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$328,900

NAL Estimated Property Value

2618 Meadow Lake Dr, Grand Prairie, TX, 75050

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,708 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.64 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size8,999 sqft

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APN25465-N-1
Lot Number1
SubdivisionMeadow Oaks Addition #4-Gp
Land UseResidential
Legal DescriptionMEADOW OAKS ADDITION #4-GP BLOCK N LOT 1
Census Tract113003
Assessed Land Value$60,000
Assessed Improvement Value$268,900
Assessment Year2025

About this property

BUYER'S FINANCING FELL THROUGH AND BACK ON THE MARKET! Charming, Corner Lot Gem priced $30,000 under tax appraised value! Don’t miss this 3-bedroom, 2-bath brick home on a spacious corner lot! With only one owner, this property offers quality and care throughout. Step inside to a spacious living room with soaring cathedral ceilings, romantic brick fireplace, and wood paneling walls, that are totally back in style, adding the character that newer homes don't always have. The kitchen and bathrooms feature elegant granite countertops, adding a touch of luxury to everyday living. Enjoy your morning coffee or evening breeze on the enclosed back porch—a cozy spot to unwind. Incredible value priced significantly under tax appraised value—this home is a rare opportunity for both first-time buyers and investors alike.

Investor Tools

Property Icon
$328,900
Estimated Property Value
$5,758Estimated Mortgage Balance
$323,142Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,973 /month
Positive
Cash Flow Estimate:
$658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,216
$328,900
2025
$60,000
$268,900
$328,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,216
$328,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
All Western Mortgage Inc
Stand Alone Second / Subordinate Position
$2,900
No
First
Dec 1, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$5,758
$323,142
98%
2%
$36/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$36/mo
+$1,936/mo
7.2%

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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2618 Meadow Lake Dr | Property Details | No Agent List