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$472,000

NAL Estimated Property Value

2318 Chimney Hill Drive, Arlington, TX, 76012

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,846 Sq Ft
price_per_sqft$161.63 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Laminate, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size8,638 sqft

Building Information

Year Built1976
Stories2
Garage Spaces2

Land Information

APN32960-9-9
Lot Number9
SubdivisionPrestonwood Estates Addn-Arl
Land UseResidential
Legal DescriptionPRESTONWOOD ESTATES ADDN-ARL BLOCK 9 LOT 9
Census Tract113108
Assessed Land Value$70,000
Assessed Improvement Value$355,000
Assessment Year2025

About this property

MULTIPLE OFFERS SELLERS REQUEST BEST AND HIGHEST BY 9AM, DEC 14, 2022. The home has been updated and includes an open floor plan. Updates have been made to nearly every room including the kitchen and the bathrooms. Updates in the kitchen include, maple wood cabinets, appliances including double ovens and a gas cooktop, shutters and granite countertops. The floor plan is ideal for the growing family with 3 bedrooms on the main level and two bedrooms and a bath upstairs. The secondary living room has a built in desk and cabinetry which works great for a home office. The primary bedroom is oversized and has a sitting area with a fireplace and is large enough to be used as an office as well. All of the downstairs windows were updated with vinyl windows and plantation shutters and all of the doors have been replaced. Current workbench and cabinets in the garage shall remain. New roof to be installed December 2022. Buyers to obtain survey. Mineral rights convey.

Investor Tools

Property Icon
$472,000
Estimated Property Value
$423,480Estimated Mortgage Balance
$48,520Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,832 /month
Positive
Cash Flow Estimate:
$944 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$828/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,577
$425,000
2025
$70,000
$355,000
$425,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,577
$425,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Independent Mortgage Inc
Conventional
$451,250
No
First
Jan 27, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$423,480
$48,520
10%
90%
$2,706/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,706/mo
$-779/mo
4.9%

City: Arlington

2318 Chimney Hill Drive | Property Details | No Agent List