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$271,000

NAL Estimated Property Value

316 S Locust St, Mesquite, TX, 75149

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,446 Sq Ft
price_per_sqft$200.48 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Gas Range, Dishwasher, Disposal, Gas Range, Microwave, Plumbed For Gas
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Rain Gutters, Storage
Lot Size9,444 sqft

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces2

Land Information

APN38000500510030300
Lot Number3-4
SubdivisionOrig Town Mesquite
Land UseResidential
Legal DescriptionL C EBRITES 3RD BLK 51 PT LOTS 3 & 4 ACS 0.2168 INT202500087479 DD04282025 CO-DC 0005005100303 1CM00050051
Census Tract017500
Assessed Land Value$78,750
Assessed Improvement Value$131,890
Assessment Year2025

About this property

This charming single-family home located at 316 Locust in Mesquite, TX, was built in 1989 and offers three bedrooms, an office, and two full bathrooms, totaling 1,446 sq.ft. of finished living space. Situated on a spacious lot measuring 7,022 sq.ft., this well-maintained property is perfect for a growing family or anyone looking for a cozy place to call home. With its convenient location and ample space, this property is a must-see for anyone in the market for a new home. What you will absolutely love about this house is the cozy feel and large breakfast nook in the kitchen. Plenty of room to put in your custom island. You will love that City Lake Park is within walking distance. Downtown Mesquite has quaint shops and places to eat. Close to highways and schools. Hanby Park, Hillcrest Park, Evans Park, and Westlake Park are all nearby. Fishing and outdoor activities are all around this home. You will love the large back and front yard. A MUST SEE!

Investor Tools

Property Icon
$271,000
Estimated Property Value
$279,209Estimated Mortgage Balance
$271,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$191/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$934
$210,640
2025
$78,750
$131,890
$210,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$934
$210,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Fha
$284,648
Yes
First
Apr 28, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,209
N/A
0%
103%
$1,707/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,707/mo
$-142/mo
6.9%

City: Mesquite

316 S Locust St | Property Details | No Agent List