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$565,000

1240 Park Xing, Grand Prairie, TX, 75104

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,054 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size1.06 acres

Building Information

Year Built2013
Stories2
Roof Type105
Garage Spaces2

Land Information

APN281209200L2451000
Lot Number2451
SubdivisionLake Ridge Sec
Land UseResidential
Legal DescriptionLAKE RIDGE SEC 19 BLK L LT 2451 INT201200191713 DD06292012 CO-DC 1209200L24510 4CP1209200L
Census Tract016525
Assessed Land Value$200,000
Assessed Improvement Value$649,120
Assessment Year2025

About this property

Watch the sunrise from the back porch, head to work then come home and watch the sunset from the front porch! NEW ROOF! This gorgeous beauty is tucked inside the vibrant Lake Ridge at Joe Pool Lake community. You'll find four bedrooms, 3 full baths, an office and a bonus loft in this Cedar Hill ISD home. Roomy enough to provide all the space you need to relax comfortably, and gorgeous views of the Pleasant Valley Nature Park Corp of Engineers land that sits next door! As you open the gorgeous, brand new iron front door you will find a vaulted entry that ushers you in to your new great room with a brick fireplace and an extended private formal dining room. The kitchen is perfect for entertaining, with a full breakfast bar, prep island, refrigerator that stays, pantry, beverage cooler and stainless appliances. The large laundry room is conveniently located just inside the garage door and has plenty of cabinet space for storage and a double door closet. A dedicated office space sits just off the kitchen and the exterior door leads out to your patio and beautiful yard that overlooks the park and the beautiful sunshine rising each day! Behind the kitchen, head upstairs to your bonus room area, two additional bedrooms and a full bath with a tile shower. On the main floor the primary suite is expansive and treats you to a soaking tub and walk-in tile shower along with a huge primary closet. A 2nd bedroom on the main floor and a full bath next door make it a perfect setup for multi-generational family living. This home also comes with a brand new roof, upgraded SlabTech foundation with over 30 additional piers for foundation stability, new belt-drive garage opener, and brand new gorgeous iron front door. With the proximity to the nature park and almost-no-neighbors, you cannot beat the location in this coveted neighborhood!

Investor Tools

Property Icon
$849,120
Estimated Property Value
$290,000Estimated Mortgage Balance
$276,742Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,095 /month
Positive
Cash Flow Estimate:
$1,698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,167/month
$315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,756
$849,120
2025
$200,000
$649,120
$849,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,756
$849,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Unknown
$290,000
No
First
Aug 7, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$572,378
$276,742
32%
67%
$3,478/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,070/mo
$3,793/mo
$-723/mo
4.3%

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.

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: Grand Prairie

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1240 Park Xing | Property Details | No Agent List