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$284,900

3224 Parma Ln, Plano, TX, 75093

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,418 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$200.92 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size2,627 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR251067
Lot Number33
SubdivisionPasquinellis Parker Estates Ph Ii
Land UseResidential
Legal DescriptionPASQUINELLIS PARKER ESTATES PH II BLK E LOT 33
Census Tract021648
Assessed Land Value$75,000
Assessed Improvement Value$289,949
Assessment Year2025

About this property

Best and Final due 9-20-23 at 4pm. Amazing opportunity to put your touch onto this 2-bedroom, 1.5-bath townhouse is located in the desirable West Plano. The downstairs living area flows into an open-concept kitchen and breakfast nook. The kitchen is equipped with 42-inch cabinets, stove, dishwasher, & walk-in pantry. The living room overlooks a tranquil back patio & a lush grassy area, enclosed by a wooden fence. Enjoy an abundance of natural light that brightens the living spaces throughout the day. Upstairs, you'll find a versatile secondary living area in the form of a loft, ideal for various uses such as a home office, playroom, or relaxation space. Primary bedroom is generously sized, ensuring you have your own private retreat. The large bathroom boasts a garden tub & separate shower. Arbor Hill Nature Preserve is just a stone's throw away, providing opportunities for outdoor recreation & leisure. Easy access to shopping, dining, & entertainment.

Investor Tools

Property Icon
$364,949
Estimated Property Value
$140,000Estimated Mortgage Balance
$231,302Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$535/month
$331/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,596
$364,949
2025
$75,000
$289,949
$364,949
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,596
$364,949

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$140,000
No
First
Nov 3, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,647
$231,302
63%
37%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$1,171/mo
+$939/mo
6.9%

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: Plano

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3224 Parma Ln | Property Details | No Agent List