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$339,000

3161 Longmeade Dr, Farmers Branch, TX, 75234

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,218 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.3 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave

Exterior

Lot Size7,608 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APN24097500080080000
Lot Number8
SubdivisionJohnston Park
Land UseResidential
Legal DescriptionJOHNSTON PARK 1 BLK 8 LT 8 VOL2878/0447 DD08011956 CO-DC 4703250800800 12409750008
Census Tract013807
Assessed Land Value$150,000
Assessed Improvement Value$138,870
Assessment Year2025

About this property

Freshly reimagined and move-in ready, this beautifully renovated home is ready to begin its next chapter with new owners. Every detail has been thoughtfully updated to offer peace of mind and modern living. Recent improvements include all-new sewer plumbing, new water plumbing, updated electrical wiring and fixtures, a complete foundation repair, and a brand-new roof to be installed, allowing the next owner to move in with confidence. Step inside to discover bright, open living spaces filled with natural light, stylish finishes, and quality craftsmanship throughout. The beautifully renovated kitchen serves as the heart of the home, featuring contemporary cabinetry, sleek countertops, and an inviting layout perfect for entertaining. The updated bathrooms provide a fresh, spa-inspired feel, while every room has been designed with comfort and functionality in mind. Conveniently located in the heart of Farmers Branch, you'll enjoy quick access to major highways, shopping, dining, parks, and everything the DFW Metroplex has to offer. This is more than just a cosmetic renovation—it's a home where the big-ticket improvements have already been completed, giving you the perfect combination of style, quality, and long-term value.

Investor Tools

Property Icon
$339,000
Estimated Property Value
$258,660Estimated Mortgage Balance
$83,356Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$234/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,115
$288,870
2025
$150,000
$138,870
$288,870
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,115
$288,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Easy Street Capital Llc
Commercial
$258,660
No
First
Nov 19, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,644
$56,356
18%
75%
$1,551/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$1,551/mo
+$439/mo
7.0%

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: Farmers Branch

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3161 Longmeade Dr | Property Details | No Agent List