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$450,000

1216 Olde Towne Dr, Irving, TX, 75061

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.08 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range
FlooringHardwood, Marble, Tile

Exterior

Lot Size7,079 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN32543210030190000
Lot Number19
SubdivisionTowne Lake
Land UseResidential
Legal DescriptionTOWNE LAKE PH 2 BLK 3 LOT 19 OLDE TOWNE DR INT20080348791 DD10232008 CO-DC 5432100301900 2CI54321003
Census Tract014408
Assessed Land Value$85,000
Assessed Improvement Value$308,800
Assessment Year2025

About this property

Welcome to 1216 Old Town Dr in Towne Lake Estates. Immaculate 3 bedroom, 2 bath home with hand scraped hardwood floors throughout, granite countertops, and travertine marble finishes. 2 AC units deliver even cooling through the Texas summer. Wood decking in both the side yard and back yard creates two separate outdoor living spaces, and the two car garage adds secure parking and storage. Minutes to shopping and dining, with quick access to DFW Airport, Las Colinas, and downtown Dallas. A move in ready home in this condition and location is a rare find. Schedule your showing today.

Investor Tools

$77,165Estimated Mortgage Balance
$344,835Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Joe Goldsmith

Proxima Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$544/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,423
$393,800
2025
$85,000
$308,800
$393,800
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,423
$393,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hoang Kim Nguyen Etal
Seller Carryback / Seller Financing / Seller Take-Back
$140,000
No
First
Oct 23, 2008
Dec 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,165
$334,835
81%
18%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$840/mo
+$1,132/mo
5.6%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Irving

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1216 Olde Towne Dr | Property Details | No Agent List