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$262,000

NAL Estimated Property Value

331 Edwards, Lewisville, TX, 75057

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,040 Sq Ft
price_per_sqft$259.62 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
FlooringCarpet, Hardwood, Laminate

Exterior

Lot Size10,049 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR03537
Lot Number9
SubdivisionDegan
Land UseResidential
Legal DescriptionDEGAN BLK A LOT 9
Census Tract021618
Assessed Land Value$90,450
Assessed Improvement Value$158,151
Assessment Year2025

About this property

Discover this enchanting cottage in the heart of Old Town Lewisville, beautifully updated and ready for you to call home. Freshly painted inside and out, this gem features refined paint accents and gleaming hardwood floors throughout, with durable laminate in the kitchen and laungry room, and cozy carpeting in the master bedroom. The kitchen is a cook’s delight with new appliances including a stove, microwave, and refrigerator, complemented by a modern, energy-efficient tankless water heater. Stay comfortable year-round with the newly installed HVAC system. The electrical system has new panel and is rewired Situated on an exceptionally large lot, this property offers unique potential for future development—perfect for investors looking to replat for two townhomes or a duplex facing Hatcher. Enjoy the convenience of being just a stroll away from vibrant downtown Lewisville and less than half a mile from W Main Street. A rare find that combines charm, comfort, and investment potential.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$255,994Estimated Mortgage Balance
$6,006Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$359/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,998
$248,601
2025
$90,450
$158,151
$248,601
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,998
$248,601

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$265,109
Yes
First
Jun 24, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,994
$6,006
2%
98%
$1,590/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
$1,590/mo
+$480/mo
9.5%

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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