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$393,773

108 Balsam Drive, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,079 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.92 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Electric Range, Microwave, Double Oven, Tankless Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,013 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APN72.8601.906.012.00.111
Lot Number12
SubdivisionThe Woods Of Red Oak Ph 2
Land UseResidential
Legal DescriptionLOT 12 BLK F THE WOODS OF RED OAK PH 2 0.161 AC
Census Tract060206
Assessed Land Value$70,000
Assessed Improvement Value$323,773
Assessment Year2025

About this property

Move-in ready...Beautiful hardwood and ceramic tile flooring throughout...Screened in back porch...Massive kitchen island...Open floorplan...Expanded custom cabinetry in garage and laundry...Epoxy flooring on garage and back porch...AND priced under $400K! This beautiful home built by First Texas Homes is move-in ready with a transferrable warranty! Because of the custom layout you can choose to have an additional dining, living, or dedicated home office space without having to convert a bedroom. The real beauty is when you enter the main entertaining and chef space. The space is filled with light, energy, and charm. The ceiling detail and arch entryways are truly breathtaking and no matter if you are a seasoned or aspiring chef you're going to love the chef quarters. Cabinets and countertops galore! Having a built-in wine fridge is an additional perk! The massive primary suite is strategically tucked away from the secondary bedrooms and the primary bathroom is truly a dream!

Investor Tools

Property Icon
$393,773
Estimated Property Value
$0Estimated Mortgage Balance
$49,186Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$850/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,232
$393,773
2025
$70,000
$323,773
$393,773
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,232
$393,773

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$371,794
Yes
First
Jun 21, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$344,587
$49,186
12%
88%
$2,230/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,580/mo
$-500/mo
6.3%

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: Red Oak

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108 Balsam Drive | Property Details | No Agent List