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$274,450

NAL Estimated Property Value

461 Woodmere Drive, Garland, TX, 75043

$283,509 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,798 Sq Ft
price_per_sqft$141.82 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size8,118 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26337500020020000
Lot Number2
SubdivisionMeadowcreek Park 5th Sec
Land UseResidential
Legal DescriptionMEADOWCREEK PARK 5TH SEC BLK 2 LOT 2 INT202200236861 DD08312022 CO-DC 3375000200200 1CG33750002
Census Tract018126
Assessed Land Value$50,000
Assessed Improvement Value$224,450
Assessment Year2025

About this property

This beautiful home is back on the market with a newly installed roof and a HUGE price reduction! Inside this home is a bonus room that could be an extra living room or a large bedroom.Not only did they do an fantastic garage conversion but they also added a detached two car garage in the back with alley access.Spacious eat-in kitchen with granite countertops and a wonderful view of the backyard.The passthru window to the back porch makes this ideal for backyard BBQ's. With the kitchen open to the large living area, you won't miss out on any of the fun and conversations. All three bedrooms are a nice size with ample closet space.The bathrooms have been update as well with designer tile in each.Once you enter the bonus room you will notice it also has an entry to the kitchen from the laundry room.This allows for as much privacy or open living as you desire.This home comes with a newly installed HVAC and all new plumbing.Huge covered back porch w new fence for your family gatherings.

Investor Tools

Property Icon
$274,450
Estimated Property Value
$206,359Estimated Mortgage Balance
$68,091Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$283,509
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,647 /month
Positive
Cash Flow Estimate:
$549 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$634/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,240
$274,450
2025
$50,000
$224,450
$274,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,240
$274,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Pride Lending Llc
Commercial
$221,850
No
First
Aug 31, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,359
$68,091
24%
75%
$1,331/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,331/mo
+$641/mo
8.6%

City: Garland

461 Woodmere Drive | Property Details | No Agent List