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$338,000

NAL Estimated Property Value

3053 Modella Ave, Dallas, TX, 75229

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,523 Sq Ft
price_per_sqft$203.55 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Lot Size4,844 sqft

Building Information

Year Built1983
Stories1
Roof Type104
Garage Spaces2

Land Information

APN00000607010280000
Lot Number15
SubdivisionChapel Forest
Land UseResidential
Legal DescriptionCHAPEL FOREST BLK 1B/6595 W PT LT 15 INT202300099623 DD05182023 CO-DC 6595 01B 01500 1006595 01B
Census Tract009611
Assessed Land Value$65,000
Assessed Improvement Value$253,040
Assessment Year2025

About this property

Beautiful one-story half duplex with the best floor plan in the community! This rare gem features 2 bedrooms with a large bonus room that offers versatility. Can be used as a study, craft room, exercise room, or office. The home features beautiful floors and elegant tile throughout. The modern kitchen is a dream, complete with a stylish tile backsplash, sleek Silstone countertops, and high-end appliances, including a self-cleaning electric range with a glass top & refrigerator. You'll love the added upgrades, including a new water heater, new gas logs, high-quality windows, plus fresh exterior & interior paint. Enjoy two lovely yards, one adjacent to the kitchen & the other by the second bedroom, both featuring automatic sprinklers and a sturdy wood fence. Keep cool and comfortable with a 2018 18 seer air conditioning unit. Located just moments away from Hwy 35, a toll road, DFW, and Love field, and with no HOA, this home is an exceptional value and an opportunity not to be missed!

Investor Tools

Property Icon
$338,000
Estimated Property Value
$298,341Estimated Mortgage Balance
$39,659Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$558/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,007
$318,040
2025
$65,000
$253,040
$318,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,007
$318,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$300,675
No
First
May 18, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,341
$39,659
11%
88%
$1,894/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,894/mo
$-329/mo
5.6%

City: Dallas

3053 Modella Ave | Property Details | No Agent List