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$271,730

NAL Estimated Property Value

1527 Develon Drive, Mesquite, TX, 75149

$278,714 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,749 Sq Ft
price_per_sqft$125.79 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Vented Exhaust Fan
FlooringCeramic Tile, Laminate

Exterior

Lot Size7,236 sqft

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APN38198280030070000
Lot Number7
SubdivisionSpring Ridge
Land UseResidential
Legal DescriptionSPRING RIDGE 1 BLK 3 LOT 7 INT202100166290 DD05282021 CO-DC 1982800300700 1CM19828003
Census Tract017606
Assessed Land Value$45,000
Assessed Improvement Value$226,730
Assessment Year2025

About this property

Back on the market due to financial fail. Good convenient location close to 635. Nice neighborhood. Recent renovated house. Open floor plan and high ceiling interior. 4 bedrooms and 2 full baths. Granite kitchen counter top. Kitchen opens to high ceiling family room with fire place. Don't miss it! Please check the attached offer instruction to wright offer. Multiple offers already. Deadline for highest and best offer will be Monday noon.

Investor Tools

Property Icon
$271,730
Estimated Property Value
$195,367Estimated Mortgage Balance
$76,363Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$278,714
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,630 /month
Positive
Cash Flow Estimate:
$543 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$639/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,304
$271,730
2025
$45,000
$226,730
$271,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,304
$271,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$216,000
No
First
May 28, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,367
$76,363
28%
72%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,296/mo
+$1,276/mo
11.4%

City: Mesquite

1527 Develon Drive | Property Details | No Agent List