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$234,900

1540 Murray Drive, Garland, TX, 75042

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths802 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$292.89 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26124500060260000
SubdivisionCrest Ridge Estates
Land UseResidential
Legal DescriptionCREST RIDGE ESTATES 3 BLK 6 LT 26 INT2016003090157 DD09202016 CO-DC 1245000602600 1CG12450006
Census Tract018600
Assessment Year2025

About this property

Beautifully remodeled and move in ready, this stylish ranch home offers the updates buyers want and major improvements that add value, including a brand new roof, completed foundation work with a lifetime transferable warranty for added peace of mind, and PVC plumbing with no cast iron pipes. Filled with natural light and designed with today's buyer in mind, the open layout features luxury laminate flooring throughout, fresh interior and exterior paint, decorative lighting, new plumbing fixtures, new ceiling fans in every room, and no carpet anywhere in the home. The stunning kitchen serves as the heart of the home with all new cabinetry, quartz countertops, a large island with designer detail, pantry storage, brand new gas range with oven, microwave, dishwasher, disposal, refrigerator, and a modern vent hood that creates a fresh custom feel with both style and function. The beautifully updated bathroom features a new vanity, toilet, tub, tile, and updated finishes throughout. Additional improvements include brand new windows, a brand new wood privacy fence, and a washer and dryer that convey with the home for added convenience. Step outside to a spacious backyard shaded by mature trees with room for pets, entertaining, gardening, or creating your own outdoor retreat, while the one car garage adds convenience and storage. Located in Garland ISD with school choice options, this home combines thoughtful updates, style, and move in ready living in one inviting package. Lender incentives with preferred lender. See agent for details.

Investor Tools

$0Estimated Mortgage Balance
$150,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,409 /month
Positive
Cash Flow Estimate:
$470 /month

Interested in this property?

Tara Mcgraw

Christie's Lone Star

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$129/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$801
$150,000
2025
N/A
N/A
$150,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$801
$150,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$150,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
15.8%

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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1540 Murray Drive | Property Details | No Agent List