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$341,000

NAL Estimated Property Value

1308 Lorraine Lane, Mesquite, TX, 75149

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,775 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.69 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size6,812 sqft

Building Information

Garage Spaces2

Land Information

APN38144500030120000
SubdivisionOak Ridge Estates
Land UseResidential
Legal DescriptionOAK RIDGE ESTATES BLK 3 LTS 12 INT202400075264 DD04152024 CO-DC 1445000301200 4CM14450003
Census Tract017606
Assessment Year2025

About this property

This captivating NEW HOME boasts exceptional indoor and outdoor beauty, with an inviting curb appeal that is simply delightful. The interior features 3 bedrooms, possible office space, an open floor plan concept, highlighted by a gourmet kitchen adorned with custom cabinets with open view to the family living space. The family room is adorned with striking inlay ceilings and fireplace, creating a warm and welcoming atmosphere. The open-concept formal living area features soaring ceilings, impressive characteristics and exquisite finishes. This inviting space seamlessly transitions into the kitchen. The primary suite showcasing relaxation that adds a touch of peace his and her closet and a spa-like bathroom. Enjoy the oasis of a backyard, perfect setting for family cookouts and outdoor gatherings. With a wide array of dinning, shopping, and entertainment options just moments away.

Investor Tools

Property Icon
$341,000
Estimated Property Value
$346,374Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,148 /month
Positive
Cash Flow Estimate:
$716 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$756
$294,370
2025
N/A
N/A
$294,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$756
$294,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kind Lending Llc
Fha
$351,515
Yes
First
Jul 2, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$346,374
N/A
0%
102%
$2,108/mo

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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1308 Lorraine Lane | Property Details | No Agent List