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$685,000

2837 Midlake Dr, Midlothian, TX, 76065

$774,940 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,714 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.44 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Microwave, Double Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size9,148 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces2

Land Information

APN54.9130.009.013.00.108
Lot Number13
SubdivisionThe Lakes Of Somercrest
Land UseResidential
Legal DescriptionLOT 13 BLK 9 THE LAKES OF SOMERCREST 0.21 AC
Census Tract060801
Assessed Land Value$120,000
Assessed Improvement Value$562,387
Assessment Year2025

About this property

Welcome to 2837 Midlake Drive, an impressive Perry-built home offering 3,714 square feet of thoughtfully designed living space in the gated Lakes of Somercrest. Built in 2023, this spacious single-story home features 4 bedrooms, 3.5 baths, a private home office, versatile second office or sitting room, game room, and a 3-car garage. Soaring ceilings and abundant natural light create an open, inviting atmosphere, while the expansive family room with fireplace serves as the heart of the home. The kitchen is designed for entertaining with a large island, generous cabinetry, walk-in pantry, and butler's pantry connecting to the dining areas. The secluded primary suite offers dual walk-in closets and a spacious ensuite bath, while secondary bedrooms provide flexibility for family and guests. Step outside to the covered patio and enjoy a low-maintenance backyard ready for your personal touch. Located within Midlothian ISD, residents of Lakes of Somercrest enjoy a gated setting with community lake, park, walking and biking trails, and convenient access to Midlothian's shopping, dining, schools, and major thoroughfares.

Investor Tools

$652,533Estimated Mortgage Balance
$68,691Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$774,939
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,314 /month
Positive
Cash Flow Estimate:
$1,438 /month

Interested in this property?

Eric Janszen

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,130/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$682,387
2025
$120,000
$562,387
$682,387
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$682,387

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Parkstone Mortgage Llc
Va
$688,166
Yes
First
Jul 21, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$652,533
$70,467
9%
91%
$4,126/mo

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: Midlothian

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2837 Midlake Dr | Property Details | No Agent List