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$1,307,257

NAL Estimated Property Value

417-425 N Ballard Avenue, Wylie, TX, 75098

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths4,189 Sq Ft

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available

Exterior

Lot Size3.92 acres

Building Information

Year Built1970
Stories1
Garage Spaces4

Land Information

APNR-6820-000-0020-1
Lot Number2
SubdivisionSamuel B Shelby Survey
Land UseResidential
Legal DescriptionABS A0820 SAMUEL B SHELBY SURVEY, TRACT 2, 3.917 ACRES
Census Tract031318
Assessed Land Value$1,015,216
Assessed Improvement Value$292,041
Assessment Year2025

About this property

Rare, urban infill land in Wylie, TX! Beautiful AG-30 acreage on the North edge of the Downtown Wylie strip. Wylie is one of the fastest growing cities in the country. This 3.914 acres is suited well for various residential or commercial planned developments. This property includes multiple parcels at the transition between North Wylie (Inspiration) into Downtown Wylie. 2 brick, single-story rental homes currently sit on the South frontage of the property (separate parcels). Leased at market value. Access to property from the frontage (Ballard Ave.) or secondary access from the south side (Jackson Ave.) TxDOT is in the process of widening the front road (Ballard Ave.) into 4 lanes with a median (currently 2 lanes) to accommodate the traffic of approximately 20,000 vehicles per day.

Investor Tools

Property Icon
$1,307,257
Estimated Property Value
$619,468Estimated Mortgage Balance
$687,789Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,844 /month
Positive
Cash Flow Estimate:
$2,615 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,190/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,739
$1,307,257
2025
$1,015,216
$292,041
$1,307,257
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,739
$1,307,257

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of The Ozarks
Commercial
$650,000
No
First
Oct 3, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$619,468
$687,789
52%
47%
$3,898/mo

City: Wylie

417-425 N Ballard Avenue | Property Details | No Agent List