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$160,000

9 Park Lane, Bedford, TX, 76021

$208,000 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,232 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$129.87 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size2,039 sqft

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN26880C-A-13
Lot Number13
SubdivisionMorrow Green Garden Homes
Land UseResidential
Legal DescriptionMORROW GREEN GARDEN HOMES BLOCK A LOT 13 & .004975 OF COMMON AREA
Census Tract113630
Assessed Land Value$25,000
Assessed Improvement Value$206,345
Assessment Year2025

About this property

What a wonderful opportunity for low-maintenance living in a highly desired townhome community in north Bedford! This property offers 2 master bedroom options. One upstairs with a nice large balcony, and the other downstairs with a walk-in master closet, as well as an exterior door to the open patio. HVAC system was replaced by A#1 Air 2-3 years ago and has been kept on a quarterly maintenance plan since. Comfortable living-dining area with a WBFP. Extremely short walk to the community pool, clubhouse, and tennis court. Very active and reliable HOA works hard to protect the property values. Don't let this opportunity slip away. Property is tucked away from the street and to the left of unit #11.

Investor Tools

Property Icon
$242,000
Estimated Property Value
$0Estimated Mortgage Balance
$113,233Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$208,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,452 /month
Positive
Cash Flow Estimate:
$484 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,504
$231,345
2025
$25,000
$206,345
$231,345
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,504
$231,345

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$142,090
No
First
Jun 15, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$128,767
$113,233
46%
53%
$852/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,600/mo
$1,102/mo
+$498/mo
7.9%

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.

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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: Bedford

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