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$395,000

NAL Estimated Property Value

708 Illinois Ave, Killeen, TX, 76541

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,812 Sq Ft
price_per_sqft$104.67 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Cooktop, Disposal, Refrigerator, Range Hood, Water Heater, Cooktop, Microwave
FlooringCarpet, Hardwood, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesCovered Patio, Porch, Private Yard, Rain Gutters

Building Information

Year Built1961
Stories2
Roof Type127
Garage Spaces2

Land Information

APN60610
Lot Number4
SubdivisionJasper Heights 2nd
Land UseResidential
Legal DescriptionJASPER HEIGHTS 2ND, BLOCK 008, LOT 0004
Census Tract023002
Assessed Land Value$36,000
Assessed Improvement Value$274,984
Assessment Year2025

About this property

A classic masterpiece has come available. One of the largest homes in Killeen's storied Jasper Heights neighborhood just hit the market. Perched majestically on a corner lot and shrouded in mature trees, this sprawling estate has enjoyed some breathtaking renovations over the years. Originally built a 1-story, the 2nd floor was added ages ago, allowing for five bedrooms and 3 full baths. Downstairs boasts both formals and a perfectly renovated kitchen, while the 2nd floor brings the fun with an expansive game room, wet bar, and built-in work area. Professional murals adorn the walls and ceilings, giving the entire home a warm, welcoming feel. It's got more walk-in closet space than you've ever seen, full-size doors to the numerous attic spaces, and cool "Harry Potter" closets and crawl spaces that kids, pets (and adults) will love. With about 1/3 of an acre, the home enjoys a large front and back yard, complete with irrigation, privacy fencing, an in-ground pool and hot tub, and a generous covered patio. This home is a true find, and a rare gem.

Investor Tools

Property Icon
$395,000
Estimated Property Value
$354,913Estimated Mortgage Balance
$40,087Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$586/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,060
$310,984
2025
$36,000
$274,984
$310,984
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,060
$310,984

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Conventional
$359,100
No
First
Sep 25, 2025
Oct 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,913
$40,087
10%
90%
$2,153/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.

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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: Killeen

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