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$246,000

NAL Estimated Property Value

3507 Palm Dr, Mesquite, TX, 75150

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,420 Sq Ft
price_per_sqft$175.35 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,560 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces1

Land Information

APN38202500180430000
Lot Number43
SubdivisionTown East
Land UseResidential
Legal DescriptionTOWN EAST ESTATES BLK R LOT 43 INT202500070308 DD04042025 CO-DC 2025001804300 1CM20250018
Census Tract017806
Assessed Land Value$65,000
Assessed Improvement Value$172,590
Assessment Year2025

About this property

Welcome to 3507 Palm Dr, Mesquite, TX 75150—a beautifully updated 3-bedroom, 2.5-bath gem in the heart of Town East Estates! This 1,420 sq ft single-family home, built in 1961, blends classic charm with modern upgrades, ready to impress. Step inside to a bright, open-concept living area with sleek hardwood floors, fresh neutral tones, and abundant natural light pouring through large windows. The renovated kitchen boasts crisp white cabinetry, stainless steel appliances, and a cozy breakfast nook overlooking the lush backyard—perfect for morning coffee or family dinners. The spacious primary suite offers a serene retreat with a private en-suite bath, while two additional bedrooms provide flexibility for a growing family, home office, or guests. A bonus half-bath adds convenience for visitors. Ceiling fans in every room keep the space cool and comfortable year-round. Outside, the expansive 7,562 sq ft lot features a sprawling, fenced backyard—ideal for barbecues, playtime, or gardening—plus a one-car attached garage (288 sq ft) for extra storage. Located in the highly-rated Mesquite ISD, this home feeds into Range Elementary, McDonald Middle, and North Mesquite High. With no HOA, you’ll enjoy the freedom to make this space truly yours. Just minutes from Town East Mall, dining, and major highways, this move-in-ready home offers the best of suburban living with urban convenience. Don’t miss your chance—schedule a showing today and see why 3507 Palm Dr is the perfect place to call home!

Investor Tools

Property Icon
$246,000
Estimated Property Value
$0Estimated Mortgage Balance
$246,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$599/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,959
$237,590
2025
$65,000
$172,590
$237,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,959
$237,590

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$246,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
9.6%

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: Mesquite

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