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$351,810

NAL Estimated Property Value

1215 Terrace Drive, Mesquite, TX, 75150

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,010 Sq Ft
price_per_sqft$179.1 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Double Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,480 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN381208100B0090000
Lot Number9
SubdivisionMeadowview Farms
Land UseResidential
Legal DescriptionMEADOWVIEW FARMS 3 BLK B LOT 9 INT202200214335 DD08042022 CO-DC 1208100B00900 1CM1208100B
Census Tract017811
Assessed Land Value$80,000
Assessed Improvement Value$271,810
Assessment Year2025

About this property

Charming 4 bedroom, 1 level home with updated flooring, baths and kitchen. Home boast natural light throughout, spacious floorplan, covered back patio and large enough yard for pool or play. Located with easy access to highways and shopping, this beautiful home is settled in a quiet neighborhood backing up to a greenbelt. Come enjoy hours sitting in your California style tub, relaxing under the covered back patio, or spread out in the family room watching tv. The flow of the house will make for great entertaining. This one is a must see from interior to exterior.

Investor Tools

Property Icon
$351,810
Estimated Property Value
$156,735Estimated Mortgage Balance
$195,075Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$829/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,195
$351,810
2025
$80,000
$271,810
$351,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,195
$351,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$168,500
No
First
Aug 4, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,735
$195,075
55%
45%
$1,011/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,011/mo
+$1,561/mo
8.8%

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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1215 Terrace Drive | Property Details | No Agent List