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$2,181,000

NAL Estimated Property Value

2916 Fondren Drive, University Park, TX, 75205

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,339 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$426.77 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,500 sqft

Building Information

Year Built1992
Stories2
Roof Type105
Garage Spaces2

Land Information

APN60217500030200000
Lot Number20
SubdivisionUniversity Court
Land UseResidential
Legal DescriptionUNIVERSITY COURT BLK 3 LOT 20 INT202100136297 DD05072021 CO-DC 2175000302000 16021750003
Census Tract019302
Assessed Land Value$1,170,000
Assessed Improvement Value$554,160
Assessment Year2025

About this property

Enjoy the Park Cities lifestyle for the years to come. Walk to parks, SMU, Snider Plaza, zoned for Armstrong Elementary. Owners retreat upstairs with sitting area and four closets total plus dual sinks. 2 additional bedrooms upstairs with a bonus room that could be a nursery or gym or home office. Bedroom downstairs with full bath. Lovely outdoor patio space that is partially covered and motorized sliding gate. Detached over-sized 2 car garage with covered walkway to house.

Investor Tools

Property Icon
$2,181,000
Estimated Property Value
$1,047,391Estimated Mortgage Balance
$1,133,609Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,086 /month
Positive
Cash Flow Estimate:
$4,362 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,454/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,541
$1,724,160
2025
$1,170,000
$554,160
$1,724,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,541
$1,724,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$1,155,769
No
First
Jun 25, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,047,391
$1,133,609
51%
48%
$6,930/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,620/mo
$6,930/mo
$-3,310/mo
2.0%

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: University Park

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2916 Fondren Drive | Property Details | No Agent List