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$266,030

1602 Park Ave, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths825 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.88 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Lot Size7,800 sqft

Building Information

Year Built1952
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26209500030260000
Lot Number26
SubdivisionGarland Park
Land UseResidential
Legal DescriptionGARLAND PARK BLK 3 LOT 26 INT202300133910 DD07062023 CO-DC 2095000302600 1CG20950003
Census Tract018600
Assessed Land Value$50,000
Assessed Improvement Value$216,030
Assessment Year2025

About this property

**** Multiple Offers Received : All Offers Due Sunday 4-2-23 @ Noon. Located in the Heart of Garland, this Charmer will not disappoint, from the Beautiful Original Hardwood Flooring to the Timeless Glass Doorknobs on most of the Original Doors. Sitting on an oversized lot, bring all your outdoor ideas, the possibilities are endless. 2 Bedrooms 1 Bath that has been updated. Step inside to the Living that is open to the Dining area. Kitchen with just the right amount of cabinet and counter space. Bring all your personal touches ! 1 car garage. Price reflects the updates and improvements needed.

Investor Tools

Property Icon
$266,030
Estimated Property Value
$250,800Estimated Mortgage Balance
$28,216Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$488/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,531
$266,030
2025
$50,000
$216,030
$266,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,531
$266,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Rate Financial Group
Conventional
$250,800
No
First
Jul 6, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,814
$28,216
10%
89%
$1,504/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,504/mo
+$468/mo
8.9%

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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