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$446,480

NAL Estimated Property Value

4012 Morman Lane, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,286 Sq Ft
price_per_sqft$139.98 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Parquet, Wood

Exterior

Lot Size5,165 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APN100050800C10A0000
Lot Number10A
SubdivisionMidway Meadows Rep Of Rev
Land UseResidential
Legal DescriptionMIDWAY MEADOWS REP OF REV BLK C LT 10A INT202300088833 DD05052023 CO-DC 0050800C10A00 3100050800C
Census Tract013727
Assessed Land Value$62,500
Assessed Improvement Value$383,980
Assessment Year2025

About this property

Lovely 2,286 sf home features remodeled large kitchen with granite counter tops, tile floor, microwave & oven 2017. Living has gas FP, wet bar, built in's, large windows & room for entertaining. Storm windows & patio doors, added attic insulation recently replaced HVAC units for lower utility bills. Lg master with gas FP & huge walk in closet & custom built-ins. Large master bath features a stone & glass walk-in shower, soaking tub & tile floor. Third bedroom is located downstairs and & also be used as a home office. Jogging trail, Addison Health Club-classes & indoor-outdoor pools. No Mandatory HOA, plus free Addison Health Club membership available. Owner pays mowing twice-month.

Investor Tools

Property Icon
$446,480
Estimated Property Value
$283,497Estimated Mortgage Balance
$162,983Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,679 /month
Positive
Cash Flow Estimate:
$893 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$651/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,584
$446,480
2025
$62,500
$383,980
$446,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,584
$446,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gpm Properties Llc
Purchase Money Mortgage
$300,000
No
First
May 5, 2023
May 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,497
$162,983
36%
63%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$1,799/mo
+$921/mo
7.3%

City: Addison

4012 Morman Lane | Property Details | No Agent List