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$159,900

2803 Rio Branco Street 101J, Farmers Branch, TX, 75234

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths917 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$174.37 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size11.33 acres

Building Information

Year Built1970
Stories1
Roof Type172

Land Information

APN24165600101010000
SubdivisionTara Place Condominiums
Land UseResidential
Legal DescriptionTARA PLACE CONDOMINIUMS 11.328 ACS BLDG J UNIT 101 & 0.601% CE INT201300288668 DD09062013 CO-DC 165600101010000 12416560010
Census Tract014001
Assessed Land Value$29,660
Assessed Improvement Value$171,210
Assessment Year2025

About this property

Welcome to easy, low-maintenance living in this charming first-floor condo tucked inside the established Tara Place community in Farmers Branch. Offering 2 bedrooms, 2 full bathrooms, and 917 square feet, this thoughtfully designed home combines a functional layout with a private outdoor space and an incredibly convenient central location. Inside, the light-filled living area features durable luxury vinyl plank and tile flooring throughout with no carpet. Sliding glass doors extend the living space outdoors to your own private fenced patio and yard, an unexpected bonus for condo living and the perfect spot for morning coffee, pets, or relaxing at the end of the day. The galley-style kitchen offers generous counter space, ample storage, and an efficient layout that keeps everything within easy reach. Two well-proportioned bedrooms and two full bathrooms provide flexibility for everyday living, guests, a roommate, or a dedicated work-from-home space. Tara Place residents enjoy mature landscaping, a community pool, on-site laundry facilities, and covered parking, while HOA dues include water for added convenience. Ideally located near I-635, I-35E, and major Dallas thoroughfares, you're just minutes from shopping, dining, parks, and everything Farmers Branch and North Dallas have to offer. A comfortable, easy-to-maintain home with the convenience of first-floor living and a private outdoor space, a combination that's hard to find at this price point.

Investor Tools

$36,829Estimated Mortgage Balance
$164,041Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,205 /month
Positive
Cash Flow Estimate:
$402 /month

Interested in this property?

Lauren Williams

Latitude Key Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$264/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,165
$200,870
2025
$29,660
$171,210
$200,870
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,165
$200,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$52,000
No
First
Sep 6, 2013
Oct 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$36,829
$164,041
81%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,580/mo
$325/mo
+$1,255/mo
9.4%

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: Farmers Branch

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2803 Rio Branco Street 101J | Property Details | No Agent List