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$207,840

NAL Estimated Property Value

1602 Marion Dr, Garland, TX, 75042

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,030 Sq Ft
price_per_sqft$194.17 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size7,680 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26122500050030000
Lot Number3
SubdivisionCrest Ridge
Land UseResidential
Legal DescriptionCREST RIDGE ESTATES BLK 5 LOT 3 INT202500130197 DD06232025 CO-DC 1225000500300 1CG12250005
Census Tract018600
Assessed Land Value$50,000
Assessed Improvement Value$157,840
Assessment Year2025

About this property

Charming 2-Bedroom, 1-Bath Home with Modern Updates on Spacious Lot Nestled on a peaceful, quiet street, this delightful 2-bedroom, 1-bath home offers a perfect blend of vintage charm and contemporary upgrades. Situated on a generous, larger-than-average lot, this property provides ample space for outdoor enjoyment, gardening, or future expansion. The home has undergone thoughtful remodel work, featuring refreshed interiors that enhance its cozy appeal while maintaining its classic character. Key highlights include a convenient carport for covered parking and a standout exterior storage shed equipped with power—ideal for a workshop, hobby space, or additional storage needs. Whether you're a first-time buyer, downsizing, or seeking a unique property with room to grow, this home offers endless possibilities in a serene setting. Don’t miss your chance to own this gem with both comfort and potential.

Investor Tools

Property Icon
$207,840
Estimated Property Value
$190,874Estimated Mortgage Balance
$16,966Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,247 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,726
$207,840
2025
$50,000
$157,840
$207,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,726
$207,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$194,000
No
First
Jun 23, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,874
$16,966
8%
92%
$1,164/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,164/mo
+$401/mo
9.0%

City: Garland

1602 Marion Dr | Property Details | No Agent List