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$451,000

NAL Estimated Property Value

1357 Lake Grove Ln, DeSoto, TX, 75115

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,363 Sq Ft
price_per_sqft$192.97 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,182 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20034400020220000
Lot Number22
SubdivisionForest Creek
Land UseResidential
Legal DescriptionFOREST CREEK BLK 2 LT 22 ACS 0.2296 INT20200016885 DD06232020 CO-DC 0344000202200 4CS03440002
Census Tract016619
Assessed Land Value$58,500
Assessed Improvement Value$382,390
Assessment Year2025

About this property

Welcome to 1357 Lake Grove Lane, a beautifully maintained home located on a quiet cul-de-sac in DeSoto. Built in 2020, this 4-bedroom, 3-bath, 2-car garage residence offers approximately 2,334 sq. ft. of elegant living space. The open-concept floor plan features raised ceilings with decorative moldings, a spacious living area with an electric fireplace, and a formal dining room perfect for entertaining. The kitchen includes granite countertops, stainless-steel appliances, a breakfast nook, and a wet bar that opens into the living room. The split-bedroom layout ensures privacy, and an additional office space provides flexibility for remote work or study. The primary suite offers a tiled garden tub, a glass-enclosed shower, and generous closet space. Washer, Dryer and Refrigerator will convey. Enjoy outdoor living at its finest with a private backyard oasis featuring a sparkling pool, a covered patio, and low-maintenance turf landscaping. This home combines comfort, style, and functionality. Ready for its next owner to move in and enjoy.

Investor Tools

Property Icon
$451,000
Estimated Property Value
$252,553Estimated Mortgage Balance
$198,447Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,736 /month
Positive
Cash Flow Estimate:
$912 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$904/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,590
$440,890
2025
$58,500
$382,390
$440,890
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,590
$440,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$279,837
Yes
First
Jun 23, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$252,553
$198,447
44%
56%
$1,712/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$1,712/mo
+$938/mo
7.1%

City: DeSoto

1357 Lake Grove Ln | Property Details | No Agent List