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$798,000

5939 Hillcrest Ave # A-3, University Park, TX, 75205

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,795 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$444.57 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Refrigerator, Washer

Exterior

Lot Size31,200 sqft

Building Information

Year Built1980
Stories2
Roof Type105
Garage Spaces2

Land Information

APN60187900030050300
Lot Number4-5
SubdivisionShenandoah Place Condominiums
Land UseResidential
Legal DescriptionSHENANDOAH PLACE CONDOMINIUMS BLK 3 LOT 5 6 7 & PT LT 4 BLDG A UNIT 3 CE 6.61239% INT202500032388 DD02112025 CO-DC
Census Tract019400
Assessed Land Value$257,870
Assessed Improvement Value$530,630
Assessment Year2025

About this property

Architecturally significant Townhome in tony University Park and HPISD designed by renowned Architect Bud Oglesby. Fall in love with this prominent property within walking distance to SMU, HPISD schools and many fine restaurants and shops. Gated secure underground parking with adequate guest parking and oversized private storage facility.Powder bath is a part of this sleek roomy entry that welcomes you to this one of a kind property. Study features ample built-ins. Beautifully updated kitchen with walk in pantry, wine cooler and refrigerator that all stay. Sunny Dining room completes the downstairs. Upstairs you will find the luxurious primary suite featuring ample sitting and a dressing area with custom closetry.Primary bath features separate vanities, sinks and tub and shower. Laundry room off of the main upstairs hall with washer and dryer included in the sale.

Investor Tools

Property Icon
$788,500
Estimated Property Value
$236,000Estimated Mortgage Balance
$657,044Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,788 /month
Positive
Cash Flow Estimate:
$1,596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,121/month
$909/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,509
$788,500
2025
$257,870
$530,630
$788,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,509
$788,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Countrywide Bank Fsb
Unknown
$236,000
No
First
Sep 11, 2008
Oct 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,456
$657,044
83%
17%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,770/mo
$909/mo
+$1,861/mo
4.2%

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: University Park

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5939 Hillcrest Ave # A-3 | Property Details | No Agent List