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$509,000

Beds
3
Baths
2.0
sq ft
1,745

1605 Wilma Ln, Arlington, TX 76012

1605 Wilma Ln

Arlington, TX 76012

  • 6 days on market
INVESTORS, BUILDERS or CLIENTS looking for a project house this is for you! Bring your vision to this amazing rare wooded 3-acre estate lot located in NW Arlington. Do a tear down and build a custom dream home or keep existing home and do a total rehab to restore back to its original beauty of 1927. The real VALUE of this listing is the land. This property has approximately 360 feet of frontage and is approximately 350 feet deep making it a square shape that could easily be subdivided into multiple lots. So much potential and possibilities with this incredible property with easy access to both Dallas and Fort Worth. Property is being sold AS IS. Seller will not make any repairs.

Details

Property type

Single Family Residence

Est. home value

$548,495

Lot size

3.0 acres

Price per sq ft

$292

Year built

1927

Price History

03/27/2025
NTREIS

NTREIS #20741512

Removed
03/27/2025
NTREIS

NTREIS #20884625

Listed
$509,000
-1.93%
03/13/2025
NTREIS

NTREIS #20741512

Price change
$519,000
-5.64%

Schools & Community

Neighborhood: 

West

Elementary school: 

Wimbish

Middle school: 

Unknown

High school: 

Lamar

School district: 

Arlington ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$108,709
Asking price
$509,000
Closing costs (~8% of asking)
-$40,720
Est. remaining loan balance
-$359,571
Cash to seller
$108,709

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Gulf Coast Bank & Trust Co

Loan start date

April 2021

Original loan amount

$394,250

Est. remaining balance

$359,571

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

James Charles Kahler

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/03/2025 at 2:05 PM

Listing updated: 03/28/2025 at 7:17 AM

Listed by: Sherry Le, The Michael Group Real Estate Phone #: (817) 577-9000

MLS: NTREIS #20884625

NTREIS logo

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