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$429,000

7001 Kate Reed Dr, Odessa, TX, 79765

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,003 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.86 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesElectric Water Heater, Electric Range, Self Cleaning Oven, Microwave, Dishwasher, Disposal
FlooringCarpet, Tile

Exterior

Lot Size7,405 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN14632.00560.00000
Lot Number28
SubdivisionHomestead At Parks Bell Ranch
Land UseResidential
Legal DescriptionHOMESTEAD AT PARKS BELL RANCH BLOCK 23 LOT 28
Census Tract003002
Assessed Land Value$34,953
Assessed Improvement Value$405,421
Assessment Year2025

About this property

Welcome to this exceptional two-story home offering space, style, and comfort all in one. This 4-bedroom, 2 full bath, 1 half bath home boasts an impressive 3,003 sq ft of thoughtfully designed living space. Step inside to an inviting open-concept layout featuring beautiful wood-look flooring, abundant natural light, and a spacious living area centered around a cozy fireplace—perfect for relaxing or entertaining. Located in a desirable neighborhood- Schedule your private showing today!!!

Investor Tools

Property Icon
$445,000
Estimated Property Value
$217,035Estimated Mortgage Balance
$261,568Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

Interested in this property?

Sabrina Ruiz

Heritage Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$666/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,764
$440,374
2025
$34,953
$405,421
$440,374
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,764
$440,374

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$217,035
No
First
Sep 13, 2018
Oct 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,432
$265,568
59%
41%
$1,302/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: Odessa

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7001 Kate Reed Dr | Property Details | No Agent List