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$615,000

3508 Nandina Dr, Flower Mound, TX, 75022

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,617 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

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 Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Outdoor Grill, Outdoor Kitchen
Lot Size5,998 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR234388
Lot Number17
SubdivisionWellington Estates Ph 2a
Land UseResidential
Legal DescriptionWELLINGTON ESTATES PH 2A BLK F LOT 17
Census Tract021751
Assessed Land Value$132,000
Assessed Improvement Value$449,469
Assessment Year2025

About this property

Beautifully maintained two story home in the heart of Flower Mound's desirable Wellington neighborhood. This spacious home offers four bedrooms, three full bathrooms, and multiple living areas. Two bedrooms and two full baths are conveniently located on the main floor—perfect for multi-generational living or hosting out-of-town visitors. Upstairs, you'll find two additional bedrooms connected by a Jack and Jill bathroom, along with a large bonus living room ideal for a game room, media space, or study area. Updates include roof replacement in 2021 and artificial turf in the backyard, providing year-round greenery with minimal maintenance. Plantation shutters throughout the home add classic charm and allow for plenty of natural light. Covered patio complete with a built-in grill, a cozy fire pit, and ceiling fans—creating the perfect outdoor space for entertaining or relaxing with family. Inside, the kitchen features granite countertops, a gas cooktop, and ample storage, opening to the main living area. The two-car garage features epoxy flooring and built-in shelves, offering a clean and functional space for storage or hobbies. Located within walking distance to top-rated schools and access to fantastic neighborhood amenities like community pools, clubhouse, and a fitness center, this home combines convenience, style, and functionality. Don’t miss the opportunity to make 3508 Nandina Drive your new home!

Investor Tools

Property Icon
$599,000
Estimated Property Value
$399,750Estimated Mortgage Balance
$204,503Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,690 /month
Positive
Cash Flow Estimate:
$1,230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$866/month
$990/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,399
$576,539
2025
$132,000
$449,469
$581,469
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,399
$576,539

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Metlife Home Loans
Conventional
$399,750
No
First
Aug 18, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$394,497
$204,503
34%
66%
$2,397/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,850/mo
$3,387/mo
+$463/mo
7.7%

Learn About the Market: Opportunity in Texas

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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: Flower Mound

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3508 Nandina Dr | Property Details | No Agent List