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$171,160

1513 E Interstate 30 131, Garland, TX, 75043

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths778 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$199.23 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Lot Size3.03 acres

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN26405000000F00131
Lot Number1
SubdivisionFaulkner Point North 3/Northpoint
Land UseResidential
Legal DescriptionFAULKNER POINT NORTH 3/NORTHPOINT BLK 1 LT 1 FAULKNER PT NORTH #3 BLDG F UNIT 131 CE 1.3725% INTT202200237358 DD09012022
Census Tract018137
Assessed Land Value$18,090
Assessed Improvement Value$153,070
Assessment Year2025

About this property

Lakefront Gated Community - North Point on the Lake. Come see this Adorable 2 Bedroom 1 Bath First-Floor Condo with views of the landscaped courtyard and pool area. Features include an open floor plan with a corner wood-burning fireplace, an open kitchen with breakfast bar, a dining room leading to a cute covered patio, recessed lighting, two sizeable bedrooms, a walk-in closet & decorative light fixtures. Outside you will find a covered courtyard patio with 2x6-ish locked storage closet. Take a stroll down to the Lakefront Park area overlooking Lake Ray Hubbard with Walk-Paths, Grills, Picnic Tables, & Fishing. Close to BassPro, Rockwall Harbor, Local Dining, Shopping, and Highways. Selling AS IS. Multiple offers were received. Please submit by noon on 8-1.

Investor Tools

Property Icon
$171,160
Estimated Property Value
$0Estimated Mortgage Balance
$44,429Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,027 /month
Positive
Cash Flow Estimate:
$342 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
$221/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,139
$171,160
2025
$18,090
$153,070
$171,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,139
$171,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$136,000
No
First
Sep 1, 2022
Oct 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,731
$44,429
25%
74%
$816/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,037/mo
+$528/mo
11.0%

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: Garland

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