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$344,000

NAL Estimated Property Value

7016 Thomas Pl, Watauga, TX, 76148

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,696 Sq Ft
price_per_sqft$206.37 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,469 sqft

Building Information

Year Built1989
Stories1
Garage Spaces2

Land Information

APN33221-16-5
Lot Number5
SubdivisionQuail Hollow Addition
Land UseResidential
Legal DescriptionQUAIL HOLLOW ADDITION BLOCK 16 LOT 5
Census Tract113808
Assessed Land Value$60,000
Assessed Improvement Value$206,761
Assessment Year2025

About this property

Step into this beautifully updated single-story home where natural light and modern finishes create a warm, inviting atmosphere. The open-concept layout is ideal for both everyday living and entertaining, with the dining area flowing seamlessly into a spacious living room. The heart of the home is the newly renovated kitchen, featuring an oversized granite island, sleek two-tone cabinetry, and contemporary finishes that blend function and style. Retreat to the remodeled primary suite, complete with an oversized walk-in shower and a custom closet system designed to maximize space and organization. The secondary bathroom has also been tastefully updated with a clean, modern look. Step outside to your private backyard oasis, featuring a new concrete deck—perfect for weekend barbecues or relaxing evenings under the stars. The 8-foot privacy fence offers security and seclusion in a quiet, established neighborhood. With thoughtful upgrades throughout, this home is 100% move-in ready and waiting for its next chapter.

Investor Tools

Property Icon
$344,000
Estimated Property Value
$172,180Estimated Mortgage Balance
$171,820Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,014
$266,761
2025
$60,000
$206,761
$266,761
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,014
$266,761

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank And Trust Company
Conventional
$175,000
No
First
Jun 17, 2025
Jul 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,180
$171,820
49%
50%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$1,050/mo
+$1,440/mo
8.7%

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: Watauga

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7016 Thomas Pl | Property Details | No Agent List