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$966,000

405 Rim Rd, El Paso, TX, 79902

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,876 Sq Ft
Single Family ResidenceSingle Family Residence
Year BuiltBuilt in 1939

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Refrigerator, Washer
FlooringTile, See Remarks, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard
Lot Size8,723 sqft

Building Information

Year Built1939
Roof Type112
Garage Spaces2

Land Information

APNA462-999-0940-6100
SubdivisionAlexander
Land UseResidential
Legal Description94 ALEXANDER W 61 FT OF 16 TO 20 & W 61 FT OF S 1/2 OF 15 (8723.00 SQ FT)
Census Tract001502
Assessed Land Value$67,167
Assessed Improvement Value$454,378
Assessment Year2025

About this property

Welcome to 405 Rim Road, a historic 1939 masterpiece designed by renowned El Paso architect Otto H. Thorman—best known for the El Paso Women's Club and many architectural landmarks across the region. This solid masonry home is filled with natural light and sits on a unique, multi-level corner lot offering sweeping views of El Paso and Mexico. Inside, you'll find original red oak flooring, a soaring vaulted ceiling in the living room, and a breathtaking 20-light chandelier featuring hand-blown glass shades signed by the artist. The natural gas fireplace, framed by Texas Pink Granite, features an innovative twin-flue design that enhances light and air circulation to the upper level. Three spacious bedrooms include en-suite or adjacent baths—two tastefully updated and one preserved in its original charm. A versatile flex room offers the perfect opportunity for a fourth bedroom, home office, or studio space. Custom wood shutters, discreet 3M window tinting on sun-facing windows, and thoughtful architectural details elevate both form and function. The walkout level includes generous finished living space, ample storage, and laundry, with custom Spanish-style doors and artisan ironwork by Artistic Entryways leading to a private covered patio. In the backyard, you'll find a single-car garage, a charming casita with its own balcony, and an additional storage space that offers potential for conversion into more living area. Outside, the massive front, side, and back yards are beautifully xeriscaped and fully irrigated, with multiple large seating areas designed for privacy, relaxation, and entertainment. High rock walls surround the backyard, where a wood-burning fireplace creates a cozy setting next to a serene, heated pool equipped with a silent, energy-efficient pump and large heater, extending seasonal use. Massive custom gates provide both aesthetic appeal and privacy. Priced below market value, this rare offering in one of El Paso's most prestigious neighborhoods presents an unmatched opportunity and is expected to move quickly - don't miss your chance to make it yours and live on Rim Road!

Investor Tools

Property Icon
$966,000
Estimated Property Value
$0Estimated Mortgage Balance
$966,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$951/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,580
$521,545
2025
$67,167
$454,378
$521,545
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,580
$521,545

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$966,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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.

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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: El Paso

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405 Rim Rd | Property Details | No Agent List