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$220,670

NAL Estimated Property Value

117 E Avenue E, Garland, TX, 75040

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,119 Sq Ft
price_per_sqft$133.15 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop
FlooringLaminate, Linoleum

Exterior

Lot Size7,425 sqft

Building Information

Year Built1948
Stories1
Roof Type105

Land Information

APN26555500010050000
Lot Number5
SubdivisionSouthern Gardens
Land UseResidential
Legal DescriptionSOUTHERN GARDENS BLK A LT 5 VOL2002115/5171 DD06032002 CO-DC 5555000100500 32655550001
Census Tract018204
Assessed Land Value$60,000
Assessed Improvement Value$160,670
Assessment Year2025

About this property

This property presents a remarkable opportunity for those seeking to transform a potential-filled residence into a stunning family home. While it currently requires significant tender loving care (TLC), its inherent possibilities are undeniable. Imaginative families will relish the chance to infuse their personal touch throughout this expansive space. The main house is complemented by an additional bonus area located at the rear of the property. This bonus area is equipped with a fully functional kitchen, a combined dining and living area, a bedroom, and a full bathroom, making it ideal for extended family or guests, or renting it out for extra income. Further enhancing the property's allure is the potential for an unfinished loft in the attic. Accessible from the bonus area; it can also accommodate an external entrance from the backyard via pre-existing metal stairs, pending completion of the doorway. This versatile space could serve as a creative studio, office, or additional living quarters once finished. The property's exterior is equally impressive, boasting a large backyard covered entirely in gravel, thus eliminating the need for grass upkeep. It features a covered work shed, perfect for storage or as a workspace for vehicle enthusiasts or hobbyists. The backyard is securely fenced, providing safe vehicle storage with alley access and a convenient wheeled gate for easy entry and exit.This distinctive property is an essential viewing for investors or families eager to apply the final customized touches and refine it into an extraordinary home. The possibilities are vast, and with the right vision, this residence can truly shine.

Investor Tools

Property Icon
$220,670
Estimated Property Value
$13,078Estimated Mortgage Balance
$207,592Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,324 /month
Positive
Cash Flow Estimate:
$441 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,735
$220,670
2025
$60,000
$160,670
$220,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,735
$220,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
National City Mtg Co
Fha
$42,335
Yes
First
Jun 3, 2002
Jun 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$13,078
$207,592
94%
6%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
N/A
+$1,565/mo
8.5%

City: Garland

117 E Avenue E | Property Details | No Agent List