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$198,000

NAL Estimated Property Value

2240 Tarpley Road 322, Carrollton, TX, 75006

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths932 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$171.57 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size11.22 acres

Building Information

Year Built1982
Stories2
Roof Type105

Land Information

APN14095250000Q00211
SubdivisionRidgeline Townhome Condominium
Land UseResidential
Legal DescriptionRIDGELINE TOWNHOME CONDOMINIUM RIDGELINE GARDEN APT SUBD BLDG Q UNIT 1 APT 211 CE 0.4818% INST200503593747 DD11032005 CO-DC
Census Tract013722
Assessment Year2025

About this property

Beautiful condo with vaulted ceiling in Carrollton close to Addison. Ready for move in with updates including new HVAC system, nest thermostat, tile in entry, kitchen and bathrooms, backsplash, front door, alarm system, and tile surround in showers. Maintenance-free living lifestyle for those that are too busy to do yard work or need to lock and leave. HOA includes water, trash, lawn care, sprinkler system, outside maintenance, two pools and clubhouse.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$26,769Estimated Mortgage Balance
$171,231Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
$158/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,536
$170,880
2025
N/A
N/A
$170,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,536
$170,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Lending Partners Ltd
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$59,200
No
First
Nov 3, 2005
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$26,769
$171,231
86%
14%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$158/mo
+$1,462/mo
9.8%

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: Carrollton

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2240 Tarpley Road 322 | Property Details | No Agent List