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$308,000

NAL Estimated Property Value

1515 Carnation Dr, Lewisville, TX, 75067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,820 Sq Ft
price_per_sqft$178.57 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate, Tile

Exterior

Lot Size7,018 sqft

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR02474
Lot Number11
SubdivisionGarden Ridge Estates 1
Land UseResidential
Legal DescriptionGARDEN RIDGE ESTATES 1 BLK F LOT 11
Census Tract021743
Assessed Land Value$70,200
Assessed Improvement Value$186,130
Assessment Year2025

About this property

Discover the charm and potential of this mid-century modern home located in the heart of Lewisville. This unique property is brimming with character and ready for your personal touch. While this home retains much of its original mid-century allure, it has already seen some essential updates. Enjoy peace of mind with new plumbing, HVAC system, and recent foundation repairs—all the heavy lifting has been done for you! Step inside to find 2 large living rooms, 3 generous size bedrooms and nice open kitchen! Outside, the backyard invites endless possibilities for landscaping, gardening, or creating an outdoor oasis. This home offers the best of both worlds: a serene residential atmosphere with easy access to dining, shopping, and entertainment. Major highways are just a short drive away, ensuring effortless commutes. With its solid structure and essential updates already in place, this mid-century modern home is a blank canvas ready for your finishing touches.

Investor Tools

Property Icon
$308,000
Estimated Property Value
$227,648Estimated Mortgage Balance
$80,352Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$458/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,961
$256,330
2025
$70,200
$186,130
$256,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,961
$256,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$235,000
No
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,648
$80,352
26%
74%
$1,409/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,409/mo
+$741/mo
8.4%

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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1515 Carnation Dr | Property Details | No Agent List