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$279,900

518 Park Ln, Duncanville, TX, 75116

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,018 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.7 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,835 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN22148500040050000
Lot Number5
SubdivisionWestwood 3rd Sec
Land UseResidential
Legal DescriptionWESTWOOD 3RD SEC LT 0005 INT202400001531 DD12292023 CO-DC 1485000400500 4CV14850004
Census Tract016518
Assessed Land Value$85,500
Assessed Improvement Value$218,740
Assessment Year2025

About this property

ESTATE SALE!! ESTATE SALE!! ESTATE SALE!! THURS NOV 30-FRI DEC 1 9-5 SATURDAY DEC 2ND 9-3 Thoughtfully laid out 4 bedroom 2 bath with an additional half bath near the largest secondary bedroom on the other side of the house. The entryway has a nice nook with a closet. There's a bonus room just off the living area overlooking the backyard. The living area offers a wood-burning fireplace with a gas starter and a nice brick hearth extending to a built-in cabinet and bookcase. Most, if not all of the interior is original. Formica countertops, velvet wallpaper, and shag carpet throughout. The home was taken care of throughout its ownership but there is a bit of deferred maintenance. This home will not go FHA. Probate is in progress and closing can not occur until after 11.25.23. Please don't change the title co as paperwork has already been started. THE HOUSE IS FULL, personal items are everywhere.

Investor Tools

Property Icon
$304,240
Estimated Property Value
$225,600Estimated Mortgage Balance
$82,814Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,825 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$698/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,856
$304,240
2025
$85,500
$218,740
$304,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,856
$304,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$225,600
No
First
Dec 29, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,426
$82,814
27%
73%
$1,775/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,775/mo
+$797/mo
10.1%

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.

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: Duncanville

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518 Park Ln | Property Details | No Agent List