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$273,500

2204 Shelmar Drive, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,589 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.12 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListDeal 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, Gas Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Garden
Lot Size6,852 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR153100
Lot Number5
SubdivisionLake Bluff Subd
Land UseResidential
Legal DescriptionLAKE BLUFF SUBD BLK G LOT 5
Census Tract021729
Assessed Land Value$84,128
Assessed Improvement Value$278,155
Assessment Year2025

About this property

Charming 1 story in the heart of Flower Mound. This cute 3 bedroom, 2 bath has all the right spaces in all the right places. Freshly painted w designer colors, recently replaced carpet, updated mstr shower. All fresh and clean. Open floorplan, lots of natural light flow thru the wall of windows in LR, Kit, cozy eat in kitchen, sep dining room, Door from kitchen to custom outdoor wood deck, should you want to enjoy a meal outdoors or just want to relax with a cool glass of tea. Excellent Flower Mound Schools. Come see this super clean well maintained gem in Flower Mound.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$0Estimated Mortgage Balance
$50,571Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$688/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,349
$362,283
2025
$84,128
$278,155
$362,283
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,349
$362,283

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Va
$375,000
Yes
First
Apr 22, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,429
$50,571
13%
87%
$2,249/mo

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: Flower Mound

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2204 Shelmar Drive | Property Details | No Agent List