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$424,915

NAL Estimated Property Value

2903 Ervin Way, Mansfield, TX, 76063

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,723 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$252.47 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2016
Garage Spaces2

Land Information

APN23061C--81-2903
Lot Number2903
SubdivisionLadera At Mansfield Condo
Land UseResidential
Legal DescriptionLADERA AT MANSFIELD CONDO BLOCK 81 LOT 2903 & .0053 COMMON AREA D216221310
Census Tract111311
Assessed Land Value$80,000
Assessed Improvement Value$344,915
Assessment Year2025

About this property

This charming Salerno plan 2 bedroom, 2 bath home is nestled in a welcoming 55+ senior gated community, where all yard work & exterior maintenance are taken care of for you. Say goodbye to the hassle & hello to peace of mind in this lock-and-leave neighborhood. Step inside to discover exquisite wood floors, elegant granite counters, a convenient gas cooktop, & spacious nine-foot ceilings. Enjoy the serene ambiance on the covered patio & make use of the utility room with ample closet space and cabinets. To truly grasp the beauty of this home, a personal visit is a must. Take advantage of the community amenities including a refreshing pool, over 2 miles of scenic walking trails, a well-lit pickleball court, a state-of-the-art fitness facility, & a vibrant activity center offering a plethora of engaging activities for residents to enjoy. Experience the ultimate in 55+ living in well desired city of Mansfield, where there are parks, entertainment, shopping, & restaurants all over to enjoy!

Investor Tools

Property Icon
$424,915
Estimated Property Value
$217,613Estimated Mortgage Balance
$207,302Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$852/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,095
$424,915
2025
$80,000
$344,915
$424,915
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,095
$424,915

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$225,000
No
First
Jul 3, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,613
$207,302
48%
51%
$1,349/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.

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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: Mansfield

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2903 Ervin Way | Property Details | No Agent List