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Days160Days on Market
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$97,500

405 Garrett Way, Midlothian, TX, 76065

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size4,304 sqft

Land Information

APN54.6414.002.025.00.108
Lot Number25
SubdivisionMidtowne Ph 9
Land UseResidential
Legal DescriptionLOT 25 BLK 2 MIDTOWNE PH 9 0.0988 AC
Census Tract060801
Assessed Land Value$80,000
Assessment Year2025

About this property

Build in the highly sought-after MidTowne Subdivision. This prime lot at 405 Garrett Way offers the perfect setting to design and build a custom home with Corp Custom Homes. MidTowne is one of Midlothian’s most popular communities, known for its charming streetscapes, sidewalks, green spaces, and strong sense of neighborhood connection. Residents enjoy close proximity to parks, shopping, dining, schools, and easy access to major highways, making daily life both convenient and enjoyable. Whether you are building now or planning for the future, this lot provides an exceptional opportunity to create a home in a community that is truly loved. PID rate .12

Investor Tools

$0Estimated Mortgage Balance
$481,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,886 /month
Positive
Cash Flow Estimate:
$962 /month

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Natalie Whitaker

RE/MAX FRONTIER

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,496
$80,000
2025
$80,000
N/A
$80,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,496
$80,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$466,000
100%
0%
$0/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.

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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: Midlothian

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405 Garrett Way | Property Details | No Agent List