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$345,000

505 W Royal Lane, Irving, TX, 75039

$426,531 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,993 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$173.11 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Electric Water Heater, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size2,178 sqft

Building Information

Year Built2015
Stories3
Roof Type105
Garage Spaces2

Land Information

APN322565500C76R0000
Lot Number76R
SubdivisionLa Palazzi Revised
Land UseResidential
Legal DescriptionLA PALAZZI REVISED BLK C LT 76R INT202000212555 DD08052020 CO-DC 2565500C76R00 2CI2565500C
Census Tract014143
Assessed Land Value$75,000
Assessed Improvement Value$330,040
Assessment Year2025

About this property

Beautifully-maintained custom built Ashton Woods townhouse in the heart of LAS COLINAS! This sophisticated home features an open and airy floorplan with tons of natural light, contemporary finishes, and great detail throughout. Master suite boasts an oversized bedroom with sitting area and spa-like bath retreat. Guests can enjoy an ensuite on their own floor of the home. Upgrades include granite countertops, stainless steel appliances, and crown molding. HOA includes exterior maintenance and security monitoring service. AMAZING location with easy access to three major highways, walking distance to restaurants & jogging trails, just a couple miles from Irving Music Factory, and within 5 miles of DFW Airport!

Investor Tools

Property Icon
$473,000
Estimated Property Value
$0Estimated Mortgage Balance
$233,479Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$426,530
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,838 /month
Positive
Cash Flow Estimate:
$946 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,163/month
$1,250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,588
$405,040
2025
$75,000
$330,040
$405,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,588
$405,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$269,600
No
First
Aug 5, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$239,521
$233,479
49%
51%
$1,617/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,867/mo
$-557/mo
5.9%

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: Irving

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505 W Royal Lane | Property Details | No Agent List