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$349,900

1042 Lakeshore Dr, Mesquite, TX, 75149

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,866 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.51 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range
FlooringHardwood

Exterior

Exterior FeaturesStorage
Lot Size20,251 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces2

Land Information

APN38112500010070000
Lot Number7
SubdivisionLake Park
Land UseResidential
Legal DescriptionLAKE PARK BLK A LOT 7 50X168X92X74X92X174 INT202300177365 DD08312023 CO-DC 1125000100700 1CM11250001
Census Tract017500
Assessed Land Value$111,380
Assessed Improvement Value$229,240
Assessment Year2025

About this property

Walk to the lake from your own backyard! This is an opportunity to snatch a rare find in the city of Mesquite.. Welcome to your dream waterfront property tucked away in a private cul de sac lot. Large one story with a versatile layout, perfect for next gen or guest room needs. Large formals and open living room with wall of windows that give your that perfect view of the lake. Home is in original condition with some exposed hardwoods, bring your decorator ideas to make this place stunning! Good size bedrooms and three full baths, spacious kitchen with commercial grade range. Lots of natural lighting throughout and high ceilings. HUGE lot with lots of parking, full 2 car garage plus pad with carport. Enjoy lake living right here in city.

Investor Tools

Property Icon
$340,620
Estimated Property Value
$336,000Estimated Mortgage Balance
$7,056Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,172
$340,620
2025
$111,380
$229,240
$340,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,172
$340,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$336,000
No
First
Dec 4, 2025
Jan 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,564
$7,056
2%
98%
$2,015/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,215/mo
+$357/mo
9.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mesquite

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1042 Lakeshore Dr | Property Details | No Agent List