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$247,000

NAL Estimated Property Value

501 Tealridge Lane, DeSoto, TX, 75115

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,614 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.52 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size8,247 sqft

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20079570020010000
Lot Number1
SubdivisionPark Ridge
Land UseResidential
Legal DescriptionPARK RIDGE ESTATES BLK 2 LOT 1 TEALRIDGE LN INT202000293881 DD10232020 CO-DC 0795700200100 4CS07957002
Census Tract016628
Assessed Land Value$60,000
Assessed Improvement Value$175,910
Assessment Year2025

About this property

Great corner lot with undeniable potential to be the gem of the street with vision and a plan. The kitchen has beautiful granite and the property has gorgeous flooring. The only aspect missing is the new owners that can finish the upgrades to turn good into spectacular. This property won't last long in this price range in this outstanding neighborhood!!

Investor Tools

Property Icon
$247,000
Estimated Property Value
$150,130Estimated Mortgage Balance
$96,870Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,251
$235,910
2025
$60,000
$175,910
$235,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,251
$235,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$168,300
No
First
Oct 23, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,130
$96,870
39%
61%
$1,010/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,010/mo
+$1,020/mo
9.9%

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: DeSoto

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501 Tealridge Lane | Property Details | No Agent List