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$272,340

NAL Estimated Property Value

1815 Novel Dr, Garland, TX, 75040

$319,364 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,040 Sq Ft
price_per_sqft$142.11 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size9,014 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26462500190060000
Lot Number6
SubdivisionQuail Creek
Land UseResidential
Legal DescriptionQUAIL CREEK 4 BLK 19 LOT 6 INT202300148710 DD07252023 CO-DC 4625001900600 1CG46250019
Census Tract018203
Assessed Land Value$75,000
Assessed Improvement Value$197,340
Assessment Year2025

About this property

Welcome to 1815 Novel Dr, a property with plenty of room in the desirable city of Garland, TX! This property has had two add-ons for the extra space. The bedrooms are generously sized as well and offer a peaceful retreat at the end of the day. The master suite features an oversized walk-in closet as well as an en-suite bathroom with an updated walk in shower. The kitchen opens to the main living room and comes with black appliances and extra cabinet space. Upstairs, you will find a private living room to get away from the stresses of the day. Located in a quiet and friendly neighborhood, this property is just a short drive away from all the amenities and attractions that Garland has to offer. Whether you're looking for excellent schools, shopping, or dining options, you will find everything you need within easy reach. Come check out this wonderful opportunity today!

Investor Tools

Property Icon
$272,340
Estimated Property Value
$230,418Estimated Mortgage Balance
$41,922Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$319,364
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$630/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,192
$272,340
2025
$75,000
$197,340
$272,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,192
$272,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$243,000
No
First
Jul 25, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,418
$41,922
15%
85%
$1,457/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,457/mo
+$1,115/mo
11.3%

City: Garland

1815 Novel Dr | Property Details | No Agent List