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$255,000

1656 Murray Dr, Garland, TX, 75042

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,805 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.27 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,017 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26123500030430000
Lot Number43
SubdivisionCrest Ridge
Land UseResidential
Legal DescriptionCREST RIDGE ESTATES 2 BLK 3 LOT 43 INT202300084423 DD04282023 CO-DC 1235000304300 1CG12350003
Census Tract018600
Assessed Land Value$50,000
Assessed Improvement Value$250,820
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED, BEST AND FINAL DUE BY SUNDAY, NOVEMBER 28th at 8:00 PM There is so much to love in this 3-2 home with wonderful curb appeal. As you enter you will see beautiful refurbished hardwood floors that carry on into the dining room and in the additional bedrooms. The master bedroom is spacious and has room for a sitting area. The living room, den, sunroom and play(flex) room make it perfect for someone who needs space to work from home. Stepping out of the sunroom, you will find a covered deck with an outdoor fireplace perfect for entertaining. The large backyard also has a fire pit, beautiful landscaping and a storage building. YOU WILL FALL IN LOVE WITH THIS COZY HOME!

Investor Tools

Property Icon
$300,820
Estimated Property Value
$240,000Estimated Mortgage Balance
$74,412Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,805 /month
Positive
Cash Flow Estimate:
$602 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$564/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,261
$300,820
2025
$50,000
$250,820
$300,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,261
$300,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$240,000
No
First
Apr 28, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,408
$74,412
24%
75%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,439/mo
+$1,133/mo
10.3%

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: Garland

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1656 Murray Dr | Property Details | No Agent List