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$302,000

NAL Estimated Property Value

1505 Carnation Dr, Lewisville, TX, 75067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,699 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.3 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerMove-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 Cooktop, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size7,018 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR02505
Lot Number16
SubdivisionGarden Ridge Estates 1
Land UseResidential
Legal DescriptionGARDEN RIDGE ESTATES 1 BLK F LOT 16
Census Tract021743
Assessed Land Value$70,200
Assessed Improvement Value$223,338
Assessment Year2025

About this property

NEW gorgeous floors in the kitchen! Welcome to 1505 Carnation Dr – an amazing one-story home with incredible curb appeal and a low-maintenance front yard, perfect for dry scaping. Step inside to fresh interior paint and brand-new carpet in the primary living room and primary bedroom, creating a bright and welcoming space from the moment you enter. The front living room greets you with charming arched windows and new 2022 sun tunnel skylights that fill the space with natural light, flowing seamlessly into the dining area—perfect for entertaining. The kitchen is a chef’s delight, featuring granite countertops, a center island, and stainless steel appliances, including a 2022 dishwasher and 2022 stove range. Enjoy the benefits of a full kitchen remodel completed in 2022, offering modern finishes and functionality. A second living area offers a cozy brick fireplace, ideal for relaxing evenings. The spacious primary suite includes dual sinks, a beautifully tiled shower, 2024 bidet, and a walk-in closet. Down the hallway, you'll find two additional bedrooms, a full guest bathroom with a brand-new vanity installed in 2024, and a convenient utility closet with a 2020 washer and dryer. Enjoy peace of mind with foundation work completed in 2022 and backed by a lifetime warranty. Step out back to a covered patio that overlooks an adorable grassy backyard complete with garden beds—your own private oasis! A two-car garage rounds out this wonderful home. Don’t miss this move-in ready gem in a great location!

Investor Tools

Property Icon
$302,000
Estimated Property Value
$298,611Estimated Mortgage Balance
$3,389Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,301
$293,538
2025
$70,200
$223,338
$293,538
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,301
$293,538

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$299,475
Yes
First
Mar 26, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,611
$6,389
2%
99%
$1,796/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,796/mo
+$354/mo
8.5%

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: Lewisville

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1505 Carnation Dr | Property Details | No Agent List