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$495,000

NAL Estimated Property Value

503 Washington Drive, Arlington, TX, 76011

$521,329 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,483 Sq Ft
price_per_sqft$104.79 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Slate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size13,003 sqft

Building Information

Year Built1978
Stories2
Garage Spaces2

Land Information

APN39265-1-2
Lot Number2
SubdivisionSomerset Addition (Arlington)
Land UseResidential
Legal DescriptionSOMERSET ADDITION (ARLINGTON) BLOCK 1 LOT 2
Census Tract113112
Assessed Land Value$65,000
Assessed Improvement Value$362,898
Assessment Year2025

About this property

Absolutely spectacular home with a super flexible floor plan that has been completely updated! An entertainer's dream with a huge back patio deck that overlooks your sparkling pool and spa, yet completely private with a canopy of large mature trees! Rare find with 2 Master suites, one on each floor. Each master is oversized with huge walk-in closets, dual sinks, separate shower and tub! As you enter the home you are greeted with beautiful wood floors that span the entire first floor! The kitchen has all new Thomasville cabinets, double oven, beautiful 3mm granite, flat surface cooktop in an open design. Floorplan could easily have 3 or 4 living rooms, or dining and The Office could easily be a 5th bedroom.

Investor Tools

Property Icon
$495,000
Estimated Property Value
$259,422Estimated Mortgage Balance
$235,578Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$521,329
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,637
$427,898
2025
$65,000
$362,898
$427,898
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,637
$427,898

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$292,000
No
First
Aug 17, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,422
$235,578
47%
52%
$1,751/mo

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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503 Washington Drive | Property Details | No Agent List