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Days241Days on Market
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$115,000

3223 Koscher Drive, Grand Prairie, TX, 75104

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size22,108 sqft

Land Information

APN281209700R2603000
Lot Number2603
SubdivisionLake Ridge Amended
Land UseResidential
Legal DescriptionLAKE RIDGE 20 AMENDED BLK R LT 2603 INT202200133220 DD05132022 CO-DC 1209700R26030 4CP1209700R
Census Tract016525
Assessed Land Value$110,540
Assessment Year2025

About this property

Imagine building your dream home on a sprawling half-acre lot nestled in the picturesque community of Lake Ridge. This exclusive gated community ensures privacy and security while providing a serene haven surrounded by nature’s beauty. Your custom-built home could harmonize with the natural landscape, offering not just a residence but a retreat into the tranquility of lush surroundings. From your doorstep, explore scenic trails, enjoy the calming presence of the lake, and relish in the peaceful ambiance of a community designed for both luxury and accessibility. Conveniently located near shopping and entertainment.

Investor Tools

$69,259Estimated Mortgage Balance
$44,741Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

Interested in this property?

Rhonda Reddic

RE/MAX Associates of Arlington

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$261/month
$1,225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,567
$110,540
2025
$110,540
N/A
$110,540
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,567
$110,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$75,000
No
First
May 10, 2022
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,259
$44,741
39%
61%
$450/mo

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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3223 Koscher Drive | Property Details | No Agent List