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$450,000

4503 Karen Dr, Mansfield, TX, 76063

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,910 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.64 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size8,398 sqft

Building Information

Year Built2007
Stories2
Garage Spaces2

Land Information

APN1584-2-36
Lot Number36
SubdivisionBankston Meadows
Land UseResidential
Legal DescriptionBANKSTON MEADOWS BLOCK 2 LOT 36
Census Tract111565
Assessed Land Value$75,000
Assessed Improvement Value$307,000
Assessment Year2025

About this property

This spacious and exceptionally flexible 4-bedroom, 3 full-bath home in established Bankston Meadows offers multiple living areas and the convenience of three bedrooms on the first floor. A handsome brick-and-stone exterior, shaded by mature trees, sets the tone, while inside an open, functional layout provides plenty of room for everyday living, entertaining, and working from home. Hard-surface flooring extends through much of the main living space and all bedrooms, with carpet on the stairs. A wall of windows brings in natural light and overlooks the backyard, with direct access to the covered patio. The kitchen opens to the living area with a generous breakfast bar and offers abundant cabinetry and counter space, a center island, granite countertops, tile backsplash, stainless appliances including a gas cooktop; you'll enjoy plenty of room for multiple cooks. A separate dining room and dedicated office add even more flexibility to the main level. The spacious primary suite features a cantered ceiling and a large bath with dual sinks, jet tub, separate shower, and large walk-in closet with built-ins. Two additional bedrooms and a second full bath are also downstairs, along with a separate laundry room. Upstairs is an impressive second living space that can easily serve as a game room, media room or retreat, complete with a wet bar. A fourth, upstairs bedroom and third full bath create a private area well suited for guests or multigenerational living. Outside, enjoy a large covered patio and fenced backyard with plenty of open lawn for play, pets, gardening or future outdoor improvements. This home is a quick hop to everything the Joe Pool Lake area has to offer, including Lynn Creek Marina, multiple parks and opportunities for boating, swimming, camping, and hiking. Easy access to 360 and I20. Ask for our full improvements list or download a copy in MLS media.

Investor Tools

$246,984Estimated Mortgage Balance
$207,016Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,724 /month
Positive
Cash Flow Estimate:
$908 /month

Interested in this property?

Kimberly Macye

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$716/month
$685/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,322
$382,000
2025
$75,000
$307,000
$382,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,322
$382,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Conventional
$278,000
No
First
Nov 5, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,984
$212,016
46%
54%
$1,667/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,000/mo
$2,352/mo
+$648/mo
7.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Mansfield

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4503 Karen Dr | Property Details | No Agent List