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Days43Days on Market
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$272,000

761 Redwood Dr, Abilene, TX, 79603

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,574 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.81 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringLaminate

Exterior

Exterior FeaturesBarbecue, Gas Grill, Private Yard, Storage, Other
Lot Size11,173 sqft

Building Information

Year Built1955
Stories1
Roof Type172
Garage Spaces1

Land Information

APN68400015100
Lot Number7
SubdivisionWoodlawn Addn
Land UseResidential
Legal DescriptionWOODLAWN ADDN, BLOCK F, LOT 7
Census Tract011300
Assessed Land Value$17,320
Assessed Improvement Value$210,734
Assessment Year2025

About this property

Beautiful 3 bedroom, 1.5 bath home ready for its next owner in well established neighborhood! Whether you’re looking for your new home or a great investment opportunity, this property offers flexibility and income potential. Currently operating as a successful investment property, it has been generating approximately $225 a day. The home comes fully furnished, making it a turnkey option for immediate occupancy or a continued investment. This property features a large living area perfect for entertaining family and friends with a comfortable layout with spacious bedrooms, convenient half bath, and everything included to make the transition seamless. Updated baths, all new appliances except the cooktop, all lighting and many other updates. Beautiful laminate floors in bedrooms. New roof and exterior paint. Large back yard with storage shed. Nice screened in back porch. Great curb appeal. Don’t miss this opportunity to own a move-in ready property with proven potential!

Investor Tools

Property Icon
$222,133
Estimated Property Value
$163,000Estimated Mortgage Balance
$56,336Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

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Jonathan Jones

KW SYNERGY*

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,299
$222,133
2025
$17,320
$210,734
$228,054
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,299
$222,133

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$4,708
Yes
First
Aug 21, 2023
Feb 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,797
$56,336
25%
75%
$1,007/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: Abilene

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761 Redwood Dr | Property Details | No Agent List