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$270,000

3714 Downs Way, Garland, TX, 75040

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,154 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.35 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Lot Size7,245 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26346040050150000
Lot Number15
SubdivisionMeadowood
Land UseResidential
Legal DescriptionMEADOWOOD 2 BLK 5 LOT 15 INT202400189532 DD09122024 CO-DC 3460400501500 1CG34604005
Census Tract019025
Assessed Land Value$75,000
Assessed Improvement Value$353,340
Assessment Year2025

About this property

**Multiple Offers-Deadline to submit is Sun 3pm, July 12th** Summertime paradise is what you'll find here. Located in the heart of Garland, very close to 190 and Firewheel. This home features a spacious open floor plan with vaulted ceilings giving you the sense of a much larger space. As you explore the home, you have to think to yourself, how in the world can there be five bedrooms? Now let's talk about the icing on the cake, the backyard oasis. As we are trying to stay safe, you can do that in your very own backyard. The pool and spa can change colors depending on your mood. Lights are strung for ambiance. Only footsteps away from a quick plunge into the pool to cool off from this humid Texas heat.

Investor Tools

Property Icon
$428,340
Estimated Property Value
$273,750Estimated Mortgage Balance
$162,733Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,570 /month
Positive
Cash Flow Estimate:
$857 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$714/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,428
$428,340
2025
$75,000
$353,340
$428,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,428
$428,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Conventional
$273,750
No
First
Sep 12, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,607
$162,733
37%
62%
$1,642/mo

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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3714 Downs Way | Property Details | No Agent List