Large Location Icon

500 Wallace Ave; Amarillo, TX Property Details

500 Wallace Ave, Amarillo, TX is a Single Family that was built in 1940. This property is currently Financed and is not for sale. Our records show that 500 Wallace Ave has 4 bedrooms, and 2.5 bathrooms, and a total of 2,430 square feet. The lot size of 500 Wallace Ave is 23,087 square feet.

Off market
500 Wallace Ave Amarillo, TX 79108
$349,000 Listing Price
4 Beds
2.5 Baths
2,430 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1940
  • Purchase Price: $146,700
  • Open Loans / Balance: 2 / $167,544
  • Est. Equity / %: $178,456 / 51.58%
  • Gross Yield: 6.291%
  • APN: 168219
  • Situs County: Potter
  • Length Of Ownership: 9 years, 6 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 8
  • Partial Bathrooms: 1

Structure

  • Floor Cover Type: Wood
  • Stories: 1
  • Exterior Wall Type: Masonry
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Good
  • Building Quality: D
  • Pool Type: Yes
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 2,430/SqFt
  • Lot: 23,087/SqFt
  • Gross: 2,592/SqFt
  • Garage: 625/SqFt
  • Living: 2,430/SqFt
  • Building: 2,430/SqFt
  • Ground: 1,278/SqFt
  • Price Per Square Foot: $60.37

Legal Description

  • Description: RANCH ACRES REPL, S PTN OF TR 24, 0.5300 ACRES - UDI: 50.000000%
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: River Road Independent School District
  • Lat / Lon: 35.292133 / -101.87589
  • Subdivision: Ranch Acres Repl
  • Property Class: Residential
  • County Use Code: 9003

Amenities

  • Pool: true
  • Plus Four: 1123
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Yes
  • Parking: 2

Ownership Info

500 Wallace Ave has no associated ownership info
500 Wallace Ave has no associated ownership info.

Taxes

500 Wallace Ave has 10 associated Taxes items

500 Wallace Ave, Amarillo, TX pays taxes in Potter County, TX. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $161,657. The APN we've located for 500 Wallace Ave is 168219.

Unlock the full report
Taxes
  • Assessed Value:  $161,657
  • Assessed Year:  2025
  • Assessed County:  Potter
  • APN:  168219
  • Assessed Land Value:  3480
  • Market Land Value:  3480
  • Tax Amount:  1810.13
  • Tax Year:  2025
  • Market Value:  161657
  • Market Year:  2025

Tax History

500 Wallace Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $161,657 Land Value $3,480 Improvement Value $158,177 Tax Amount $1,810.13 Change Rate -0.59509% Assessed CR Tax Rate +0.011197%
Year 2024 Assessed Value $318,172 Land Value Improvement Value Tax Amount $4,470.45 Change Rate +0.085169% Assessed CR Tax Rate +0.01405%
Year 2023 Assessed Value $340,078 Land Value $6,960 Improvement Value $333,118 Tax Amount $4,119.59 Change Rate -0.09453% Assessed CR Tax Rate +0.012114%
Year 2022 Assessed Value $281,531 Land Value $6,960 Improvement Value $274,571 Tax Amount $4,549.67 Change Rate +0.019797% Assessed CR Tax Rate +0.01616%
Year 2021 Assessed Value $247,630 Land Value $6,960 Improvement Value $240,670 Tax Amount $4,461.35 Change Rate +0.100353% Assessed CR Tax Rate +0.018016%
Year 2020 Assessed Value $214,569 Land Value $6,960 Improvement Value $207,609 Tax Amount $4,054.47 Change Rate +0.01497% Assessed CR Tax Rate +0.018896%
Year 2019 Assessed Value $209,060 Land Value $6,960 Improvement Value $202,100 Tax Amount $3,994.67 Change Rate +0.029732% Assessed CR Tax Rate +0.019108%
Year 2018 Assessed Value $198,042 Land Value $6,960 Improvement Value $191,082 Tax Amount $3,879.33 Change Rate +0.4537% Assessed CR Tax Rate +0.019588%
Year 2017 Assessed Value $196,200 Land Value $6,960 Improvement Value $189,240 Tax Amount $2,668.59 Change Rate -0.99% Assessed CR Tax Rate +0.013601%
Year 2016 Assessed Value $191,801 Land Value $6,960 Improvement Value $184,841 Tax Amount $266,859 Change Rate +0.124374% Assessed CR Tax Rate +1.391333%
Year 2015 Assessed Value $191,801 Land Value $6,960 Improvement Value $184,841 Tax Amount $237,340 Change Rate +81.19965% Assessed CR Tax Rate +1.237428%
Year 2014 Assessed Value $183,812 Land Value $6,960 Improvement Value $176,852 Tax Amount $2,887.36 Change Rate Assessed CR Tax Rate +0.015708%