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$1,952,000

NAL Estimated Property Value

3229 Northwest Parkway, University Park, TX, 75225

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,968 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$639.82 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesFire Pit
Lot Size10,258 sqft

Building Information

Year Built1950
Stories2
Roof Type105
Garage Spaces2

Land Information

APN60218500620230000
Lot Number23
SubdivisionUniversity Heights
Land UseResidential
Legal DescriptionUNIVERSITY HEIGHTS 8 BLK 62 LT 23 LESS ROW INT202400175492 DD08282024 CO-DC 2185006202300 1CQ21850062
Census Tract019301
Assessed Land Value$1,328,410
Assessed Improvement Value$337,180
Assessment Year2025

About this property

Welcome to 3229 Northwest Pkwy in University Park! This charming traditional-style family home is located on a unique cul-de-sac and features 4 bedrooms (3 down, primary up) & 3 full baths. With 3 spacious living areas (2 down, 1 up), the back living area boasts a special antique mantel, a piece of Park Cities history over 100 years old. The updated kitchen offers modern surfaces and stainless steel appliances, perfect for culinary enthusiasts. Enjoy the ample-sized backyard with an electric gate and cozy fire pit area. This light and bright home is walking distance to Boone Elementary School and is serviced by UP Fire & Police. A wonderful family home awaits!

Investor Tools

Property Icon
$1,952,000
Estimated Property Value
$1,453,069Estimated Mortgage Balance
$498,931Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,712 /month
Positive
Cash Flow Estimate:
$3,904 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,870/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,680
$1,665,590
2025
$1,328,410
$337,180
$1,665,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,680
$1,665,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mklg Lp
Commercial
$1,500,000
No
First
Aug 28, 2024
Aug 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,453,069
$498,931
25%
74%
$8,994/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$8,994/mo
$-5,134/mo
2.4%

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: University Park

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3229 Northwest Parkway | Property Details | No Agent List