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$496,000

111 Parks St, Midlothian, TX, 76065

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$224.81 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Gas Grill, Rain Gutters, Lighting, Outdoor Kitchen
Lot Size18,731 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN54.8662.004.015.00.108
Lot Number15
SubdivisionTwin Creeks #3
Land UseResidential
Legal DescriptionLOT 15 BLK 4 TWIN CREEKS #3 .43 AC
Census Tract060211
Assessed Land Value$130,000
Assessed Improvement Value$365,162
Assessment Year2025

About this property

Come home to this backyard oasis in the desirable Twin Creeks neighborhood! Quality built custom Jim Johnson home with beautiful built ins. Fully equipped outdoor kitchen including sink, cabinets, built in grill and granite countertops all under this huge cedar pergola! Choose to cozy up to the fireplace inside or outside with living room fireplace or fireplace built into the pergola. Beat the Texas heat in your own in-ground, gunite pool! The pool features beautiful rock ledge with waterfall, lights and thoughtfully chosen water features. Enjoy cold temperatures with this low maintenance 8 person Bullfrog X7 series hot tub (only 2 years old!). Recently upgraded wood flooring in the living areas. Four bedrooms plus a separate office (perfect for remote workers!). You will love the oak kitchen cabinets and gas cooktop! Pull through iron gate for easy access to the back plus additional parking slab added to the driveway! This picturesque backyard comes alive in the evening with lights throughout, added to each of the trees. Take it all in from the huge windows in the living room facing the pool! This backyard not only features the pool and kitchen- there is also tons of yard space and privacy between neighbors with almost half an acre! The neighborhood sidewalks and low traffic streets are perfect for walking your dogs or family bike rides. Meticulously maintained inside and out. Sprinkler system and gutters added for low stress maintenance. Roof replaced with high quality 30 year shingle in fall of 2019. Water heater replaced December 2022. Truly a dream property but in an affordable price range! Desirable Heritage High district!

Investor Tools

Property Icon
$496,000
Estimated Property Value
$0Estimated Mortgage Balance
$496,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,976 /month
Positive
Cash Flow Estimate:
$992 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$669/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,545
$495,162
2025
$130,000
$365,162
$495,162
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,545
$495,162

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$496,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$100/mo
+$1,920/mo
4.9%

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.

Explore Texas Explore This Area
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: Midlothian

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111 Parks St | Property Details | No Agent List