501 Thelma Dr

Olmos Park, TX
$ 878,000 Beds 3 Baths 2 Sq 1,909
Monthly Estimate* How much can I afford?

Mid-century home set within the quiet, established fabric of Olmos Park and zoned to Alamo Heights ISD - where space, privacy, and flexibility align across an expansive lot. The main residence offers three bedrooms and two bathrooms, arranged with a practical, intuitive flow. Natural light carries through the interiors, with living spaces opening outward to the grounds, allowing the home to extend beyond its walls in a way true to its era. The lot defines the experience. Generous in scale, it allows for expansion, reconfiguration, or preservation as open space. Mature surroundings frame the property, creating a sense of separation that is increasingly difficult to replicate. A 560-sqft detached guest house introduces a second layer of utility - well suited for visitors, or workspace - complete with a full bath, kitchen, and laundry area, and positioned to function without disrupting the privacy of the main residence. Set within one of the area's most consistent and sought-after neighborhoods, 501 Thelma Dr presents a direct proposition: land, location, and optionality.

Single Family

  • Price
  • $ 878,000
  • City
  • Olmos Park
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • BEXAR
  • Half Bathrooms
  • 0
  • Area
  • 0900
  • Lot Size
  • 0.29 Acres
  • Zip
  • 78212
  • Sqr Footage
  • 1,909
  • Year Built
  • 1954
  • Taxes
  • $ 16114
  • Style
  • One Story
  • MLS#
  • 1948174
Listed By: Ignacio Garcia with Phyllis Browning Company; (210) 612-4226
Data Source: LERA MLS

Features

General

Living Area 1909
Construction Pre-Owned
Heating Central
Cooling One Central,Heat Pump,Zoned
Bathrooms 2
Subdivision OLMOS PARK
Builder Unknown
Class Single Residential
Type Single Family Detached
Style One Story
Roof Flat
HOA Mandatory None
Status Active
Attached Garage No
Neighborhood Amenities None
Home Faces South
Area 0900
Year Built 1954
High School Alamo Heights
School District Alamo Heights I.S.D.
Accessibility No Steps Down,No Stairs,First Floor Bath,Full Bath/Bed on 1st Flr,First Floor Bedroom
Proposed Terms Conventional,VA,Cash
Elementary School Cambridge
Middle School Alamo Heights
Legal Description Cb 4038 Blk 2 Lot 23,24,25 & 26
Potential Short Sale No
Taxes 16114

Interior Features

Kitchen Length 18
Kitchen Width 13
Total Bedrooms 3
Full Baths 2
Interior Features One Living Area,Liv/Din Combo,Separate Dining Room,Eat-In Kitchen,Island Kitchen,Walk-In Pantry,Utility Area in Garage,1st Floor Lvl/No Steps,Open Floor Plan,All Bedrooms Downstairs,Laundry Main Leve
Stories 1
Dining Room Length 15
Dining Room Width 10
Flooring Stained Concrete
Living Room Width 15
Heating Fuel Electric
Bedroom2 Width 15
Bedroom3 Length 15
Bedroom3 Width 14
Entry Room Length 5
Entry Room Width 6
Living Room Length 24
WINDOW COVERINGS Some Remain

Exterior Features

Exterior Brick,Siding
Foundation Slab
Pool (Y/N) No
Pool None
Lot Size 0.29
Water/Sewer City
Inclusions Ceiling Fans,Washer Connection,Dryer Connection,Cook Top,Built-In Oven,Gas Cooking,Disposal,Electric Water Heater,Solid Counter Tops,Custom Cabinets,Carbon Monoxide Detector,City Garbage service
Lot Improvements Street Paved,City Street
Garage Parking One Car Garage

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the San Antonio, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Cambridge Elementary School
Middle School Alamo Heights Middle School
High School Alamo Heights High School

Price History

4/24/2026 Listed $878,000

Property vs Zip Code Average in 78212

Price
AVG $560K
$880K
Taxes
AVG $11,071
$16,114
Year Built
AVG 1948
1954
Visits
AVG 258
367
Data Provided by Inside Real Estate®

501 Thelma Dr Olmos Park, TX is a Single Family Home for sale at $878000 with 1909 sqft and a lot size of 0.29 Acres Acre(s). 501 Thelma Dr Olmos Park has 3 bedrooms, 2 baths and was built in 1954. The property's zip code is 78212 which is in Olmos Park, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.