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$157,000

NAL Estimated Property Value

640 Grape St, Abilene, TX, 79601

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,440 Sq Ft
price_per_sqft$97.22 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

AuctionAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating Floor/WallHeating Floor/Wall
AppliancesOther

Exterior

Lot Size9,518 sqft

Building Information

Year Built1925
Stories1
Roof Type105

Land Information

APN16500001800
Lot Number1,2
SubdivisionW G Cannon Addn
Land UseResidential
Legal DescriptionW G CANNON ADDN, LOT 1 & N/2 OF 2, BASS & BROWN SUB
Census Tract011200
Assessed Land Value$14,280
Assessed Improvement Value$75,983
Assessment Year2025

About this property

To be auctioned 7-18-26 at 12:00 noon. As is where is. $5000 escrow deposit required immediately. You will receive a title policy. Contents will be actioned then we will stop at 1200 noon to auction the house. There is an additional lot behind the house at 1730 Holbron that will be auctioned off separately after the house. The house was originally a duplex. While it does need some work there have been some major updates. The central heat and air unit has been replaced, the electrical has been updated, a metal roof has been installed, and the plumbing has been updated.

Investor Tools

Property Icon
$157,000
Estimated Property Value
$47,535Estimated Mortgage Balance
$109,465Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$942 /month
Positive
Cash Flow Estimate:
$314 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$73/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$93
$60,759
2025
$14,280
$75,983
$90,263
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$93
$60,759

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Woodridge Usa Properties Lp
Seller Carryback / Seller Financing / Seller Take-Back
$36,755
No
First
Jun 6, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,535
$109,465
69%
30%
$408/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,360/mo
$408/mo
+$952/mo
10.4%

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: Abilene

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