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$426,000

NAL Estimated Property Value

1516 Creekside Dr, Mansfield, TX, 76063

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,325 Sq Ft
price_per_sqft$184.52 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater

Exterior

Lot Size12,001 sqft

Building Information

Year Built1994
Stories1
Garage Spaces2

Land Information

APN808H-5-79
Lot Number79
SubdivisionArbors Of Creekwood Addn, The
Land UseResidential
Legal DescriptionARBORS OF CREEKWOOD ADDN, THE BLOCK 5 LOT 79
Census Tract111319
Assessed Land Value$80,000
Assessed Improvement Value$332,790
Assessment Year2025

About this property

Freshly updated and beautifully cared for, this 4-bedroom, 2-bath home sits on a spacious quarter-acre corner lot and offers the perfect blend of style, comfort, and convenience. Step inside to an inviting open layout with vaulted ceilings and seamless sight lines from the living room to the dining area, creating a bright, connected space ideal for both everyday living and entertaining. Recent upgrades add tremendous value, including a gas tankless water heater, updated hardware and shutters, new kitchen appliances, and a fully remodeled guest bathroom. In 2022, the sellers replaced all window glass and refreshed the exterior paint. Even better—the entire roof and HVAC system were replaced in 2021, offering peace of mind for years to come! The chef-inspired kitchen anchors the home with generous counter space, updated appliances, and effortless flow to the main gathering areas. The thoughtful split-style layout places the primary suite in its own peaceful corner, complete with built-ins for added function, while the secondary bedrooms remain nearby yet well-separated for privacy and practicality. Outside, the expansive backyard is a true bonus—featuring a brand-new fence and plenty of room to relax, garden, entertain, or design your dream outdoor retreat. Lovingly maintained by only its third owners over 25 years, this smoke-free home reflects pride of ownership throughout. Located near top-rated amenities and within highly acclaimed Mansfield ISD, this property offers exceptional livability in a prime location!

Investor Tools

Property Icon
$426,000
Estimated Property Value
$559,983Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$725/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,576
$412,790
2025
$80,000
$332,790
$412,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,576
$412,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homelight Home Loans Inc
Stand Alone Second / Subordinate Position
$147,549
No
First
Nov 3, 2025
Mar 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$559,983
N/A
0%
131%
$3,380/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,000/mo
$3,780/mo
$-780/mo
8.5%

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: Mansfield

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1516 Creekside Dr | Property Details | No Agent List