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$235,000

1616 Creek Bank Ln, Arlington, TX, 76014

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,282 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$183.31 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size3,920 sqft

Building Information

Year Built1985
Stories2
Garage Spaces1

Land Information

APN25229C-2-93R
Lot Number93R
SubdivisionMaybrook Addition
Land UseResidential
Legal DescriptionMAYBROOK ADDITION BLOCK 2 LOT 93R & PART OF COMMON AREA
Census Tract111569
Assessed Land Value$40,000
Assessed Improvement Value$202,535
Assessment Year2025

About this property

*** Multiple Offers Received... Highest & Best offers are due by 7:30pm March 18th*** Fantastic town home located on a corner lot. Excellent floor plan features a dual master design... both bedrooms feature ensuite baths and walk in closets. Large kitchen features newer appliances, custom cabinets, and tons of counter space. The kitchen overlooks the large living room which features a woodburning fireplace. The large backyard is complete with a covered patio, a nice sized storage building, and a water feature. This home has been well maintained by the original owner... freshly painted interior walls, ceilings, and trim... new roof... foundation repaired with transferrable warranty, clear engineer's report, and a clear plumbing report. HOA fees takes care of the front yard maintenance and includes access to the community pool. This is the one you've been waiting for!!

Investor Tools

Property Icon
$242,535
Estimated Property Value
$228,950Estimated Mortgage Balance
$21,813Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,455 /month
Positive
Cash Flow Estimate:
$485 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
$65/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$351
$242,535
2025
$40,000
$202,535
$242,535
No

Tax History

Year
Tax Paid
Assessed Value
2024
$351
$242,535

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Old National Bank
Conventional
$228,950
No
First
May 17, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,722
$21,813
8%
91%
$1,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,060/mo
$1,438/mo
+$622/mo
10.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Arlington

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1616 Creek Bank Ln | Property Details | No Agent List