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$264,900

318 Parkwood Pl, Lewisville, TX, 75067

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,034 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$256.19 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringVinyl

Exterior

Lot Size7,497 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR91761
Lot Number31
SubdivisionLakeland Terrace 2
Land UseResidential
Legal DescriptionLAKELAND TERRACE 2 BLK J LOT 31
Census Tract021745
Assessed Land Value$60,000
Assessed Improvement Value$119,804
Assessment Year2025

About this property

Welcome to this beautifully remodeled 3-bedroom, 1.5-bath home in the heart of Lewisville! This move-in-ready property has been thoughtfully updated from top to bottom, offering modern finishes and peace of mind for years to come. Step inside to discover a stunning new kitchen featuring updated cabinetry, countertops, and brand-new stainless steel appliances. Both bathrooms have been tastefully renovated, while new flooring throughout creates a fresh, modern feel. Major upgrades include a new roof, new energy-efficient windows, and numerous cosmetic improvements throughout the home. The attached 1-car garage adds convenience and extra storage space. Whether you're a first-time homebuyer, downsizing, or searching for a turnkey investment property, this home is ready for its next owner with all the heavy lifting already done. Conveniently located near shopping, dining, schools, and major highways, this fully renovated Lewisville gem offers the perfect blend of style, comfort, and convenience. Schedule your showing today!

Investor Tools

Property Icon
$267,000
Estimated Property Value
$178,000Estimated Mortgage Balance
$90,551Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,602 /month
Positive
Cash Flow Estimate:
$534 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$369/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,098
$179,804
2025
$60,000
$119,804
$179,804
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,098
$179,804

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Commercial
$178,000
No
First
Jan 14, 2026
Jan 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,449
$93,551
34%
66%
$1,068/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,068/mo
+$1,082/mo
9.7%

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: Lewisville

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318 Parkwood Pl | Property Details | No Agent List