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$195,000

3407 Paramount Blvd, Amarillo, TX, 79109

Under ContractInfo
Beds2 Beds
Baths2 Bath
Baths1,532 Sq Ft
price_per_sqft$127.28 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange, Dishwasher

Exterior

Exterior FeaturesBrick
Lot Size10,019 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-061-5200-2420
Lot Number4
SubdivisionParamount Terrace # 2
Land UseResidential
Legal DescriptionPARAMOUNT TERRACE # 2, LOT 004, BLK 0009
Census Tract021101
Assessed Land Value$10,675
Assessed Improvement Value$184,044
Assessment Year2025

About this property

Charming Cottage Style home located in Paramount area. This home has wood flooring and large living space. Living room opens to a spacious Kitchen, Dining and Den Area with a fireplace. Spacious bedrooms. Both bathrooms have been updated. Large backyard with storage shed, sprinklers located in the front. Two car garage. So much to offer, come and make this your home.

Investor Tools

$156,698Estimated Mortgage Balance
$38,344Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$401/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,840
$194,719
2025
$10,675
$184,044
$194,719
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,840
$194,719

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$177,100
No
First
Jul 16, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,698
$38,021
19%
80%
$1,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,062/mo
$-12/mo
6.5%

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: Amarillo

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3407 Paramount Blvd | Property Details | No Agent List