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$317,000

NAL Estimated Property Value

718 Elmwood Dr, Abilene, TX, 79605

$350,859 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,470 Sq Ft
price_per_sqft$76.52 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringCarpet

Exterior

Exterior FeaturesCourtyard, Outdoor Grill
Lot Size11,252 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces2

Land Information

APN25250000200
Lot Number3,4
SubdivisionElm Place Of H Ward
Land UseResidential
Legal DescriptionELM PLACE OF H WARD, LOT 4 & S/2 OF 3
Census Tract011500
Assessed Land Value$33,075
Assessed Improvement Value$150,245
Assessment Year2025

About this property

Hidden gem in the highly sought after Elmwood area! This property offers 3 bedrooms, 2.5 half bathrooms including a Jack and Jill bathroom between the 2 guest bedrooms, seperate dinning, a formal living space with a fireplace, built in shelves and extra large windows(would also make a fantastic office), the large family room has a fireplace with 2 doors leading out to the back patio and there is also an inviting entryway with a coat closet, perfect for greeting your family and friends. Bring your ideas plus your love for renovating and bring this family home back to life! 718 Elmwwod is now safe, sound and it functions! Property did appraise for contract value, however marked unsafe and it did not function. All 3 toilets have been replaced, faucet was added to the unworking shower, carpet was removed from the back bedroom plus several other items made safe. SOLD AS IS, WHERE IS Property Information Deemed Reliable, but not Guaranteed.

Investor Tools

Property Icon
$317,000
Estimated Property Value
$0Estimated Mortgage Balance
$317,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$350,859
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,902 /month
Positive
Cash Flow Estimate:
$634 /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
$4,155
$183,320
2025
$33,075
$150,245
$183,320
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$4,155
$183,320

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$317,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
N/A
+$1,430/mo
5.4%

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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