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$359,832

NAL Estimated Property Value

507 Balsam Dr, Euless, TX, 76039

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,266 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.76 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,810 sqft

Building Information

Year Built1984
Stories1
Garage Spaces2

Land Information

APN7338-M-20
Lot Number20
SubdivisionCinnamon Ridge
Land UseResidential
Legal DescriptionCINNAMON RIDGE BLOCK M LOT 20
Census Tract113520
Assessed Land Value$112,600
Assessed Improvement Value$247,232
Assessment Year2025

About this property

Welcome to this charming single-story home in the established Cinnamon Ridge neighborhood, where mature trees and sidewalks line the streets, perfect for peaceful living. Inside, large windows and flowing natural light enhance the bright and welcoming interiors. The spacious living room features dual skylights, elegant wainscoting, and a striking floor-to-ceiling brick fireplace, making it the heart of the home. The fully equipped kitchen offers ample cabinet and counter space, perfect for cooking and entertaining. With three private bedrooms, including a primary suite with its own private ensuite, this home is designed for comfort. Step outside to an expansive fenced backyard, ideal for relaxation and outdoor activities. Recent upgrades include a new roof (2020), exterior paint (2020), water heater (2021), laminate flooring (2023), and dishwasher (2024), providing peace of mind for years to come. Don't miss this beautifully maintained home in a wonderful neighborhood! Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

Investor Tools

Property Icon
$359,832
Estimated Property Value
$307,727Estimated Mortgage Balance
$52,105Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,159 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$917
$359,832
2025
$112,600
$247,232
$359,832
No

Tax History

Year
Tax Paid
Assessed Value
2024
$917
$359,832

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Fha
$314,204
Yes
First
Mar 24, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,727
$52,105
14%
86%
$1,884/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,450/mo
$1,884/mo
+$566/mo
8.2%

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.

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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: Euless

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507 Balsam Dr | Property Details | No Agent List