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$302,460

NAL Estimated Property Value

1516 Lakeside Dr, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,824 Sq Ft
price_per_sqft$163.93 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Gas Oven

Exterior

Lot Size10,050 sqft

Building Information

Year Built1947
Stories1
Roof Type105

Land Information

APN26307500040050000
Lot Number5
SubdivisionLakewood
Land UseResidential
Legal DescriptionLAKEWOOD 1 BLK D LOT 5 INT202400070112 DD04052024 CO-DC 3075000400500 1CG30750004
Census Tract018900
Assessed Land Value$110,000
Assessed Improvement Value$192,460
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. BEST AND FINAL DUE 3-18 at NOON. Move-in ready vintage charmer has been recently renovated and updated. Primary bedroom has en suite bath with soaker tub and walk-in shower. Spacious living room is wired for surround sound. Large screened-in back porch has a fireplace and TV connection. Kitchen updated with two smart ovens, one gas and one electric, and a smart microwave. Ample storage in custom cabinets in kitchen and dinning room banquette. Custom counter top pantry. Custom island. Off street parking for 6 cars. Security gate for driveway. Updates include: (2019) rewired house; (2020) new insulation, new roof, new hardie board siding, renovated kitchen and master bath, addition of laundry room, addition of front and back porches; (2022) new HVAC; (2023) security gate in driveway. Garland ISD offers choice of schools. Home is located 3 minutes from downtown Garland, 10 minutes to Firewheel Mall, and 30 minutes from Downtown Dallas.

Investor Tools

Property Icon
$302,460
Estimated Property Value
$0Estimated Mortgage Balance
$302,460Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,815 /month
Positive
Cash Flow Estimate:
$605 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$416/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,486
$302,460
2025
$110,000
$192,460
$302,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,486
$302,460

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$302,460
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
7.8%

City: Garland

1516 Lakeside Dr | Property Details | No Agent List