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$275,000

224 W Lanett Dr, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,865 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.45 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size15,400 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20105500020120000
Lot Number12
SubdivisionValley View
Land UseResidential
Legal DescriptionVALLEY VIEW ESTATES BLK 2 LT 12 INT201100259999 DD09232011 CO-DC 1055000201200 4CS10550002
Census Tract016618
Assessed Land Value$65,000
Assessed Improvement Value$133,280
Assessment Year2025

About this property

Welcome to this beautifully refreshed 3-bedroom, 2-bath home offering over 2,000 square feet of flexible living space on an oversized corner lot surrounded by mature trees. Step inside to discover luxury vinyl plank flooring, fresh neutral finishes, updated lighting, and a bright, inviting layout designed for comfortable everyday living. Multiple living and dining areas provide flexibility for entertaining, working from home, or creating the perfect setup for your lifestyle. The updated kitchen showcases painted cabinetry, stylish hardware, subway tile backsplash, abundant storage, and a charming breakfast nook overlooking the backyard. The oversized primary retreat offers plenty of room for a sitting area and serves as a private escape from the secondary bedrooms. Two generously sized guest bedrooms share a well-appointed bath, making the layout ideal for families, guests, or those needing dedicated work-from-home space. Step outside to enjoy a sprawling backyard shaded by mature trees with plenty of room for pets, play, gardening, or future outdoor living additions. The side-entry garage, extended driveway, and expansive lot provide both privacy and functionality rarely found in today's market. Conveniently located near shopping, dining, parks, and major highways, this move-in-ready home offers the perfect combination of space, character, and thoughtful updates.

Investor Tools

Property Icon
$275,000
Estimated Property Value
$178,335Estimated Mortgage Balance
$96,921Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$158/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$516
$198,280
2025
$65,000
$133,280
$198,280
No

Tax History

Year
Tax Paid
Assessed Value
2025
$516
$198,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Capital Bank
Credit Line (Revolving) / Heloc
$178,335
No
First
May 14, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,079
$96,921
35%
65%
$1,070/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,070/mo
+$960/mo
8.9%

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: DeSoto

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