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$249,000

1605 Lakeview Drive, Grand Prairie, TX, 75051

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,350 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.67 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size5,305 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces1

Land Information

APN28156500210190000
Lot Number19
SubdivisionMountain Lakeview
Land UseResidential
Legal DescriptionMOUNTAIN LAKEVIEW 3 BLK 21 LOT 19 58.71 X 104.35 INT202200105120 DD04112022 CO-DC 1565002101900 4CP15650021
Census Tract016301
Assessed Land Value$60,000
Assessed Improvement Value$180,000
Assessment Year2025

About this property

Here is your opportunity to own a home that is within WALKING DISTANCE TO THE PARK AND THE LAKE! You wont be dissapointed with this move-in ready home! Three Bedrooms, One Bathroom, One living room, One dining room, a Kitchen and an office. Owners have been done a great job on keeping this home in excellent conditions, fresh paint, wood floors, laminate and title, No carpet. 2 year old roof. 6 months old storage room, big kitchen that opens up to the dining room and the living room. The covered porch in the back yard is perfect for friends and family gatherings. Excellent location, close to major freeways and shopping centers. Per the sellers, deadline has change to today Friday 3-11-22 at 6pm. MULTIPLE OFFERS RECEIVED, Deadline for offers is Sunday 3-13-22 at 8am.

Investor Tools

Property Icon
$249,000
Estimated Property Value
$0Estimated Mortgage Balance
$64,310Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$554/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,402
$240,000
2025
$60,000
$180,000
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,402
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Purchase Money Mortgage
$200,000
No
First
Apr 11, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,690
$64,310
25%
74%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,200/mo
+$772/mo
9.5%

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: Grand Prairie

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1605 Lakeview Drive | Property Details | No Agent List