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$1,597,000

NAL Estimated Property Value

3438 Potomac Ave, University Park, TX, 75205

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,225 Sq Ft
price_per_sqft$542.64 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Lot Size3,850 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces1

Land Information

APN602285000511A0000
Lot Number11A
SubdivisionWalkers
Land UseResidential
Legal DescriptionWALKERS BLK 5 LT 11A ACS 0.0883 INT202400110295 DD05302024 CO-DC 2285000511A00 16022850005
Census Tract019400
Assessed Land Value$596,750
Assessed Improvement Value$966,630
Assessment Year2025

About this property

Nestled in University Park near SMU, this meticulously crafted property boasts timeless charm and modern luxury. A serene yard with lush plantings and a covered porch adorned with Saltillo tile leads to a tranquil fountain and custom gas fireplace. Inside, find unparalleled elegance, including a spa-inspired master bath completed in February 2024, with a walk-in shower and luxurious soaking tub. The gourmet kitchen features top-of-the-line Subzero and Wolf appliances, centered around an inviting island with seating. Custom gas fireplaces, hardwoods, and recessed lighting add warmth and character throughout the home. Mechanical upgrades, such as a security system and water shutoff system installed in 2020, ensure both comfort and peace of mind. With its out-of-the-ordinary charm and exceptional walkability, this property offers a rare opportunity to experience the best of Park Cities living.

Investor Tools

Property Icon
$1,597,000
Estimated Property Value
$682,390Estimated Mortgage Balance
$914,610Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
Positive
Cash Flow Estimate:
$3,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,679/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,165
$1,563,380
2025
$596,750
$966,630
$1,563,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,165
$1,563,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$700,000
No
First
Dec 18, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$682,390
$914,610
57%
43%
$4,197/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,620/mo
$4,197/mo
$-577/mo
2.7%

City: University Park

3438 Potomac Ave | Property Details | No Agent List