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$336,000

NAL Estimated Property Value

1501 Shady Ln, Decatur, TX, 76234

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.81 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Washer

Exterior

Exterior FeaturesRain Gutters
Lot Size8,494 sqft

Building Information

Year Built1989
Stories1
Roof Type158

Land Information

APND3400.0040.00
Lot Number4
SubdivisionWoodland Estates
Land UseResidential
Legal DescriptionLOT 4 WOODLAND ESTATES
Census Tract150202
Assessed Land Value$67,575
Assessed Improvement Value$218,254
Assessment Year2025

About this property

This 1600 sq ft home with 4 bedrooms (one could easily be an office if you needed it to be) 2 bathrooms can be your starter home or an investment property for you. It is located on 0.195 acres lot with a nice privacy backyard to enjoy your own back yard living area. It is a well-built home that can make you a very nice home or can be a great investment rental property. It is located in a small quiet neighborhood in Decatur and is very near to anything you need. Please check it out today! It is priced to sell and won't last very long!

Investor Tools

Property Icon
$336,000
Estimated Property Value
$287,926Estimated Mortgage Balance
$48,074Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,016 /month
Positive
Cash Flow Estimate:
$672 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$292/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,822
$285,829
2025
$67,575
$218,254
$285,829
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,822
$285,829

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Fha
$283,274
Yes
First
Jul 2, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,926
$48,074
14%
86%
$1,786/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.

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: Decatur

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1501 Shady Ln | Property Details | No Agent List