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$442,000

NAL Estimated Property Value

2909 Selma Lane, Farmers Branch, TX, 75234

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,313 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.08 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Gas Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size9,100 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24181500080190000
Lot Number19
SubdivisionValley View
Land UseResidential
Legal DescriptionVALLEY VIEW ESTATES 2 BLK 8 LOT 19 INT202100260114 DD08302021 CO-DC 1815000801900 2CF18150008
Census Tract014001
Assessed Land Value$175,000
Assessed Improvement Value$237,960
Assessment Year2025

About this property

Multiple Offers received, submit BEST by 8pm on Sunday, July 25th. Imagine this - I save 30 min every morning because the kids are a 3 min walk to school. Home is move-in ready, our entire home was renovated from the studs! Our yard is perfect for entertaining; everyone wants to come over. I don’t have to give up a bedroom to have a home office. We have so much storage! I don’t sacrifice a spot in the driveway for our boat, jet skis or camper. I can trailer my boat and have it in the water in less than 30 min at two different lakes! We save money because our home is energy efficient. My master suite makes me feel like I’m getting ready in a 5-star hotel.

Investor Tools

Property Icon
$442,000
Estimated Property Value
$334,876Estimated Mortgage Balance
$107,124Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,652 /month
Positive
Cash Flow Estimate:
$884 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$737/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,635
$412,960
2025
$175,000
$237,960
$412,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,635
$412,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$368,109
Yes
First
Aug 30, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,876
$107,124
24%
76%
$2,207/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,600/mo
$2,207/mo
+$393/mo
7.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2909 Selma Lane | Property Details | No Agent List