1,202 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$896/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,747
$484,750
2025
$103,640
$381,110
$484,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,747
$484,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Credit Line (Revolving) / Heloc
$50,000
No
First
Mar 20, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,047
$436,703
90%
8%
$300/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.

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: San Marcos

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618 Franklin Dr | Property Details | No Agent List