Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$302,000

NAL Estimated Property Value

1509 Lexington Dr, Garland, TX, 75041

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,820 Sq Ft
price_per_sqft$170.33 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Parquet, Tile, Wood

Exterior

Exterior FeaturesPlayground, Storage, Other, Garden
Lot Size8,400 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26560500010120000
Lot Number12
SubdivisionSouthgate Acres
Land UseResidential
Legal DescriptionSOUTHGATE ACRES 1 BLK 1 LOT 12 INT202200143220 DD05112022 CO-DC 5605000101200 1CG56050001
Census Tract018401
Assessed Land Value$65,000
Assessed Improvement Value$217,430
Assessment Year2025

About this property

Beautiful home with custom upgrades you'll fall in love with! Spacious floor plan, tons of built-ins and storage everywhere. Fourth bedroom makes an excellent home office! Just a few of the custom touches: roof, windows, tankless water heater (2022), 14x11 workshop with electric, storage shed, HUGE custom wood treehouse and playground, FOUR ovens (two 24 inch and two 30 inch, perfect if you love to bake!), 5 burner gas cooktop, oversized utility room...and so much more! Owner pride definitely shows in every room, including the master suite with a private door to the backyard and an updated bath with jet tub, large walk-in shower, dual vanities and even more storage! Two blocks to Roach Elementary and Buddy Graham Park with playground and walking trail. Tile and wood floors throughout - two bedrooms with parquet wood! Relax outside on the large covered patio that leads to the workshop and access to the driveway. Close to 635 and easy access to Dallas!

Investor Tools

Property Icon
$302,000
Estimated Property Value
$310,897Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,422
$282,430
2025
$65,000
$217,430
$282,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,422
$282,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Va
$336,055
Yes
First
May 11, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,897
N/A
0%
103%
$2,015/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,015/mo
+$557/mo
10.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Garland

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1509 Lexington Dr | Property Details | No Agent List