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$269,000
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Property Description
$20,000 concessions being offered a remarkable value opportunity awaits at 5616 Atlantis Terrace, a brick 3-bedroom, 2-bath home offering roughly 1,303 square feet in a sought-after pocket of Arlington. With the recently price adjustment, this one is built to move-and the incentives sweeten the deal considerably. Here's what makes the Math Irresistible: the seller is offering a lender-paid temporary Interest rate Buydown for qualified buyers, potential Down Payment Assistance eligibility, and $20,000 in Concessions that can go toward renovations or loan costs. That's genuine flexibility for savvy buyers. Inside is an open-concept layout where the living room, kitchen, and breakfast area connect effortlessly. The kitchen impresses with a slide-in smooth-top stainless range set into a functional island, crowned by a sleek stainless-and-glass range hood. A corner brick veneer fireplace warms the living space, while wood-look vinyl flooring flows through the main areas and carpet in the bedrooms. The laundry tucks neatly into the kitchen for everyday convenience. Outdoors, a large fenced backyard delivers mature shade trees. Location adds even more appeal. Thora Hart Park sits just minutes away, while Sprouts Farmers Market and local shopping nearby. You're only five minutes from Lake Arlington's boating, fishing, and scenic trails, and just ten minutes from the Arlington Entertainment District - home to the Texas Rangers, Dallas Cowboys, and the National Medal of Honor Museum. Ready for occupancy and perfectly positioned! Conveniently located about 3 miles from I-20 and HWY 287. Move-in ready and priced to sell-schedule your showing today!
Full Property Details
Full Property Details for 5616 Atlantis Terrace
General
- Price: $269,000
- Taxes: $5,444
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21231632
- Updated: 8/28/2026
- Added to Site: 151 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Cable TV
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Appliances: Dishwasher, Electric Range
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, In Kitchen
Exterior
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Door-Multi, Garage Faces Front, Garage
Location
- County: Tarrant
- Subdivision: Lakeridge Estates Add
- Driving Directions: GPS
School Information
- Elem School District: Arlington ISD
- Midd School District: Arlington ISD
- High School District: Arlington ISD
- Elementary School: Ditto
- Middle School: Young
- High School: Martin
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Sewer Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition, Shingle
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 1,303 Sq. Ft.
- Year Built: 1977
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.179
- Lot Size (Sq. Ft.): 7,797.24
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,444
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: LAKERIDGE ESTATES ADDITION BLOCK D LOT 4
- Property ID: 1554344
- Block: D
- Lot Number: 4
Listed by WM Realty Tx LLC, Erica Guest
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Schools
Schools serving 5616 Atlantis Terrace
School District:Arlington Independent School District
| Name | Grades | Distance |
|---|---|---|
Ditto Elementary School 3001 Quail Lane, Arlington, TX 76016 | K-6 | 0.3 mi |
Young J High School 3200 Woodside Drive, Arlington, TX 76016 | 7-8 | 1 mi |
Martin High School 4501 West Pleasant Ridge Road, Arlington, TX 76016 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5616 Atlantis Terrace
Date
Details
Price
Change
Source
6/08/2026
Price Reduced
$269,000
-3.24%
MLS
5/18/2026
Price Reduced
$278,000
-1.42%
MLS
4/07/2026
Listed
$282,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5616 Atlantis Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,444
-1%
$249,000
-1%
2023
$5,486
—
$252,581
2%
2023
$5,486
-1%
$248,619
11%
2022
$5,551
37%
$223,175
41%
2021
$4,051
-1%
$158,000
—
2020
$4,105
5%
$158,000
2%
2019
$3,896
6%
$155,125
10%
2018
$3,664
9%
$141,023
10%
2017
$3,355
4%
$128,203
6%
2016
$3,216
-4%
$120,833
-3%
2015
$3,359
26%
$124,300
9%
2013
$2,674
—
$113,960
10%
2013
$2,674
—
$103,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5616 Atlantis Terrace
5616 Atlantis Terrace, Arlington, TX 76016 (MLS# 21231632) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5616 Atlantis Terrace is currently listed for $269,000 and was received on April 07, 2026. Want to learn more about 5616 Atlantis Terrace? Do you have questions about finding other Single Family real estate for sale in Arlington? You can browse all Arlington real estate or contact a Coldwell Banker agent to request more information.

