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$268,000

NAL Estimated Property Value

1425 Blanco Lane, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,346 Sq Ft
price_per_sqft$133.73 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,670 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26404520040300000
Lot Number30
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 10 BLK 4 LT 30 INT202000323224 DD11182020 CO-DC 4045200403000 1CG40452004
Census Tract018121
Assessed Land Value$55,000
Assessed Improvement Value$208,540
Assessment Year2025

About this property

Multiple offers received, no more offers being accepted. Just minutes from Firewheel mall, downtown Garland and & Rowlett Creek Reserve. This three bedroom home is ready for a new family. The home has been updated nicely with new carpeting and fresh paint throughout. The master bedroom is separated from the other two bedrooms offering privacy. The open floor plan features a large living area and and a kitchen that overlooks the family room. The kitchen has been updated including new cabinets, countertops and appliances. Master bath has also been completely redone. See income requirements in the attached documents before submitting offer.

Investor Tools

Property Icon
$268,000
Estimated Property Value
$82,022Estimated Mortgage Balance
$185,978Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,608 /month
Positive
Cash Flow Estimate:
$536 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$426/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,768
$263,540
2025
$55,000
$208,540
$263,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,768
$263,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Of Garland
Purchase Money Mortgage
$91,764
No
First
Nov 18, 2020
Jan 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,022
$185,978
69%
31%
$551/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$551/mo
+$1,421/mo
8.8%

City: Garland

1425 Blanco Lane | Property Details | No Agent List