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$275,880

NAL Estimated Property Value

1621 Novel Place, Garland, TX, 75040

$293,508 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,655 Sq Ft
price_per_sqft$126.89 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesStorage
Lot Size7,653 sqft

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26462500170300000
Lot Number30
SubdivisionQuail Creek
Land UseResidential
Legal DescriptionQUAIL CREEK 4 BLK 17 LOT 30 INT202100083296 DD03192021 CO-DC 4625001703000 1CG46250017
Census Tract018203
Assessed Land Value$75,000
Assessed Improvement Value$200,880
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. Newly updated 3 bedroom 2 bath home with plenty of space. Kitchen has granite ctops, travertine floors and backsplash, and stainless appliances. NEW HVAC. Large, open living area with fireplace which flows into dining room. Both baths updated with granite ctops, new tile and light fixtures. Updated paint, flooring, cfans, and LED lighting. Nice sized master bedroom with walk in closet. Large backyard with separate dog space and storage shed. Partial garage conversion still has storage area. DISCLOSURES IN DOCUMENTS. Seller has NO SURVEY.

Investor Tools

Property Icon
$275,880
Estimated Property Value
$145,279Estimated Mortgage Balance
$130,601Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$293,508
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,655 /month
Positive
Cash Flow Estimate:
$552 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,303
$275,880
2025
$75,000
$200,880
$275,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,303
$275,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aft Financial Inc
Conventional
$161,250
No
First
Mar 19, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,279
$130,601
47%
53%
$967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$967/mo
+$1,005/mo
8.6%

City: Garland

1621 Novel Place | Property Details | No Agent List