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$650,000

302 Drew Lane, Heath, TX, 75032

$845,000 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,851 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.79 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesConvection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size42,994 sqft

Building Information

Year Built2004
Stories1
Garage Spaces5

Land Information

APN4288-000B-0004-00-0R
Lot Number4
SubdivisionLakeview Meadows
Land UseResidential
Legal DescriptionLAKEVIEW MEADOWS, BLOCK B, LOT 4
Census Tract040511
Assessed Land Value$250,000
Assessed Improvement Value$686,549
Assessment Year2025

About this property

This gorgeous estate in Heath is located just across the street from Lake Ray Hubbard and has spectacular views from the master suite. This home has been nicely updated and shows like a dream. Large homesite at just under an acre that greens up in the Spring offering lush privacy. Their are two 3 car garages with many possibilities.

Investor Tools

Property Icon
$936,549
Estimated Property Value
$0Estimated Mortgage Balance
$322,730Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$845,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,619 /month
Positive
Cash Flow Estimate:
$1,873 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,412/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,258
$936,549
2025
$250,000
$686,549
$936,549
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,258
$936,549

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$548,000
No
First
Apr 2, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$613,819
$322,730
34%
66%
$4,006/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$4,006/mo
$-996/mo
3.9%

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.

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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: Heath

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302 Drew Lane | Property Details | No Agent List