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$250,000

2008 Highridge Ln, Midlothian, TX, 76065

$262,955 ARVInfo
Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,464 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.77 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Pre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringVinyl

Exterior

Lot Size2.07 acres

Building Information

Year Built1981
Stories1
Roof Type105

Land Information

APN54.4745.000.013.00.108
Lot Number13
SubdivisionHighridge Acres
Land UseResidential
Legal DescriptionLOT 13 HIGHRIDGE ACRES 2.07 AC
Census Tract060801
Assessed Land Value$180,000
Assessed Improvement Value$131,931
Assessment Year2025

About this property

**CALLING ALL INVESTORS, PROSPECTORS & DIY BUYERS!** BANK-OWNED FORECLOSURE SALE — a rare chance to land 2 acres in one of Midlothian's most sought-after pockets at a price that reflects the work it needs. This 3-bedroom, 2-bath, 1,464 sq ft home sits on 2.07 private, cul-de-sac acres in the Highridge Acres subdivision — no HOA. Enjoy covered porches front and back, a deck, mature shade trees, a detached storage building, and a shed, all set up for hobbyists, animals, or a home business. Central heat and air, composition roof, septic and co-op water are already in place. The location is the real story here: quiet, established Midlothian ISD (Miller Elementary, Dieterich Middle, Midlothian High School), with acreage you won't find at this price point anywhere move-in ready. This one does need a full renovation throughout — flooring, drywall, and kitchen updates are needed — making it an ideal project for an investor, contractor, or cash buyer ready to build equity fast. Sold strictly AS-IS, WHERE-IS; seller will make no repairs. Bring your contractor and your best offer — priced to move.

Investor Tools

$225,457Estimated Mortgage Balance
$87,949Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$262,955
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,979
$311,931
2025
$180,000
$131,931
$311,931
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,979
$311,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Credit Line (Revolving) / Heloc
$234,240
No
First
Apr 23, 2024
May 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$225,457
$86,474
27%
72%
$1,405/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,405/mo
+$615/mo
7.8%

City: Midlothian

2008 Highridge Ln | Property Details | No Agent List