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$315,000

7403 Fossil Lake Dr, Arlington, TX, 76002

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,432 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.97 / sqft
Year BuiltBuilt in 2003

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, Disposal, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Vinyl

Exterior

Lot Size5,310 sqft

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APN14564-9-26
Lot Number26
SubdivisionFossil Lake Addition
Land UseResidential
Legal DescriptionFOSSIL LAKE ADDITION BLOCK 9 LOT 26
Census Tract111568
Assessed Land Value$50,000
Assessed Improvement Value$217,865
Assessment Year2025

About this property

Welcome to 7403 Fossil Lake Dr, an updated single-story brick home blending modern design with peace of mind. Fully remodeled in 2021, this turn-key residence is move-in ready. From the blooming crepe myrtle out front to the convenience of a smart garage door opener, every detail is thoughtfully considered. Inside, an inviting open-concept floor plan is bathed in natural light from brand-new windows installed throughout. The spacious living room features vaulted ceilings, an exposed beam, wood-look flooring, and a painted brick fireplace. A premium Trane HVAC system with a three-year warranty keeps the home comfortable year-round. The reimagined chef’s kitchen boasts white shaker cabinetry, bold black hardware, a farmhouse sink, and a light-blue subway tile backsplash. Entertaining is a breeze in the dining nook, and you can host with confidence knowing the kitchen appliances and water heater are all five years old or newer. The primary suite offers a relaxing retreat with a walk-in closet and a gorgeous dual-vanity en-suite bathroom. Across the home, beautifully appointed guest rooms share a striking second bathroom showcasing a seamless glass shower with dark blue subway tile. A dedicated laundry room adds everyday functionality. Outside, a large, private, fully-fenced backyard offers a fantastic blank canvas for outdoor living. Maintaining the lush lawn is effortless thanks to a sprinkler system—a highly desirable upgrade that most homes in this neighborhood do not have!

Investor Tools

$273,841Estimated Mortgage Balance
$18,159Estimated Equity
6% 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?

Michelle Appling

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$532/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,923
$267,865
2025
$50,000
$217,865
$267,865
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,923
$267,865

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fort Worth Community Cu
Credit Line (Revolving) / Heloc
$70,000
No
First
Oct 21, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,841
$18,159
6%
94%
$1,701/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$1,701/mo
+$1,179/mo
11.8%

City: Arlington

7403 Fossil Lake Dr | Property Details | No Agent List