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$281,310

NAL Estimated Property Value

553 Franklin, Arlington, TX, 76011

$351,013 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,425 Sq Ft
price_per_sqft$86.6 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Microwave, Double Oven, Refrigerator, Electric Water Heater, Wine Cooler
FlooringCarpet, Ceramic Tile, Terrazzo

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size4,400 sqft

Building Information

Year Built1975
Stories2
Garage Spaces2

Land Information

APN39280C--6
Lot Number6
SubdivisionSomerset Lane Townhomes Addn
Land UseResidential
Legal DescriptionSOMERSET LANE TOWNHOMES ADDN LOT 6 & PT CE
Census Tract113112
Assessed Land Value$35,000
Assessed Improvement Value$246,310
Assessment Year2025

About this property

Spacious brick town home in the midst of single detached family home neighborhood. TPO Roof was replaced in 2018. Carpet updated throughout. Wonderful entertaining home with large living area with two story ceiling, see through fireplace, brick wall accents,dry bar with wine fridge. Dining area open to island kitchen with breakfast bar, smooth top cook top, wall oven and microwave unit and see through fireplace. Master bedroom suite with three closets, dual sinks vanity, jetted tub, separate shower. Two good sized secondary bedrooms with holly wood bath in between. Covered patio and deck in backyard with hot tub and steam sauna for your pleasure. Within minutes to entertainment district. I30&DFW Airport.

Investor Tools

Property Icon
$281,310
Estimated Property Value
$177,365Estimated Mortgage Balance
$103,945Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$351,012
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,688 /month
Positive
Cash Flow Estimate:
$563 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
$20/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,759
$281,310
2025
$35,000
$246,310
$281,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,759
$281,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Services Llc
Fha
$202,991
Yes
First
Dec 30, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,365
$103,945
36%
63%
$1,218/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,238/mo
+$689/mo
8.2%

City: Arlington

553 Franklin | Property Details | No Agent List