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$375,000

3700 Pelican Ct, Arlington, TX, 76016

$410,302 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,607 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.84 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Convection Oven, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,259 sqft

Building Information

Year Built1985
Stories3
Garage Spaces2

Land Information

APN38515-4-30
Lot Number30
SubdivisionShorewood Estates Ph 1-5 Addn
Land UseResidential
Legal DescriptionSHOREWOOD ESTATES PH 1-5 ADDN BLOCK 4 LOT 30
Census Tract121609
Assessed Land Value$75,000
Assessed Improvement Value$325,845
Assessment Year2025

About this property

Opportunity is knocking! Nestled on a quiet cul-de-sac with no HOA, this spacious 3-story home offers 4 bedrooms, 2.5 bathrooms, and a large lot with endless potential. Being sold AS-IS, this is the perfect opportunity for buyers looking to add their own style and build equity in a well-established neighborhood. Major updates have already been completed, including two HVAC systems replaced in 2024, stainless steel appliances (2020), all electrical replaced in 2020, an updated primary bathroom, updated kitchen flooring, and a beautifully redone patio (2024). The flexible third-floor space serves as the fourth bedroom but could easily become an incredible game room, media room, or private guest retreat. This home is truly a diamond in the rough—with great bones, generous living space, and significant mechanical updates already behind you. Bring your vision and a little TLC to restore this property to its full glory and create something truly special.

Investor Tools

Property Icon
$471,000
Estimated Property Value
$239,541Estimated Mortgage Balance
$295,114Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$410,302
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,826 /month
Positive
Cash Flow Estimate:
$942 /month

Interested in this property?

Cory Wiggins

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$715/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,222
$400,845
2025
$75,000
$325,845
$400,845
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,222
$400,845

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Va
$239,541
Yes
First
Jul 25, 2014
Aug 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,886
$295,114
62%
37%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,210/mo
N/A
+$3,210/mo
8.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Arlington

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