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$1,146,000

1301 Laurence Dr, Heath, TX, 75032

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$655.59 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size4.41 acres

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces4

Land Information

APN5010-0000-0009-00-0R
Lot Number9
SubdivisionL B Smirl #2
Land UseResidential
Legal DescriptionL B SMIRL #2, LOT 9 & PT 8, ACRES 4.415
Census Tract040507
Assessed Land Value$706,400
Assessed Improvement Value$314,659
Assessment Year2025

About this property

In the most affable & lighthearted way possible, I'd like to challenge you to find a more extraordinary property in Heath. Boasting 4.415 acres, a 2,000 sq ft insulated shop with 16 foot ceilings, a luxury diving pool, a 2,300 sq ft home, an absolute sprawl of equipment canopies & space for literally anything you can imagine on rolling & fertile terrain, what tops it all off is its location. This one-owner property is a showpiece for our town; it's within walking distance of dining, shopping, & Heath High School, & as I type this there are million dollar homes under construction on all sides of this gem of a homestead. The fence, trees, pond, drainage, & the home itself have all been maintained by the most honest & servant-hearted folks whose families both go back to this area dating back over a century. Its possible uses are innumerable: keep it the way it is & you'll be treated to craftsmanship above reproach, or treat the property as a canvas & set about painting a masterpiece.

Investor Tools

Property Icon
$1,146,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,146,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,241/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,156
$1,021,059
2025
$706,400
$314,659
$1,021,059
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,156
$1,021,059

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,146,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Heath

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