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$430,000

508 Thelma Dr, Olmos Park, TX, 78212

$559,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,162 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$198.89 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size3,000 sqft

Building Information

Year Built1983
Stories2
Roof Type109
Garage Spaces2

Land Information

APN04038-100-0100
Lot Number10
Subdivision93402 Olmos Park Area 1
Land UseResidential
Legal DescriptionCB 4038 BLK 4 LOT E 24.69 FT OF LOT 10 EXC E .52 FT
Census Tract190800
Assessed Land Value$194,160
Assessed Improvement Value$235,840
Assessment Year2025

About this property

Welcome to fabulous Olmos Park and discover this hidden gem of a city ensconced in the middle of it all! This charming town is noted for its park-like setting, tree-lined streets and large estates along with this coveted tiny enclave of townhomes with NO HOA! Children in Olmos Park attend the highly-rated Alamo Heights Public Schools, with bus service to Howard Early Childhood Center directly on Thelma Dr. Just one block east of McCullough Ave you'll experience convenient access to charming restaurants, shopping, recreation at Olmos Basin Park and stimulating lectures, theater & concerts open to the public at nearby Trinity University. Clerestory Windows are a Highlight and provide a Sun-Lit & Cheery Interior to the Heart of the Home. This Property has Great Flow and was Built for Entertaining with High Ceilings, Floating Staircase, Cozy Fireplace, Wet Bar and Open Living, Dining & Kitchen. The Formal Dining is Large Enough for a Table for Ten with Built-In China Cabinet & Drawers and Features its Own AC! The Large Open Kitchen Boasts a Breakfast Bar, Stainless Steel Appliances and Ample Cabinetry. Spacious Primary Bedroom Downstairs features a Fireplace, Sitting Area, Double Vanity, Walk-In Shower & Huge Closet! 2 Generous-Sized Upstairs Bedrooms share a Hall Bath with Double Vanity and Tile Surround Tub. The Popcorn Ceilings have been Removed and provide an open canvas to add your own personal finishes. The home has 4 AC Units (Downstairs, Dining, Upstairs & Garage for the Hobby Enthusiast). Oversized 2 Car Rear Entry Garage & 1 Car Parking in front of Unit. Back Alley Trash Collection included in City of Olmos Park Property Tax. Kitchen Refrigerator, Garage Freezer, Washer & Dryer Convey. This is your entry into THE MOST sought-after neighborhood at half the price of a similar-sized single family detached home! Don't wait.

Investor Tools

$0Estimated Mortgage Balance
$661,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$559,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,966 /month
Positive
Cash Flow Estimate:
$1,322 /month

Interested in this property?

Brenda Acevedo

Keller Williams Heritage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,910
$430,000
2025
$194,160
$235,840
$430,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,910
$430,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$661,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,631/mo
N/A
+$1,631/mo
3.0%

City: Olmos Park

508 Thelma Dr | Property Details | No Agent List