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$475,000

NAL Estimated Property Value

6001 Wallace Meadows Court, Arlington, TX, 76001

$482,640 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,879 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.99 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,627 sqft

Building Information

Year Built1994
Stories2
Garage Spaces3

Land Information

APN44907-1-1
Lot Number1
SubdivisionWallace Meadows Addition
Land UseResidential
Legal DescriptionWALLACE MEADOWS ADDITION BLOCK 1 LOT 1
Census Tract111402
Assessed Land Value$55,000
Assessed Improvement Value$327,666
Assessment Year2025

About this property

Nestled on a quiet cul-de-sac street surrounded by beautifully established homes, this well-built traditional residence offers timeless character, thoughtful upgrades, and an exceptional location. Built in 1994, the spacious two-story design features four bedrooms and two-and-a-half baths, with the primary suite conveniently located on the main level for privacy and comfort. The home showcases classic, enduring finishes that create a warm and inviting atmosphere throughout. The primary bath serves as a relaxing retreat with a luxurious air bubble tub, perfect for unwinding at the end of the day. Recent improvements include a new AC system installed last year and a durable Class 4, 50-year roof, providing both efficiency and long-term peace of mind. Energy-saving solar screens on the front windows further enhance the home’s comfort and efficiency. Designed with versatility in mind, the three-car garage offers exceptional flexibility, with extended concrete for extra vehicles. One bay is currently configured as generous storage space but can easily be converted back for additional parking. A secondary cooking area in the garage provides the perfect setup for holiday meal preparation, large gatherings, or specialty cooking. Outdoor living is equally appealing with a charming awning extending from the sunroom, creating a cozy shaded space to enjoy the peaceful, low-maintenance backyard. Mature trees and refreshed shrubbery add to the home’s established curb appeal, while an electric driveway gate offers added convenience and privacy. Ideally located within walking distance to Stovall Park and the area water park, this home also enjoys a prime position on the Arlington–Mansfield border within the highly sought-after Martin High School district, with easy access to shopping, dining, and everyday amenities. A rare opportunity to enjoy space, character, and location in one inviting property.

Investor Tools

Property Icon
$475,000
Estimated Property Value
$15,937Estimated Mortgage Balance
$459,063Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$482,639
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$468/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,236
$382,666
2025
$55,000
$327,666
$382,666
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,236
$382,666

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Fsb Of Indianapolis
N/A
$181,600
N/A
First
Dec 22, 1997
Jan 2013

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$15,937
$459,063
96%
3%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$325/mo
+$2,805/mo
7.9%

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: Arlington

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6001 Wallace Meadows Court | Property Details | No Agent List