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$478,480

NAL Estimated Property Value

4014 Morman Lane, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,275 Sq Ft
price_per_sqft$145.05 / 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, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Other

Exterior

Exterior FeaturesRain Gutters
Lot Size4,524 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APN100050800C10B0000
Lot Number10B
SubdivisionMidway Meadows Rep Of Rev
Land UseResidential
Legal DescriptionMIDWAY MEADOWS REP OF REV BLK C LT 10B INT202300088836 DD05052023 CO-DC 0050800C10B00 3100050800C
Census Tract013727
Assessed Land Value$62,500
Assessed Improvement Value$415,980
Assessment Year2025

About this property

SALES PRICE IS BELOW COUNTY APPRAISAL! Updated luxury duplex includes relocated front door moved to create large porch, new landscaping front & back, full view custom picture window in living rm next to large FP with new gas logs, professional concrete floor stain color to entry, living & dining rooms, paint, carpet, new dbl-oven-microwave & kitchen granite counter top. Upstairs includes new HVAC, master 'art studio' with Fire place, large windows, deluxe vinyl wood floor, master bath updated with granite-stone with large glass shower-soaking tub. Walk to Award Winning Addison Athletic Club-pool [1x fee of $10]. No mandatory HOA. 4012 Morman currently up for lease but is also for Sale $310,000.

Investor Tools

Property Icon
$478,480
Estimated Property Value
$257,982Estimated Mortgage Balance
$220,498Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,871 /month
Positive
Cash Flow Estimate:
$957 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$894/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,331
$478,480
2025
$62,500
$415,980
$478,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,331
$478,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gpm Properties Llc
Purchase Money Mortgage
$273,000
No
First
May 5, 2023
May 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,982
$220,498
46%
54%
$1,637/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$1,637/mo
+$1,083/mo
6.8%

City: Addison

4014 Morman Lane | Property Details | No Agent List