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$389,500

1347 Lake Forest Drive, Grand Prairie, TX, 75052

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,863 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.07 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Water Heater, Microwave
FlooringTile, Wood

Exterior

Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Lighting, Private Yard
Lot Size6,600 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN281245600J0020000
Lot Number2
SubdivisionLakewood
Land UseResidential
Legal DescriptionLAKEWOOD PH 5 BLK J LT 2 INT202200292570 DD11102022 CO-DC 1245600J00200 4CP1245600J
Census Tract016416
Assessed Land Value$60,000
Assessed Improvement Value$294,010
Assessment Year2025

About this property

Charming one-story home with thoughtful updates and a spacious layout in a great Grand Prairie location! Spacious entryway and stylish light fixtures create a warm welcome from the moment you step inside. The large office has black french doors and plenty of space. It could easily serve as a game room or second living area. The oversized living room features soaring ceilings, feature fireplace and flows seamlessly into the kitchen and dining area—perfect for entertaining. Enjoy stainless steel appliances, breakfast bar seating, a spacious dining area, pantry space in the laundry room, and abundant storage throughout, including multiple linen and walk-in closets. The large primary suite has beautifully updated tiled walk-in shower with a waterfall feature and bench seating as well as a bidet and a huge walk-in closet. Generously sized secondary bedrooms provide plenty of space for everyone. Wood flooring in all the bedrooms and living spaces - no carpet! Step outside to a grassy backyard with a covered patio and shade screens for comfortable outdoor living year-round. Seller to leave outdoor grill. Neighborhood amenities include a pond, playground, and trails, all just a short drive from Joe Pool Lake and major highways for an easy commute.

Investor Tools

Property Icon
$354,010
Estimated Property Value
$0Estimated Mortgage Balance
$37,085Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,337 /month
Positive
Cash Flow Estimate:
$779 /month

Interested in this property?

Taylor Wilson

Keller Williams Realty Allen

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,714
$354,010
2025
$60,000
$294,010
$354,010
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,714
$354,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$339,500
No
First
Nov 10, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$316,925
$37,085
10%
90%
$2,036/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$2,161/mo
$-41/mo
7.2%

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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