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$619,000

NAL Estimated Property Value

421 S Festival Dr, El Paso, TX, 79912

SoldInfo
8/07/26
Beds3 Beds
Baths3 Bath
Baths2,763 Sq Ft
price_per_sqft$218.96 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesBuilt-In Gas Oven, Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Tankless Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesSee Remarks, Walled Backyard, Gas Grill, Balcony, Back Yard Access
Lot Size5,584 sqft

Building Information

Year Built2017
Roof Type104
Garage Spaces2

Land Information

APNM649-999-0160-0400
Lot Number4
SubdivisionMontecillo #4a
Land UseResidential
Legal DescriptionBLK 16 MONTECILLO #4A LOT 4
Census Tract001115
Assessed Land Value$86,850
Assessed Improvement Value$454,717
Assessment Year2025

About this property

Experience elevated living in this custom-built contemporary home, perfectly positioned on a corner lot in the heart of Montecillo. Designed with entertaining in mind, the open-concept floor plan showcases a gourmet kitchen with high-end appliances, a custom bar, and a climate-controlled enclosed patio with a fully equipped outdoor kitchen. The private primary suite offers its own balcony, while the rooftop terrace captures breathtaking mountain and city views. Just moments from resort-style amenities, restaurants, cafés, entertainment, and fitness facilities, this home combines modern luxury with one of El Paso's most vibrant walkable communities. Conveniently located near I-10, UTEP, and the Medical District, this is a rare opportunity to own in one of the city's most desirable neighborhoods.

Investor Tools

Property Icon
$619,000
Estimated Property Value
$260,331Estimated Mortgage Balance
$359,891Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,714 /month
Positive
Cash Flow Estimate:
$1,238 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,279/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,247
$541,567
2025
$86,850
$454,717
$541,567
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,247
$541,567

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$309,456
No
First
Jul 6, 2018
Aug 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,331
$358,669
57%
42%
$1,856/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,006/mo
$-46/mo
3.8%

Learn About the Market: Opportunity in El Paso

Local Market Pages
Local Market Pages 2Local Market Pages 3

Explore

El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

Explore Texas Explore This Area
Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

Dynamic Permit Feed

City: El Paso

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