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$364,000

NAL Estimated Property Value

2947 Ermine Way, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,409 Sq Ft
price_per_sqft$177.43 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Gas Range, Other
FlooringCeramic Tile, Laminate

Exterior

Lot Size10,000 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24199500220010000
Lot Number1
SubdivisionValwood Park
Land UseResidential
Legal DescriptionVALWOOD PARK 11 BLK 22 LT 1 INT202000103480 DD04172020 CO-DC 1995002200100 2CF19950022
Census Tract013902
Assessed Land Value$100,000
Assessed Improvement Value$228,780
Assessment Year2025

About this property

WOW! RARE OPPORTUNITY! LOCATION LOCATION LOCATION! Large, corner lot, beautiful family home in Farmers Branch Highly Desired established neighbordhood Valwood Park. 3 Bed 2 Bath spacious home! Lots of natural light and storage space. Backyard bar and Walking distance from Rawhide Park! Near Brookhaven Golf Course Country Club, Farmers Branch Public Swim Park, local library, shopping and entertainment. Quick access to highways. Minutes to Downtown Dallas and DFW Airport! Home has lots of potential! Backyard outdoor bar and Jacuzzi! Location, Location, Location! AWARD-WINNING CARROLLTON-FARMERS BRANCH ISD!

Investor Tools

Property Icon
$364,000
Estimated Property Value
$258,690Estimated Mortgage Balance
$105,310Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,184 /month
Positive
Cash Flow Estimate:
$728 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,888
$328,780
2025
$100,000
$228,780
$328,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,888
$328,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Housing Corporati
Unknown
$9,818
No
First
Apr 17, 2020
Apr 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,690
$105,310
28%
71%
$1,741/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,600/mo
$1,741/mo
+$859/mo
8.6%

City: Farmers Branch

2947 Ermine Way | Property Details | No Agent List