Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
A
NoAgentList RatingHow are grades calculated?Info

$420,000

NAL Estimated Property Value

4045 Morman Ln, Addison, TX, 75001

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,990 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$236.18 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size5,840 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN100050800B0130000
Lot Number13
SubdivisionMidway Meadows Rev
Land UseResidential
Legal DescriptionMIDWAY MEADOWS REV BLK B LOT 13 INT202000359672 DD12222020 CO-DC 0050800B01300 3100050800B
Census Tract013727
Assessed Land Value$62,500
Assessed Improvement Value$340,990
Assessment Year2025

About this property

****Seller is willing to pay concessions with full list offer to assist buyer in reducing interest rate to below current market rate.**** NO HOA FEES! Incredibly located in the heart of Addison, this updated 1.5-story half duplex offers the perfect blend of convenience, comfort, and style. With 2 spacious bedrooms, 2.5 baths, and a flexible second living area that makes a fantastic home office, media space, or guest retreat, this home lives large. Both full bathrooms have been recently renovated with modern finishes and fresh tile work, and brand-new carpet was just installed in May 2025. The inviting living room features vaulted ceilings, great natural light, and a reimagined fireplace that serves as the stylish focal point of the space. The kitchen offers ample cabinetry, generous prep space, and a cozy breakfast nook perfect for slow mornings or a quick bite before hitting the town. Out back, you'll find a private yard ready for lounging, gardening, or letting the pups out. With no HOA, you’ve got the freedom to make the space your own without added fees or restrictions. What truly sets this home apart is its unbeatable location. Just blocks from Addison Circle, the Addison Athletic Club (membership is free for residents), and an endless selection of restaurants, cafes, shopping, fitness studios, and entertainment venues. Quick access to major thoroughfares like the Dallas North Tollway and Belt Line Road makes commuting a breeze, and the lighted walking trails and greenbelts throughout the area make it easy to stay active or unwind outdoors. Whether you're a first-time buyer, investor, or looking to downsize into something turnkey in a prime location, this low-maintenance gem checks all the boxes. ****Seller is willing to pay concessions with full list offer to assist buyer in reducing interest rate to below current market rate.****

Investor Tools

Property Icon
$420,000
Estimated Property Value
$272,269Estimated Mortgage Balance
$147,731Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$679/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,052
$403,490
2025
$62,500
$340,990
$403,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,052
$403,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$304,000
No
First
Dec 22, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,269
$148,731
35%
65%
$1,823/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,823/mo
+$337/mo
6.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Addison

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

4045 Morman Ln | Property Details | No Agent List