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$344,900

4101 Chipwood Ct, Arlington, TX, 76017

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,141 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.09 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Laminate, Tile

Exterior

Lot Size7,871 sqft

Building Information

Year Built1981
Stories1
Garage Spaces2

Land Information

APN14135-7-36
Lot Number36
SubdivisionForest Grove Addition-Arlngton
Land UseResidential
Legal DescriptionFOREST GROVE ADDITION-ARLNGTON BLOCK 7 LOT 36
Census Tract111534
Assessed Land Value$55,000
Assessed Improvement Value$299,599
Assessment Year2025

About this property

Listed as a 3-bedroom, 2-bath home, but it lives much bigger! This Forest Grove property includes a permitted 1-bedroom, 1-bath mother-in-law suite, giving it the practical functionality of a 4-bedroom, 3-bath home. Set on a desirable corner lot leading into a cul-de-sac, this well-maintained home has been thoughtfully updated where it matters most. Mature trees and established landscaping create a welcoming approach. Inside, the main home features a spacious sunken living room with vaulted ceilings and a fireplace. The galley kitchen offers granite countertops and tile flooring and opens to a dinette area with built-in cabinetry and a sliding door to the patio. The primary suite also has its own sliding door to the patio, connecting directly to the backyard. Both bathrooms in the main home have been updated. The standout feature is the permitted 2013 suite, offering a level of flexibility that is hard to find. It includes a bedroom with closet, full bathroom, kitchenette, private exterior entrance, dedicated heating and cooling, separate electrical panel, and a private side driveway with parking right at the door. Ideal for multigenerational living, extended-stay guests, a private home office or studio, or potential rental income to help offset housing costs. Additional updates include a new roof, new cellulose attic insulation, fresh interior paint, new carpet, and both HVAC systems replaced in 2022. Two-car attached garage plus two backyard storage sheds, including a larger shed with electricity for extra storage or workspace. Arlington ISD, minutes from Deaver Park, US-287, and I-20. The suite's separate exterior access keeps the MLS designation at 3-2. If you want extra space, multigenerational flexibility, or income-producing potential, this one deserves a closer look.

Investor Tools

$88,758Estimated Mortgage Balance
$294,242Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,298 /month
Positive
Cash Flow Estimate:
$766 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,255
$354,599
2025
$55,000
$299,599
$354,599
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$4,255
$354,599

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Patriot Bank Mortgage Inc
Stand Alone First / Home Equity First Lien
$120,500
No
First
Nov 19, 2014
Dec 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,758
$294,242
76%
23%
$723/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
$723/mo
+$1,287/mo
6.3%

City: Arlington

4101 Chipwood Ct | Property Details | No Agent List