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$500,000

850 Elmwood Dr, Abilene, TX, 79605

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,914 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.59 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Water Heater, Double Oven
FlooringCeramic Tile, Hardwood, Tile, Wood

Exterior

Exterior FeaturesFire Pit, RV Hookup, Storage, Garden
Lot Size14,000 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces5

Land Information

APN28800002500
Lot Number9,10
SubdivisionFair Park Extension
Land UseResidential
Legal DescriptionFAIR PARK EXTENSION, LOT 9 & 10, OUTLOT 2
Census Tract011500
Assessed Land Value$58,800
Assessed Improvement Value$211,226
Assessment Year2025

About this property

Step into Elmwood’s ultimate entertainer’s home, where a spacious, tree-shaded lot, expansive bonus room, and resort-style backyard create the perfect setting for gathering, relaxing, and enjoying life to the fullest. This beautifully move in ready 3-bedroom, 2.5-bath home combines modern updates with timeless charm in one of Abilene’s most desirable neighborhoods. The striking stone exterior sets the tone for what awaits inside. Hardwood floors and new tile create warmth and continuity throughout the home, while natural light fills every room, enhancing the inviting and comfortable atmosphere. The fully renovated kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, custom cabinetry, and an open flow into the living and dining areas. The layout makes entertaining effortless and everyday living seamless. A standout feature is the expansive bonus room, offering flexible space for a media room, game room, home office, creative studio, second living area, or personal retreat. The primary suite is a true sanctuary, complete with a spa-inspired en-suite bath featuring dual vanities, an oversized walk-in shower, a jetted soaking tub, and elegant finishes. Two additional generously sized bedrooms share a beautifully updated full bath, and a convenient half bath accommodates guests. The backyard delivers a private resort-style experience. Enjoy a three-hole putting green, pergola for shaded gatherings, cozy outdoor fireplace, hot tub for relaxing evenings, greenhouse for gardening enthusiasts, and a covered RV hookup with parking. The combination of amenities and space makes this outdoor area ideal for entertaining or unwinding in comfort. This property blends established neighborhood charm with thoughtful updates and exceptional indoor and outdoor living. Buyer to verify square footage, schools, and room dimensions.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$175,000Estimated Mortgage Balance
$168,472Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,317
$270,026
2025
$58,800
$211,226
$270,026
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,317
$270,026

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank Texas Ssb
Unknown
$175,000
No
First
Nov 14, 2013
Nov 2019

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,528
$168,472
33%
66%
$2,440/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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850 Elmwood Dr | Property Details | No Agent List