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$395,000

132 Redwood Dr, Highland Village, TX, 75077

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,745 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.36 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size13,800 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces5

Land Information

APNR05162
Lot Number5
SubdivisionLakewood Estates
Land UseResidential
Legal DescriptionLAKEWOOD ESTATES BLK 6 LOT 5
Census Tract021513
Assessed Land Value$124,200
Assessed Improvement Value$301,873
Assessment Year2025

About this property

What a wonderful find! In the established part of Highland Village, close proximity to Lake Lewisville and I 35 easy access, 132 Redwood is a delightful home. The lot is a third of an acre with ample parking for cars, boats, or RV's. Did I mention NO HOA? The backyard is fully enclosed with an electric gate for entrance. There is a workshop, 10x12, with electrical and a water spigot right outside. The enlarged garage also has a indoor workshop that is heated and cooled for those summer and winter nights. The schools----- The Great Three of LISD! Marcus High School, Briarhill Middle School and McAuliffe Elementary School for the win! This 3 bedroom, 2 bath home is perfect for starting out or downsizing. There are so many bonuses with this home that has been meticulously cared for. Bring your buyers!

Investor Tools

Property Icon
$432,000
Estimated Property Value
$404,085Estimated Mortgage Balance
$52,120Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,592 /month
Positive
Cash Flow Estimate:
$864 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$697/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$425,121
2025
$124,200
$301,873
$426,073
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$425,121

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Va
$404,085
Yes
First
Feb 10, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$379,880
$52,120
12%
88%
$2,423/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$2,423/mo
+$37/mo
6.8%

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: Highland Village

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132 Redwood Dr | Property Details | No Agent List