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701 Milky Way, Garland, TX, 75040

5beds
3baths
2,562sqft
$399,900
$156price/sqft
$2,810/moest. monthly cost
$112,400/yrincome needed

About This Home

Welcome to this beautiful property where you can call HOME! This stunning home offers an open concept space right when you enter through the front entrance. Five bedrooms where one can be your office space or cave area. Brand new ceiling fans throughout the entire house, new windows throughout the entire house, new doors to each bedroom. There is also new exterior doors that were installed, this includes the front entrance door and the back door that leads you to the backyard. You’ll also see a brand new electrical panel and new garage doors. New engineered hard wood laminated flooring installed along with new 2” base boards throughout the entire house. Come and take a look at this amazing place that can be your home and safe place. This is AS IS. Also, you are minutes away from Firewheel Mall and grocery stores like Sam’s, Walmart, and Target. You are also surrounded by several Elementary Schools and Middle Schools, seven minutes away from Garland High School. Easy access to President George Bush HWY.

Getting Around

40
WalkingCar-Dependent
33
TransitSome Transit
38
BikeSomewhat Bikeable

Schools

5/10
Weaver Elementary SchoolGrades PK-50.2 mi
4/10
Sellers Middle SchoolGrades 6-80.4 mi
5/10
Garland High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1962

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Architectural style: Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Disposal,Microwave

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Family Room

  • Level: First
  • Dimensions: 18 x 19

Features

  • Kitchen Island,Open Floorplan
  • Flooring: Engineered Hardwood,Laminate

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 2,562 sqft

Living Room

  • Features: Ceiling Fan(s)
  • Level: First
  • Dimensions: 14 x 10

Master Bedroom

  • Features: Ceiling Fan(s),Walk-In Closet(s)
  • Level: First
  • Dimensions: 18 x 11

Property

Details

  • Parcel number: 26581500040270000
  • Exclusions: All personal belongings,still occupied by seller

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Fencing: Fenced,Wood

Lot

  • Lot size: 7,753 sqft

Parking

  • Total spaces: 2
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hail
Tornado
Inland Flooding
Ice Storm
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$382$4,584
Property Taxes $125$1,500
Electricity $281$3,375
Total$2,810$33,720
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,342/yr
40% on housing$84,300/yr
45% on housing$74,933/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$156This listing

vs Other Active Listings

Avg $/sqft

ZIP 75040$143
Dallas County$232

vs Homes Sold Last Month

Median $/sqft

ZIP 75040$178
Dallas County$190

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-28Listed for sale$399,900
2023-04-06Listing removed--
2022-10-14Sold--
2022-10-05Pending sale$349,900
2022-09-15Contingent$349,900
2022-09-04Listed for sale$349,900
2022-08-29Contingent$349,900
2022-07-11Listed for sale$349,900
2022-06-27Listing removed$380,000
2022-06-13Listed for sale$380,000
2022-06-09Contingent$380,000
2022-06-01Listed for sale$380,000
2020-03-05Listing removed$1,895
2020-02-15Price change$1,800
2020-01-31Price change$1,795
2020-01-17Listed for rent$1,625
2020-01-10Listing removed$219,900
2019-12-03Price change$219,900
2019-10-24Price change$242,050
2019-10-22Listed for sale$247,000
2019-06-21Listing removed$239,950
2019-06-01Listed for sale$239,950
2016-10-05Listing removed$169,786
2016-08-31Pending sale$169,786
2016-08-01Price change$169,786
2016-07-13Listed for sale$174,786
2007-03-06Sold--

For Sale by Agent

AgentLoida Solorio
BrokerageDecorative Real Estate

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