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$280,000

1505 Terrace St, Arlington, TX, 76012

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,902 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.21 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,760 sqft

Building Information

Year Built1968
Stories1
Garage Spaces1

Land Information

APN41520-1-14
Lot Number14
SubdivisionTerrace Hill Estates Addition
Land UseResidential
Legal DescriptionTERRACE HILL ESTATES ADDITION BLOCK 1 LOT 14
Census Tract121605
Assessed Land Value$35,040
Assessed Improvement Value$267,033
Assessment Year2025

About this property

Beautifully updated and full of comfortable living space, this 3-bedroom, 2-bath home offers a flexible layout in a convenient location. Mature trees frame the property and provide plenty of shade, while the large covered front porch creates a welcoming spot to relax and enjoy the outdoors. Inside, the main living room features a wood-burning fireplace that adds warmth and character to the space. A second living area adjoins the dining room, giving you extra room to spread out, entertain or create a setup that works for your lifestyle. Both spaces have been updated with laminate wood flooring for a clean, cohesive look. The galley-style kitchen combines function with attractive finishes, including granite countertops, stainless steel appliances and a decorative backsplash. Part of the garage has been converted into an additional room, offering plenty of possibilities as a fourth bedroom, home office, game room, hobby area or flexible bonus space. Two secondary bedrooms share the guest bath, while the generously sized primary suite includes its own private bath. Outside, the shaded backyard provides plenty of room for playing sports, gathering with friends and family or simply enjoying time outdoors, with ample parking adding to the home's everyday convenience. Located near Central Arlington, the home offers easy access to shopping, dining, schools, entertainment and many of the conveniences Arlington has to offer.

Investor Tools

$653,126Estimated Mortgage Balance
$339,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,034 /month
Positive
Cash Flow Estimate:
$678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,148/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,085
$302,073
2025
$35,040
$267,033
$302,073
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,085
$302,073

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$515,900
No
First
Jan 8, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$653,126
N/A
0%
193%
$4,375/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$4,375/mo
$-2,448/mo
6.8%

City: Arlington