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$229,000

1605 Cardinal Way, Aubrey, TX, 76227

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,733 Sq Ft
price_per_sqft$132.14 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Pre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator

Exterior

Lot Size6,264 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR265142
Lot Number5
SubdivisionPaloma Creek Ph 2
Land UseResidential
Legal DescriptionPALOMA CREEK PH 2 BLK S LOT 5
Census Tract020123
Assessed Land Value$75,576
Assessed Improvement Value$238,946
Assessment Year2025

About this property

Located in the highly desirable Paloma Creek master-planned community with access to outstanding HOA amenities, this well-maintained foreclosure property offers exceptional value and is far from the typical distressed home. A welcoming covered front porch and mature shade trees create great curb appeal, while the two-car garage and in-ground sprinkler system add convenience. Inside, the spacious main living area features a cozy wood-burning fireplace, perfect for relaxing or entertaining. The kitchen is equipped with an island, pantry, electric range, built-in microwave, dishwasher, disposal, and refrigerator, with a skylight providing abundant natural light. A second living area with built-in shelving and French doors offers flexible space for a home office, game room, or media room. Window blinds are installed throughout the home. The private primary suite includes a walk-in closet and en-suite bath. Outside, enjoy a large fenced backyard shaded by mature trees, providing plenty of room for outdoor activities and gatherings. Being sold as-is. This is a rare opportunity to purchase a clean, well-cared-for foreclosure property in an established community with excellent amenities. Schedule your showing today! *****This is a REO bank-owned property that has already been foreclosed. Property will be conveyed by Warranty Deed. Seller will pay property taxes, HOA assessments and liens through closing. Vacant and available for immediate possession upon closing and funding. No loan assumption available; buyer must obtain new financing or pay cash. Seller will not negotiate repairs. Contract includes inspection and financing contingencies.

Investor Tools

$336,691Estimated 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
$1,887 /month
Positive
Cash Flow Estimate:
$629 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,883
$314,522
2025
$75,576
$238,946
$314,522
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,883
$314,522

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Va
$349,242
Yes
First
Jul 2, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$336,691
N/A
0%
107%
$2,094/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$2,369/mo
+$451/mo
10.8%

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: Aubrey

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1605 Cardinal Way | Property Details | No Agent List