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$754,000

NAL Estimated Property Value

2960 Phyllis Lane, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths4,133 Sq Ft
price_per_sqft$169.34 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater, Wine Cooler
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,750 sqft

Building Information

Year Built2012
Stories2
Roof Type105
Garage Spaces2

Land Information

APN24180500060040000
Lot Number4
SubdivisionValley View
Land UseResidential
Legal DescriptionVALLEY VIEW ESTATES 1 BLK F LT 4 INT202100359618 DD11292021 CO-DC 1805000600400 2CF18050006
Census Tract014001
Assessed Land Value$175,000
Assessed Improvement Value$515,000
Assessment Year2025

About this property

WOW! Open concept abounds in this stunning custom home built by luxury home builder Todd Bonneau. Walk in to find state of the art home office and separate, large dining room with access to wet bar. Gourmet kitchen is open to living area, and has gas cooktop, double ovens, granite countertops, farm sink, island with oak top butcher block, and white subway tile backsplash. Breakfast room off kitchen. Look ahead for fun times in the fabulous 26 X 19 great room sitting adjacent to 26 X 15 gameroom, providing ideal entertainment for family and friends. Energy efficient 16+ SEER AC and foam insulation result in low electric bills. Other features include 2 half baths, 9 ft ceilings,arched doorways, hardwood floors.

Investor Tools

Property Icon
$754,000
Estimated Property Value
$411,709Estimated Mortgage Balance
$342,291Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,524 /month
Positive
Cash Flow Estimate:
$1,508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,499/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,215
$690,000
2025
$175,000
$515,000
$690,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,215
$690,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Capital Bank
Purchase Money Mortgage
$450,000
No
First
Nov 29, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$411,709
$342,291
45%
55%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$2,698/mo
$-708/mo
3.2%

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.

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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: Farmers Branch

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2960 Phyllis Lane | Property Details | No Agent List