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$273,000

NAL Estimated Property Value

1918 Meridian Way, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,703 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.16 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCeramic Tile, Wood

Exterior

Lot Size7,540 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN264005000302300DV
Lot Number23
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 6 BLK C LT 23 DV ACCT - SEE 26400500030230000 INT200900251159 DD08282009 CO-DC 4005000302300 1CG40050003
Census Tract018121
Assessed Land Value$27,500
Assessed Improvement Value$120,450
Assessment Year2025

About this property

Beautifully maintained 3-bedroom, 2-bath home in the heart of Garland! Located in a desirable neighborhood with multiple school options, this upgraded home offers spacious living, practical features, and standout curb appeal. Inside, enjoy a large galley-style kitchen with ample cabinetry, an electric stove, and pantry space—ideal for prepping and gathering. The layout includes two living areas, a dining space, and a cozy wood-burning fireplace perfect for relaxed evenings. Recent enhancements include plantation shutters, a remote-controlled electric gate with back alley access, and a storage shed less than 2 years old. Outside, you’ll find not one but two standout features: a covered patio, perfect for outdoor entertaining, and a separate carport that accommodates up to six vehicles—keeping them protected rain or shine. This home combines charm with thoughtful upgrades, offering comfort and flexibility for all stages of homeownership. Buyer and buyer’s agent to independently verify all information including square footage, school zoning, and lot size. Professional photos coming soon.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$0Estimated Mortgage Balance
$273,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$294/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$147,950
2025
$27,500
$120,450
$147,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$147,950

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
8.7%

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: Garland

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1918 Meridian Way | Property Details | No Agent List