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$304,287

NAL Estimated Property Value

502 Salem Dr, Arlington, TX, 76014

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,563 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.34 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size7,305 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN17995-17-32
Lot Number32
SubdivisionHigh Meadows Addition
Land UseResidential
Legal DescriptionHIGH MEADOWS ADDITION BLOCK 17 LOT 32
Census Tract111558
Assessed Land Value$65,772
Assessed Improvement Value$238,515
Assessment Year2025

About this property

Verbally accepted offer contingent upon relocation approval. Nestled within a quiet neighborhood, this spacious home received upgrades in 2021, ensuring modern luxury and convenience. As you step inside, you're greeted by vaulted ceilings that create an airy atmosphere, complemented by the warmth of a cozy fireplace, perfect for gathering around during chilly evenings. The living room transitions into the dining area with built in hutch and gourmet kitchen, where sleek granite countertops and stainless steel appliances await the culinary enthusiast. With a bonus room offering versatile space for a home office, gym, or entertainment area, this home caters to your every need. A sparkling salt pool with a diving board takes center stage. The covered patio provides the perfect setting for dining or lounging in the shade on warm summer days. Enjoy the wood deck next to the pool for relaxing and suntanning. In the backyard a shed remains for your pool accessories.

Investor Tools

Property Icon
$304,287
Estimated Property Value
$284,756Estimated Mortgage Balance
$19,994Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,240
$304,287
2025
$65,772
$238,515
$304,287
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,240
$304,287

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
All Western Mortgage Inc
Conventional
$295,850
No
First
Mar 26, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,756
$19,531
6%
94%
$1,774/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,060/mo
$1,774/mo
+$286/mo
8.1%

Learn About the Market: Opportunity in Texas

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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.

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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: Arlington

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502 Salem Dr | Property Details | No Agent List