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B+
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Days24Days on Market
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$550,000

$575,000

1724 Prestonwood Drive, Arlington, TX, 76012

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths3,309 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.21 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters
Lot Size18,330 sqft

Building Information

Year Built1900
Stories2
Garage Spaces3

Land Information

APN32960-4-12
Lot Number12
SubdivisionPrestonwood Estates Addn-Arl
Land UseResidential
Legal DescriptionPRESTONWOOD ESTATES ADDN-ARL BLOCK 4 LOT 12
Census Tract113108
Assessed Land Value$87,500
Assessed Improvement Value$451,249
Assessment Year2025

About this property

Perched on a beautifully treed .42-acre lot, this distinctive multi-level home offers space, character, and exceptional outdoor living. Designed to take advantage of the fabulous views, the home features soaring ceilings, walls of windows, and a dramatic stone fireplace that anchors the main living area. The flexible floorplan includes 3 bedrooms, 3 full baths, plus a versatile bonus room ideal for a home office, formal dining, or additional living space. The oversized primary retreat offers abundant space along with a spacious ensuite bath featuring dual vanities, soaking tub, and separate shower. The updated kitchen is equipped with stainless appliances, farmhouse sink, island workspace, and generous storage. Downstairs, an expansive secondary living area provides endless possibilities for a game room, media room, or guest retreat. Step outside to enjoy multiple outdoor living spaces, including elevated decks overlooking the backyard oasis. The recently remodeled swimming pool is perfectly positioned within the private backyard surrounded by mature trees, creating a peaceful retreat for relaxing or entertaining. Car enthusiasts and adventurers will appreciate the 3-car garage, extra RV parking, and circular drive offering ample parking and convenience. A truly one-of-a-kind property. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer homeownership course on the homepath website and receive up to 3% closing cost assistance. Check HomePath website for more details. Restrictions apply. Some photos have been digitally enhanced or virtually staged. Buyer and buyer's agent to verify all information.

Investor Tools

Property Icon
$581,000
Estimated Property Value
$0Estimated Mortgage Balance
$581,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,486 /month
Positive
Cash Flow Estimate:
$1,162 /month

Interested in this property?

Elizabeth Deane

TDT Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,007/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,185
$538,749
2025
$87,500
$451,249
$538,749
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,185
$538,749

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$581,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
N/A
+$1,927/mo
4.0%

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: Arlington

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1724 Prestonwood Drive | Property Details | No Agent List