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$479,990

218 Lamesa Dr, Highland Village, TX, 75077

$510,182 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,635 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.16 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Double Oven
FlooringCarpet, Ceramic Tile, Parquet

Exterior

Exterior FeaturesRain Gutters, Outdoor Kitchen
Lot Size15,751 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR06946
Lot Number5
SubdivisionVillage Estates 2
Land UseResidential
Legal DescriptionVILLAGE ESTATES 2 BLK H LOT 5
Census Tract021514
Assessed Land Value$164,501
Assessed Improvement Value$398,561
Assessment Year2025

About this property

Quiet street, large interior lot, established Highland Village neighborhood- majestic oak shade trees throughout this property. Sprawling, one story home that feels bigger than it is with a very functional floor plan. You will fall in love from the moment you walk in side the home and see the huge windows overlooking this spectacular back yard. Split bedroom arrangement, 4 BR's and 3 full baths, 2 large living areas, huge game room with wood floors, full bar area and built in cabinets. Floor to ceiling windows w beautiful views of the back yard. Lots of windows and natural light. Kitchen has granite counters, natural stone backsplash, SS appliances, double oven, gas cooktop, opens to breakfast area. Extensive outdoor pave stone pathways throughout the property and extra parking on the long driveway back to detached garage. Beautiful, Huge back yard with 10 ft diving pool, waterfall and landscaping. Lots of open patio areas and an outdoor kitchen.

Investor Tools

Property Icon
$552,200
Estimated Property Value
$279,990Estimated Mortgage Balance
$288,524Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$510,182
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,313 /month
Positive
Cash Flow Estimate:
$1,104 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$842/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,348
$552,200
2025
$164,501
$398,561
$563,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,348
$552,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$279,990
No
First
Mar 7, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,676
$288,524
52%
48%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,200/mo
$1,679/mo
+$1,521/mo
7.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Highland Village

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218 Lamesa Dr | Property Details | No Agent List