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$430,070

NAL Estimated Property Value

1602 Mai Ave, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.1 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringTile

Exterior

Lot Size4,948 sqft

Building Information

Year Built2015
Stories1
Roof Type105
Garage Spaces2

Land Information

APN201037600101A0000
Lot Number1A
SubdivisionThorntree Ph Amended
Land UseResidential
Legal DescriptionTHORNTREE PH 2 AMENDED BLK 1 LOT 1A ACS 0.1136 INT202300196868 DD09252023 CO-DC 1037600101A00 4CS10376001
Census Tract016638
Assessed Land Value$62,340
Assessed Improvement Value$367,730
Assessment Year2025

About this property

DON'T MISS YOUR OPPORTUNITY! Warm labor of love-built in 2015. Opulent home located in friendly Thorntree Country Club! This home has a Hollywood glam motif. Professionally decorated and well-appointed with wallpaper accents and many custom added features. The fireplace is extensive with custom stone mantel. Location, Location, Location-5 min.to Shopping, Freeways, DART, 35E, and easy ride to Uptown and Downtown. Experience the wonderful commanding drive-up appeal of brick and stone construction, and the lush landscaping! Perfect size, 3-2-2, almost 2,400 square feet. Gleaming hardwoods throughout. Large cook's kitchen, the heart of the home. Spacious master and pampered bath with glass enclosed shower. As you step into your backyard oasis, you are greeted by a gold course view and property has a greenbelt adjacent. Lovingly maintained, immaculate and move-in ready!

Investor Tools

Property Icon
$430,070
Estimated Property Value
$326,531Estimated Mortgage Balance
$103,539Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$973/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,527
$430,070
2025
$62,340
$367,730
$430,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,527
$430,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Unknown
$343,200
No
First
Sep 25, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,531
$103,539
24%
76%
$2,058/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$2,058/mo
$-28/mo
5.7%

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: DeSoto

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1602 Mai Ave | Property Details | No Agent List