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Days68Days on Market
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$324,900

502 Lakewood Dr, Longview, TX, 75604

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,615 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.24 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Electric Oven, Electric Water Heater
FlooringHardwood, Tile

Exterior

Lot Size10,790 sqft

Building Information

Year Built1968
Stories1
Roof Type109
Garage Spaces1

Land Information

APN3895000002-002-00-03
Lot Number2
SubdivisionLake Wood Estates
Land UseResidential
Legal DescriptionLT 2 BLK 2 LAKEWOOD EST
Census Tract000700
Assessed Land Value$5,810
Assessed Improvement Value$131,680
Assessment Year2025

About this property

Welcome to one of the few communities in Longview with amenities! Mill Run is a quiet, beautiful neighborhood that centers around a community pond, has a club house and pool, plus community tennis courts! This property is in a prime location as it faces the lake so the views from the front of the house are gorgeous. If the 1990s were your jam, you will love many of the original fixtures throughout the house. New owners could embrace some of the unique character that makes this property not feel cookie cutter. There is lots of storage with cabinets and closets everywhere. All of the bedrooms have large walk-in closets. At the front of the house is a spacious living room with tall ceilings and a fireplace. Windows from this room look out onto the community pond. Also at the front of the house is a formal dining room that could serve as a flex space if needed for a home office, extra playroom, or even home gym. On the back side of the house is a cozy second living room with another fireplace. This room opens to the kitchen and breakfast area making a great gathering space with easy access to the covered back patio. To the left of the house is the primary suite. The bedroom features high ceilings and lots of windows. The en-suite bathroom is spacious with separate vanity areas and separate access to the huge, shared closet. On the right side of the house is where you will find a convenient half bath in the hallway, then two bedrooms that share a jack and jill bathroom. There are separate toilet and vanity rooms with a shared shower room between them. Come check out this peaceful community so you can see that Mill Run is a great place to call home!

Investor Tools

$0Estimated Mortgage Balance
$199,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,949 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Virginia Cammack

Keebaugh & Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$136/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$637
$137,490
2025
$5,810
$131,680
$137,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$637
$137,490

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$199,000
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: Longview

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502 Lakewood Dr | Property Details | No Agent List