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$246,370

NAL Estimated Property Value

311 Running Brook Lane, Mesquite, TX, 75149

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,434 Sq Ft
price_per_sqft$130.75 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces1

Land Information

APN38198500020080000
SubdivisionSpring Creek
Land UseResidential
Legal DescriptionSPRING CREEK BLK 2 LT 8 INT202100014592 DD01152021 CO-DC 1985000200800 1CM19850002
Census Tract017400
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED! Submission Deadline DEC 12th at 5:00 PM. Charming Mesquite starter home with nice curb appeal on large interior lot is priced to sell! Generous sized living room has sloped high ceiling and brick wood burning fireplace. Private master bedroom has recent flooring and paint. Recent updates include privacy fence, attic insulation, carport, storage shed (2019), range, vent hood. Colorful hall bath has deep jetted tub. Good sized backyard has covered patio, storage shed, covered carport for ample overflow parking. There's much potential and possibility in this three bedroom home with eat-in kitchen! Home is located in established Spring Creek, close to Town East Mall, LBJ Fwy. and Hwy. 80!

Investor Tools

Property Icon
$246,370
Estimated Property Value
$166,244Estimated Mortgage Balance
$80,126Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,478 /month
Positive
Cash Flow Estimate:
$493 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,716
$246,370
2025
N/A
N/A
$246,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,716
$246,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$185,250
No
First
Jan 15, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,244
$80,126
32%
67%
$1,111/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,111/mo
+$861/mo
9.6%

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: Mesquite

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311 Running Brook Lane | Property Details | No Agent List