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$225,000

4638 Colgate Ln, Garland, TX, 75042

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,257 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Vented Exhaust Fan
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size7,200 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26193500010180000
Lot Number18
SubdivisionForest Ridge
Land UseResidential
Legal DescriptionFOREST RIDGE 1 BLK 1 LT 18 VOL2004154/9799 CO-DC 1935000101800 3CG19350001
Census Tract019045
Assessed Land Value$70,000
Assessed Improvement Value$190,910
Assessment Year2025

About this property

Welcome home to this classic brick traditional on a tree-shaded lot in an established neighborhood. A covered front porch with stone column accents opens to a foyer defined by original scrolled wrought-iron dividers that frame the formal living and dining rooms. The wide, well-apportioned family room opens to the backyard with wide patio doors and the entertainer’s kitchen via a pass-through. The kitchen offers honey-oak cabinetry with generous storage and ample counter space. The bedroom wing includes a primary bedroom with en-suite bath, a secondary bedroom with built-in dresser drawers and cabinetry, and a full hall bath with tub or shower. Crown molding and ceiling fans carry through each bedroom. The deep backyard is fenced and shaded by mature trees, with lamp-post lighting and established planting beds. A detached cottage-style workshop or storage building with carriage doors offers flexible space for a studio, hobby room, or potting shed. A long side driveway provides extra off-street parking and leads to a rear-entry two-car garage. Solid construction and a well-proportioned single-story floorplan make this a wonderful opportunity to personalize and build value. This home is convenient to shopping, dining, parks, and major commuter routes.

Investor Tools

$0Estimated Mortgage Balance
$315,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Megan Johnson

Modernest Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$247/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,393
$260,910
2025
$70,000
$190,910
$260,910
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,393
$260,910

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$315,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
7.5%

City: Garland