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$309,000

NAL Estimated Property Value

3004 Russell Road, Arlington, TX, 76001

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
price_per_sqft$241.82 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Water Heater, Microwave
FlooringCarpet, Laminate

Exterior

Exterior FeaturesAwning(s), Fire Pit, Storage
Lot Size27,735 sqft

Building Information

Garage Spaces2

Land Information

APN23719F--1B
Lot Number1B
SubdivisionLeach Addition
Land UseVacant Land Residential
Legal DescriptionLEACH ADDITION BLOCK LOT 1B
Census Tract111407
Assessed Land Value$181,835
Assessment Year2025

About this property

Discover nearly an acre with room to grow! Cute 1962 3-bedroom, 2-bath brick home sits on a spacious lot surrounded by mature trees, providing both shade and serenity. With two lots being sold together, there's plenty of room for your outdoor dreams—whether it's parking your boat or RV, or even building your dream home. This property offers a prime location, just a short walk to Mansfield ISD schools and with easy access to major highways, making your commute a breeze. Enjoy the best of suburban living with the convenience of nearby amenities, while still having the space to stretch out and enjoy the Texas landscape. Don’t miss this unique opportunity to own a piece of Arlington with endless potential. 3006 and 3004 Russell Rd., are being sold together for a total of .90 acre. Buyer verify room sizes and schools. Buyer will need to purchase a new survey.

Investor Tools

Property Icon
$309,000
Estimated Property Value
$234,327Estimated Mortgage Balance
$74,673Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,053
$181,835
2025
$181,835
N/A
$181,835
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,053
$181,835

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$240,000
No
First
Jan 31, 2025
Feb 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,327
$74,673
24%
76%
$1,439/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: Arlington

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3004 Russell Road | Property Details | No Agent List