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$305,970

NAL Estimated Property Value

1502 Marfa Ave, Dallas, TX, 75216

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,551 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.57 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Microwave
FlooringVinyl

Exterior

Lot Size9,032 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000303532000000
Lot Number9
SubdivisionLiberty Heights
Land UseResidential
Legal DescriptionLIBERTY HEIGHTS BLK 32/4090 LOT 9 INT202400015959 DD01252024 CO-DC 4090 032 00900 2004090 032
Census Tract005700
Assessed Land Value$95,000
Assessed Improvement Value$210,970
Assessment Year2025

About this property

THIS NEW CONSTRUCTION HOME IS PRICED TO SELL! This beautiful new build in Oakcliff features 3 bedrooms, 2 bathrooms, 1551 square feet, has an open floor plan, quartz countertops, stainless steel appliances and gorgeous bathrooms with modern finish outs. The large quartz kitchen island overlooks the living area making this home a great layout for entertaining your family and friends. WON'T LAST LONG. (Realtors to learn more about the program please read the offer instructions in Transaction Desk.) Purchase is restricted by income. Buyers must be qualified by the City of Dallas in order to purchase. Buyer household income must be between 80-120% AMI. Restrictive covenants will restrict the occupancy of the Affordable Housing Unit for five (5) years from the date the home is sold to a qualified buyer. Completion date expected late December. More photos will be added as construction progresses. This home is part of the Land Bank Program.

Investor Tools

Property Icon
$305,970
Estimated Property Value
$247,336Estimated Mortgage Balance
$58,634Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$697/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,839
$305,970
2025
$95,000
$210,970
$305,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,839
$305,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Fha
$258,236
Yes
First
Jan 25, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,336
$58,634
19%
81%
$1,549/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,549/mo
+$423/mo
7.7%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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1502 Marfa Ave | Property Details | No Agent List