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$334,000

1536 S State Highway 121, Lewisville, TX, 75067

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.94 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating GasHeating Gas
AppliancesGas Range
FlooringCarpet, Ceramic Tile, Combination, Laminate

Exterior

Lot Size12,602 sqft

Building Information

Year Built1967
Stories1
Roof Type105

Land Information

APNR18788
SubdivisionWm King
Land UseResidential
Legal DescriptionA0697A WM KING, TR 48, .2893 ACRES
Census Tract021739
Assessed Land Value$126,000
Assessed Improvement Value$73,162
Assessment Year2025

About this property

Location is the thing that makes this property a win. The property can be rezoned to commercial and can be part of a larger parcel of land directly across from it to make it just under an acre for a total of .8006 acres. The home is located in the opportunity zone of Lewisville according to city maps and has a zoning overlay of LI-Light Industrial. This needs to be verified with the city. The 2 bed 1 bath home is currently being used as a rental and can still be used as that if desired. The opportunity is endless with this property all it takes is the right vision. Refer also to MLS#20028834. Seller wants both properties sold together. Total Price $500,000. See also MLS #20301987 for both properties.

Investor Tools

Property Icon
$334,000
Estimated Property Value
$1,373,328Estimated Mortgage Balance
$0Estimated Equity
-311% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,004 /month
Positive
Cash Flow Estimate:
$668 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$439/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,600
$199,162
2025
$126,000
$73,162
$199,162
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,600
$199,162

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homeland Fsb
Unknown
$1,373,328
No
First
Oct 12, 2022
Nov 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,282,007
N/A
0%
384%
$8,234/mo

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.

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: Lewisville

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1536 S State Highway 121 | Property Details | No Agent List