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$427,000

NAL Estimated Property Value

3405 Binkley Avenue A, University Park, TX, 75205

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,053 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$550.81 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringWood

Exterior

Lot Size1.53 acres

Building Information

Year Built1985
Stories2
Roof Type104

Land Information

APN6016560000003405F
Lot Number1-6
SubdivisionRemington At Smu Condos
Land UseResidential
Legal DescriptionREMINGTON AT SMU CONDOS WALKERS BLK 2 LTS 1-6,12-14 UNIT 3405F CE 1.8818% ACS 1.5286 INT202500070076 DD04072025 CO-DC
Census Tract019400
Assessed Land Value$194,240
Assessed Improvement Value$230,890
Assessment Year2025

About this property

Welcome to this MOVE-IN READY rare first-floor condo offering modern comfort and unbeatable convenience in a prime location zoned for Armstong Elementary in Highland Park ISD! This beautifully designed newly renovated in 2024 2-bedroom, 2.5-bath residence features a highly desirable layout with two spacious bedrooms, each with its own private ensuite bathroom, plus a convenient guest half bath. The open living area is highlighted by a fireplace, stylish wet bar, and large windows that bring in natural light while offering peaceful treed street views. The kitchen features ceramic tile flooring, updated appliances, and a designer sink, creating a clean and modern feel. The primary bedroom includes walls of mirrored closet doors, enhancing both storage and light, while the ensuite bath provides comfort and privacy. Step outside to enjoy the covered patio, perfect for relaxing or entertaining. Additional highlights include two covered parking spaces located near the stairwell, updated lighting, ceramic tile in the kitchen and bathrooms, and thoughtful modern touches throughout. Ideally located within walking distance to SMU, restaurants, and shopping, this home offers both lifestyle and convenience in one of the area’s most sought-after locations.

Investor Tools

Property Icon
$427,000
Estimated Property Value
$0Estimated Mortgage Balance
$427,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,480 /month
Positive
Cash Flow Estimate:
$1,160 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
$499/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,552
$425,130
2025
$194,240
$230,890
$425,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,552
$425,130

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$427,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,200/mo
$499/mo
+$1,701/mo
6.2%

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.

Explore Texas Explore This Area
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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3405 Binkley Avenue A | Property Details | No Agent List