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$780,000

1815 Gresham Dr, Farmers Branch, TX, 75234

On MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,094 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.1 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,891 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN241055400D0180000
Lot Number18
SubdivisionKensington Place
Land UseResidential
Legal DescriptionKENSINGTON PLACE BLK D LT 18 ACS 0.1353 INT202200308490 DD12052022 CO-DC 1055400D01800 2CF1055400D
Census Tract014002
Assessed Land Value$90,000
Assessed Improvement Value$627,960
Assessment Year2025

About this property

Welcome to 1815 Gresham Drive in the heart of Farmers Branch, TX 75234—an exceptional opportunity to own a BEAUTIFULLY MAINTAINED HOME in a PRIME LOCATION with convenient access to major highways, shopping, dining, and entertainment. From the moment you step inside, you’ll be captivated by the SOARING HIGH CEILINGS and abundance of NATURAL LIGHT that create an OPEN, AIRY, AND INVITING ATMOSPHERE throughout the home. This CHARMING RESIDENCE offers a THOUGHTFULLY DESIGNED FLOOR PLAN with spacious living areas perfect for both everyday living and entertaining guests. The EXPANSIVE LIVING ROOM with VAULTED CEILINGS seamlessly flows into the dining space and well-appointed kitchen, featuring AMPLE CABINETRY, generous counter space, and functionality designed for all your culinary needs. The home features COMFORTABLE AND SPACIOUS BEDROOMS with flexible layouts ideal for family living, guest accommodations, or a home office setup. The PRIMARY SUITE serves as a PRIVATE RETREAT with plenty of room to relax and unwind. Step outside to enjoy a LARGE BACKYARD perfect for entertaining, gardening, pets, or simply enjoying peaceful evenings outdoors. Whether you're a first-time homebuyer, growing family, or investor, this property offers the perfect combination of LOCATION, SPACE, AND VALUE. Ideally situated in a HIGH-DEMAND AREA near Addison, Brookhaven College, Downtown Dallas, and major employment centers, this home provides EASY ACCESS TO SHOPPING, DINING, PARKS, AND ENTERTAINMENT while still offering the comfort of an established neighborhood. DON’T MISS THIS INCREDIBLE OPPORTUNITY to own a home with HIGH CEILINGS, SPACIOUS LIVING, AND UNBEATABLE CONVENIENCE in one of the Metroplex’s most DESIRABLE LOCATIONS!

Investor Tools

$588,553Estimated Mortgage Balance
$191,447Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,680 /month
Positive
Cash Flow Estimate:
$1,560 /month

Interested in this property?

Tobi Oluwafemi

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$994/month
$134/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,024
$717,960
2025
$90,000
$627,960
$717,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,024
$717,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$628,250
No
First
Dec 5, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$588,553
$191,447
24%
75%
$3,767/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,600/mo
$3,901/mo
$-1,301/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.

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: Farmers Branch

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1815 Gresham Dr | Property Details | No Agent List