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503 North Walnut Creek Drive

503 North Walnut Creek Drive, Mansfield, TX 76063
Sold Mar 15, 2021
$1,912,500
$1,530,000 by Texas Bank And Trust Co
Mortgage Due Mar 10, 2026
Sold Sep 21, 2015
$153,100
$122,500 by Franklin American Mortgage Co
Mortgage Due Oct 01, 2045
Local assessors in Mansfield, TX have categorized 503 North Walnut Creek Drive as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 13,404 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 503 North Walnut Creek Drive has a total of 2,680 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 882 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 503 North Walnut Creek Drive sold most recently in Mar 10, 2021 for a total of $1,912,500. If you work out the math, that's approximately a cost of $713.62 per sqft. Before that, the property was also sold for $153,100 in Sep 4, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,155 in taxes each year. 503 North Walnut Creek Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $266,487. If we break it down further, the land itself was valued at $43,078. Improvements to the property, however, were assessed at a total of $223,409. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 882
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 13,404
  • Total Building Area: 2,680
  • Gross Building Area: 2,680
  • Building Area: 2,680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,680
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKRIDGE ESTATES (MANSFIELD)
  • Land Acres: 0.308
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: PARKRIDGE ESTATES (MANSFIELD) BLOCK 3 LOT 31

Ownership

  • Current Owner : CARLSON PROPERTY SOLUTIONS LLC
  • Previous Owner : CARLSON BRYAN
  • Previous Owner 2: CARLSON BRIDGET
  • Owner Before Previous Owner: TITAN ASSOCIATES

Neighborhood

  • School District Name: Mansfield Independent School District
  • School Tax School District: MANSFIELD
  • Census Tract: 111308

Geography

  • Assessors Map Reference: 124-P
  • Account Number: 02132354
  • District: 017
  • Parcel: 02132354
  • Block: 3
  • Lot: 31
  • Municipality: MANSFIELD
  • Latitude: 32.571
  • Longitude: -97.1342

    Address

  • Full Address: 503 N Walnut Creek Dr
  • Address - House Number: 503
  • Street Direction: N
  • Address - Street Name: Walnut Creek
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mansfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 3205
  • Zip Code: 76063

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,155
  • Tax Rate Code Area: 908

    Appraisal Valuation

  • Standard Deviation: 0.2149
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 361,784
  • High Value: 439,535
  • Low Value: 284,034

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,530,000
  • First Open Lien Mortgage Lender: TEXAS BANK AND TRUST CO
  • First Open Lien Mortgage Recording Date: Mar 15, 2021
  • First Open Lien Mortgage Loan Amount: $1,530,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Mar 10, 2026

    Market Valuation

  • Market Total Value: $266,487
  • Market Land Value: $43,078
  • Market Improvement Value: $223,409

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,487
  • Assessed Land Value: $43,078
  • Assessed Improvements Value: $223,409

    Sales

  • Current Sale Contract Date: Mar 10, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Transaction ID: 11825969638
  • Current Sale Price: $1,912,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: D221067875
  • Previous Sale Recording Date: Sep 21, 2015
  • Previous Sale Contract Date: Sep 04, 2015
  • Previous Sale Amount: $153,100
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: TEXAS BANK AND TRUST CO
  • First Mortgage Transaction Date: Mar 15, 2021
  • First Mortgage Loan Amount: $1,530,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Mar 10, 2026

    Previous Mortgages

  • Previous Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • Previous Mortgage Transaction Date: Sep 21, 2015
  • Previous Mortgage Loan Amount: $122,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2045

About Parkridge Estates at Mansfield



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Frequently Asked Questions

What neighborhood is 503 North Walnut Creek Drive located in?
The 503 North Walnut Creek Drive is a located in the neighborhood of Parkridge Estates at Mansfield in Parkridge Estates at Mansfield, Mansfield.
What is the average sales price for listings in 503 North Walnut Creek Drive?
The average sales price for units in 503 North Walnut Creek Drive is $0 currently.

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