Last 24 Hours
$245,000
1506 Shelmar Dr, Arlington, TX, 76014
$285,628 ARV
On Market
4 Beds
3 Bath
1,628 Sq Ft
Single Family Residence
$150.49 / sqft
Built in 1966Property Lead Type:
BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 4
Bathrooms Full 1
Garage Available
Heating Central
CoolingExterior
Lot Size8,372 sqft
Building Information
Year Built1966
Stories1
Garage Spaces2
Land Information
APN830-9-9
Lot Number9
SubdivisionArkansas Heights Addition
Land UseResidential
Legal DescriptionARKANSAS HEIGHTS ADDITION BLOCK 9 LOT 9
Census Tract111522
Assessed Land Value$75,375
Assessed Improvement Value$228,532
Assessment Year2025
About this property
Perfect for a growing family, the main house features a spacious layout with a converted garage that now serves as an expansive primary suite. Its central location offers effortless commuting for everyone, thanks to fast access to I-30, I-20, Hwy 360, and the PGBT. Come tour the property today to see firsthand.
Investor Tools
$25,567Estimated Mortgage Balance
$278,340Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$285,628
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,823 /month
Positive
Cash Flow Estimate:
$608 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$573/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,360
$303,907
2025
$75,375
$228,532
$303,907
No
Tax History
Year
Tax Paid
Assessed Value
2025
$5,360
$303,907
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carrington Mortgage Services Llc
Fha
$27,243
Yes
First
Jun 13, 2023
Jun 2063
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$25,567
$278,340
91%
8%
$164/mo
12.4%