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$250,000

507 Welford Ln, Highlands, TX, 77562

$325,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,727 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$91.68 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator Included, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Lot Size13,800 sqft

Building Information

Year Built1993
Stories2
Garage Spaces3

Land Information

APN1151750040050
Lot Number50,51
SubdivisionHighland Woods
Land UseResidential
Legal DescriptionLTS 50 & 51 BLK 4 HIGHLAND WOODS SEC 2
Census Tract252901
Assessed Land Value$82,800
Assessed Improvement Value$276,154
Assessment Year2025

About this property

A rare double lot, three garage spaces, and a substantial renovation opportunity in Highlands Woods II. The primary bedroom is located downstairs and the formal living and dining rooms offer flexibility for a home office. The upstairs game room includes 2 closets for additional storage. A two-car attached garage and one-car detached garage provide room for parking, storage, or a workshop. The backyard features a pool with hot tub, covered patio, and small storage shed. The pool pump works; the pool heater does not. Roof replaced in March 2026. The home otherwise retains its original finishes and has had no updates since construction. This property needs extensive TLC & repairs throughout. Sold as-is, with the condition reflected in the opportunity to take on a substantial project. Neighborhood amenities include boat ramp access, while the Highlands Community Center, trails, playgrounds, and splash pad are nearby. Convenient access to I-10, Spur 330, and Hwy 146.

Investor Tools

$0Estimated Mortgage Balance
$358,954Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$325,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$341/month
$249/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,300
$358,954
2025
$82,800
$276,154
$358,954
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,300
$358,954

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$358,954
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$249/mo
+$1,977/mo
7.4%

City: Highlands

507 Welford Ln | Property Details | No Agent List