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B+
NoAgentList RatingHow are grades calculated? Info
Days634Days on Market
Views1view
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$775,000

2866 Shane Dr, Midlothian, TX, 76065

$787,177 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,763 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.95 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size8,712 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces2

Land Information

APN54.9130.008.023.00.108
Lot Number23
SubdivisionThe Lakes Of Somercrest
Land UseResidential
Legal DescriptionLOT 23 BLK 8 THE LAKES OF SOMERCREST 0.2 AC
Census Tract060801
Assessed Land Value$120,000
Assessed Improvement Value$541,705
Assessment Year2025

About this property

The view is what makes this home, located on a cul-de-sac, the most exceptional in the neighborhood. Views of the water will provide a soothing end of your day. Also, lounge on your covered patio for even more enjoyment. This home was completed in 2024, with seller upgrades for a feel of luxury. The kitchen, with views of the water, features an island, granite and natural stone countertops, a walk-in pantry, and commercial grade range and vent hood. The family room features a bar area.The primary bedroom, with water views, flows into a luxurious primary bathroom with a separate tub and shower, and a huge 9 X 18 walk-in closet. The grand staircase leads to 2 bedrooms, 1 bath, a media room, which with the open concept, provides more views of the water. In the front of the home are also a formal living and dining room. More space for family gatherings and entertaining. A large floored attic provides more storage. Come enjoy the view, the spacious surroundings, and the feeling of home.

Investor Tools

Property Icon
$762,000
Estimated Property Value
$480,000Estimated Mortgage Balance
$0Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$787,177
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
$1,198/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,726
$661,705
2025
$120,000
$541,705
$661,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,726
$661,705

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Unknown
$480,000
No
First
Mar 28, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$922,498
N/A
0%
121%
$5,756/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$6,954/mo
$-4,324/mo
4.1%

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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2866 Shane Dr | Property Details | No Agent List