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$515,000

NAL Estimated Property Value

1502 Summer Lane, Midlothian, TX, 76065

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,365 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$100.3 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,888 sqft

Building Information

Year Built2016
Stories2
Roof Type105
Garage Spaces2

Land Information

APN54.7370.003.010.00.108
Lot Number10
SubdivisionParkside Estates
Land UseResidential
Legal DescriptionLOT 10 BLK 3 PARKSIDE ESTATES 0.227 AC
Census Tract060702
Assessed Land Value$121,000
Assessed Improvement Value$389,575
Assessment Year2025

About this property

Like-new 2-story Bloomfield brick-stone home with open floor plan on large landscaped corner lot across from playground & near Mockingbird Nature Park. Master, 2 bedrooms down, study upfront could be 5th bedroom, game room, media room & large bedroom & third full bath upstairs. Gourmet kitchen flanked by large breakfast nook boosts stainless steel appliances, custom 42in cabinets, granite countertop & upgraded backsplash. Large master suite w-bay windows, walk in closet, dual granite vanities & oversized tiled shower. Formal dining room, WBFP in open living room, engineered wood floors & upgraded carpet throughout. Covered patio overlooking a large back yard w-plenty of room for summer time fun & entertainment!

Investor Tools

Property Icon
$515,000
Estimated Property Value
$293,408Estimated Mortgage Balance
$221,592Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,080/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,388
$510,575
2025
$121,000
$389,575
$510,575
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,388
$510,575

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
River City Mortgage Llc
Fha
$323,144
Yes
First
Jul 28, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,408
$221,592
43%
57%
$1,938/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.

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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: Midlothian

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1502 Summer Lane | Property Details | No Agent List