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$563,600

NAL Estimated Property Value

1224 Reininga Dr, DeSoto, TX, 75115

$573,889 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,731 Sq Ft
price_per_sqft$147.01 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Gas Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave

Exterior

Lot Size10,965 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces3

Land Information

APN201043000E0010000
Lot Number1
SubdivisionTrees Farm Phase
Land UseResidential
Legal DescriptionTREES FARM PHASE 1 BLK E LT 1 ACS 0.2518 INT202400071267 DD04032024 CO-DC 1043000E00100 4CS1043000E
Census Tract016623
Assessed Land Value$100,000
Assessed Improvement Value$463,600
Assessment Year2025

About this property

Embrace the splendor of elegance and space in this stunning 4 bedroom, 3.5 bathroom home nestled in the heart of Desoto, Texas. Step into a soaring foyer that sets the tone for this architectural gem with an executive office space. The heart of the home unfolds into a breathtaking open-concept living room, adorned with high ceilings and a classic fireplace for memorable family gatherings. Cooking adventures await in the stunning kitchen with premium appliances, such as a gas cooktop, creamy white cabinetry, and a gorgeous island, primed for those wonderful dinner party prep. The master suite is a sanctuary of peace with a spa-like ensuite and walk-in closet. Enjoy family time with movie nights in the exquisite media room. A backyard grill drop and a 6' fence will ensure your privacy while you entertain. With a 3-car garage, solar system, and gas heating, this home offers unmatched luxury and eco-friendly living. A sanctuary designed for a lifetime of memories. Welcome home!

Investor Tools

Property Icon
$563,600
Estimated Property Value
$297,353Estimated Mortgage Balance
$266,247Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$573,888
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,382 /month
Positive
Cash Flow Estimate:
$1,127 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,276/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,498
$563,600
2025
$100,000
$463,600
$563,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,498
$563,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Loan Store Inc
Conventional
$308,937
No
First
Apr 3, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,353
$266,247
47%
53%
$1,853/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$2,353/mo
+$297/mo
5.6%

City: DeSoto

1224 Reininga Dr | Property Details | No Agent List