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$169,900

1501 Lakewood Drive, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths922 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.27 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size10,050 sqft

Building Information

Year Built1952
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26307500040170000
Lot Number17
SubdivisionLakewood
Land UseResidential
Legal DescriptionLAKEWOOD 1 BLK D LT 17 INT201900209543 DD08082019 CO-DC 3075000401700 1CG30750004
Census Tract018900
Assessed Land Value$110,000
Assessed Improvement Value$129,240
Assessment Year2025

About this property

Gorgeous 3-1-1 near downtown Garland. Great place to entertain w huge corner lot, updated kitchen & bath plus comfy spacious back yard space. New kitchen w modern cabinets (lazy susan) quartz c-tops, high end range & vent hood. Updated paint in & out w hard surface flooring throughout. Back yard is paradise w huge 22X12 cedar covered patio plus extra entertainment space, newish storage shed, lots of grass and shade galore! New roof, new double pane windows all 2019.

Investor Tools

Property Icon
$239,240
Estimated Property Value
$0Estimated Mortgage Balance
$115,497Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,435 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,150
$239,240
2025
$110,000
$129,240
$239,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,150
$239,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Watermark Capital Inc
Conventional
$139,000
No
First
Sep 4, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,743
$115,497
48%
52%
$834/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$834/mo
+$1,138/mo
9.9%

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: Garland

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1501 Lakewood Drive | Property Details | No Agent List