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$469,900

1715 Covemeadow Drive, Arlington, TX, 76012

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,646 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.59 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven
FlooringCeramic Tile, Vinyl

Exterior

Lot Size9,775 sqft

Building Information

Year Built1973
Stories1
Garage Spaces3

Land Information

APN32960-6-12
Lot Number12
SubdivisionPrestonwood Estates Addn-Arl
Land UseResidential
Legal DescriptionPRESTONWOOD ESTATES ADDN-ARL BLOCK 6 LOT 12
Census Tract113108
Assessed Land Value$70,000
Assessed Improvement Value$263,038
Assessment Year2025

About this property

Fully Updated, Move-In Ready, Oversized Lot in Arlington TX. Welcome to this beautifully reimagined Arlington home, where modern upgrades meet everyday comfort. Situated on an oversized lot with mature trees and inviting curb appeal, this fully renovated, turnkey property offers the perfect blend of style, space, and functionality. Step inside to a bright, open-concept layout featuring luxury vinyl plank flooring, fresh designer paint, and abundant natural light throughout. Multiple living and dining areas create a seamless flow—ideal for both entertaining and daily living. The heart of the home is the completely remodeled kitchen, designed to impress with: quartz countertops, stainless steel appliances, custom cabinetry, stylish backsplash, and grand backyard. The spacious primary suite serves as a private retreat, complete with an updated ensuite bath and walk-in shower. Secondary bedrooms are generously sized and offer flexibility for guests, family, or a home office. Additional highlights include: Updated bathrooms with modern finishes, designer lighting and fixtures throughout, large sunroom or bonus living space perfect for a game room, office, or second living area, open-concept floor plan with flexible use spaces. Step outside to an expansive backyard with mature trees and plenty of room to entertain, relax, or even add a pool—a rare find in this area. Conveniently located near shopping, dining, major highways, and entertainment, this home offers both comfort and accessibility in the heart of Arlington. Move-in ready. Fully updated. Designed for today’s lifestyle.

Investor Tools

Property Icon
$465,000
Estimated Property Value
$0Estimated Mortgage Balance
$192,248Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,819 /month
Positive
Cash Flow Estimate:
$940 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$618/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,092
$333,038
2025
$70,000
$263,038
$333,038
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,092
$333,038

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Susser Bank
Arm (Adjustable Rate Mortgage)
$276,000
No
First
Jul 12, 2024
Jan 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,752
$192,248
41%
59%
$2,321/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,321/mo
$-394/mo
5.0%

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.

Explore Texas Explore This Area
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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1715 Covemeadow Drive | Property Details | No Agent List