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$312,181

NAL Estimated Property Value

309 Shelmar Dr, Euless, TX, 76039

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,761 Sq Ft
price_per_sqft$140.26 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range

Exterior

Private PoolPrivate Pool
Lot Size7,819 sqft

Building Information

Year Built1973
Stories2
Garage Spaces2

Land Information

APN30470-8-21
Lot Number21
SubdivisionOak Forest Addition (Euless)
Land UseResidential
Legal DescriptionOAK FOREST ADDITION (EULESS) BLOCK 8 LOT 21
Census Tract113516
Assessed Land Value$65,000
Assessed Improvement Value$247,181
Assessment Year2025

About this property

Discover the charm and strong investment potential of this delightful 4-bedroom, 2.5-bathroom home in the heart of Euless, TX. This residence offers a generous 1684 square feet of interior space, primed for your updates and visionary enhancements. As you step inside, notice the converted garage, an unexpected bonus space that’s ideal for a home office, studio, or even a playroom—unleash your creativity here! The property's potential for renovation makes it a prime opportunity for investors or DIY enthusiasts eager to increase value through modern upgrades and personal flair. Nestled in a vibrant community, this house is conveniently located near essential amenities; ALDI is barely a mile away, ensuring your pantry is never empty. The property is in close proximity to Irving Secondary Reassignment, situated about a mile from the doorstep. For commuters and urban explorers, the Downtown Irving-Heritage Crossing Station, offering both train and bus services, is less than two miles away, linking you effortlessly to the broader Texas area. Spend leisurely weekends exploring Centennial Park, an ideal spot for picnics and outdoor recreation, or immerse yourself in the neighborhood that echoes a friendly and inviting atmosphere. This property offers more than just a living space; it presents a considerable investment opportunity enhanced by convenience and the chance to craft a tailored home that grows in value. Embrace the potential and watch as your investment flourishes. This isn't just a place to live; it’s a smart move for a savvy future. It is the buyers & their agent's responsibility to verify all info contained herein incl but not limited to condition, rm sizes, amenities, schools, acreage, flood plain information, foundation, roof, etc, and overall condition of the property. Seller has no inspection reports available. No utilities are on so please schedule your showing accordingly. Seller does not accept blind offers, escalation clauses, LOI, or assignments.

Investor Tools

Property Icon
$312,181
Estimated Property Value
$396,829Estimated Mortgage Balance
$312,181Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,873 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,175
$312,181
2025
$65,000
$247,181
$312,181
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,175
$312,181

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Fha
$402,719
Yes
First
Jul 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$396,829
N/A
0%
127%
$2,415/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,450/mo
$2,415/mo
+$35/mo
9.4%

City: Euless

309 Shelmar Dr | Property Details | No Agent List