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$425,000

3508 University Dr, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,062 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.8 / sqft
Year BuiltBuilt in 1974

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
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Double Oven

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run
Lot Size13,720 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26494500020030000
Lot Number3
SubdivisionRidgewood Park
Land UseResidential
Legal DescriptionRIDGEWOOD PARK 5 BLK B LT 3 INT202400032309 DD02142024 CO-DC 4945000200300 1CG49450002
Census Tract018111
Assessed Land Value$60,000
Assessed Improvement Value$312,870
Assessment Year2025

About this property

Warm hospitality exudes in this charming one-story home. 'Welcome Home' to the neighborhood. The pool and backyard are designed for entertaining! Flexible floor plan offers 4 bedrooms, or 3 bedrooms and a 3rd living area or office. Flooring of parquet and hardwood will set off your area rugs. The gracious living room features built-in bookcases, and a brick fireplace with an extended brick hearth. A beautiful chandelier enhances the adjacent formal dining room. There is a galley kitchen with ample storage and Corian counter space. Casual dining by the kitchen opens to the living room. The bay window, hardwood flooring, walls of storage, and opening to the pool, give the name 'Family Room' real meaning! The primary bedroom is private with a separate dressing area and 2 WIC's. The split 2nd and 3rd bedrooms share a bath between them. This is to be sold AS-IS. 2023-foundation with warranty, extensive sewer line replaced, electrical panel moved and updated.

Investor Tools

Property Icon
$400,000
Estimated Property Value
$352,000Estimated Mortgage Balance
$62,303Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,748
$372,870
2025
$60,000
$312,870
$372,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,748
$372,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pnc Bank Na
Conventional
$352,000
No
First
Feb 14, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$337,697
$62,303
15%
84%
$2,111/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,111/mo
+$461/mo
7.7%

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: Garland

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3508 University Dr | Property Details | No Agent List