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$850,000

3124 Koscher Drive, Grand Prairie, TX, 75104

$1,105,000 ARVInfo
On MarketInfo
Beds5 Beds
Baths8 Bath
Baths6,423 Sq Ft
price_per_sqft$132.34 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringNone

Exterior

Lot Size1.02 acres

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces4

Land Information

APN281209700O2484R00
Lot Number2484R
SubdivisionLake Ridge Sect
Land UseResidential
Legal DescriptionLAKE RIDGE SECT 20 BLK O LT 2484R INT202400034903 DD02062024 CO-DC 1209700O2484R 4CP1209700O
Census Tract016525
Assessed Land Value$221,160
Assessed Improvement Value$1,583,140
Assessment Year2025

About this property

Welcome to The Sanctuary at Lake Ridge; a small, gated neighborhood of impressive homes. Bring your contractors or investors, this expansive home is incomplete 2019 construction, needing rehab and finish out. An opportunity to add your own design sensibility throughout the home. One acre lot. Four bedrooms, five full bathrooms, two half bathrooms in the main house, plus another bedroom and full bathroom in the attached in-law suite. Two wood burning fireplaces, plus additional electric style fireplace. Abundant natural light throughout. Open concept living and kitchen. Large Primary bedroom suite downstairs, three ensuite secondary bedrooms upstairs. Porte-cochere plus a 4-car garage. Attached in law suite has its own exterior entrance. Cedar Hill ISD. Just minutes from Joe Pool Lake, Tangle Ridge Golf Club, top-tier shopping, dining, and entertainment. Easy access to Downtown Dallas, DFW Airport, and Six Flags Arlington. Property being sold AS-IS. Seller financing is available for qualified buyers.

Investor Tools

$14,934,947Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,105,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,826 /month
Positive
Cash Flow Estimate:
$3,609 /month

Interested in this property?

Kate Asay

Asay Group Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,243/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$41,895
$1,804,300
2025
$221,160
$1,583,140
$1,804,300
No

Tax History

Year
Tax Paid
Assessed Value
2025
$41,895
$1,804,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gulf Capital Bank
Commercial
$15,000,000
No
First
Mar 27, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,934,947
N/A
0%
828%
$89,933/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,070/mo
$91,133/mo
$-88,063/mo
2.0%

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: Grand Prairie

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3124 Koscher Drive | Property Details | No Agent List