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B+
NoAgentList RatingHow are grades calculated? Info

$476,000

3021 Phyllis Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,942 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.32 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size13,000 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24182500020140000
Lot Number14
SubdivisionValley View
Land UseResidential
Legal DescriptionVALLEY VIEW ESTATES 3 BLK B LOT 14 INT202200289135 DD11072022 CO-DC 1825000201400 2CF18250002
Census Tract014001
Assessed Land Value$300,000
Assessed Improvement Value$169,040
Assessment Year2025

About this property

Don't miss your chance to own this beautifully updated 3-bed, 2-bath gem at 3021 Phyllis Lane, perfectly positioned on a spacious 0.28-acre lot in the heart of Farmers Branch. Step inside to fresh flooring, updated plumbing, and fully renovated bathrooms (2022), plus a bright kitchen with sleek quartz counters and fresh paint (2024). Thoughtful touches like barn doors, warm lighting, and ambient exterior lights add character, while newer windows and a relocated laundry space boost everyday comfort. With nearly 2,000 sq ft, a huge backyard, and an oversized driveway, this home checks every box, and it's just minutes from major highways, shopping, and Brookhaven Country Club. Homes this move-in ready don’t last long, come see it today before it’s gone!

Investor Tools

Property Icon
$476,000
Estimated Property Value
$388,000Estimated Mortgage Balance
$93,098Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$822/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,489
$469,040
2025
$300,000
$169,040
$469,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,489
$469,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$388,000
No
First
Aug 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$382,902
$93,098
19%
80%
$2,327/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$2,327/mo
$-337/mo
5.0%

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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3021 Phyllis Ln | Property Details | No Agent List