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$216,000

128 Lassetter Drive, Red Oak, TX, 75154

$280,800 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,735 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.5 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Convection Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage
Lot Size24,916 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.7882.002.014.00.111
Lot Number14
SubdivisionRidge Crest Ests #2
Land UseResidential
Legal DescriptionLOT 14 BLK 2 RIDGE CREST ESTS #2 0.572 AC
Census Tract060207
Assessed Land Value$95,000
Assessed Improvement Value$235,838
Assessment Year2025

About this property

JUST REDUCED!! Beautiful 3-bedroom, 2-bath brick home on more than half an acre outside of Red Oak city limits, but close to restaurants and shopping. Rooms are open and spacious with stunning vaulted ceiling in the living room. Swimming pool in the fenced backyard has an attached spa for year-round enjoyment. This home cannot be missed!

Investor Tools

Property Icon
$319,833
Estimated Property Value
$0Estimated Mortgage Balance
$130,475Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$280,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,919 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$398/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,178
$319,833
2025
$95,000
$235,838
$330,838
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,178
$319,833

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Va
$214,900
Yes
First
Apr 6, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,358
$130,475
40%
59%
$1,289/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,289/mo
+$791/mo
7.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Red Oak

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128 Lassetter Drive | Property Details | No Agent List