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$301,000

NAL Estimated Property Value

515 Oak Dell Lane, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,556 Sq Ft
Year BuiltBuilt in 1984

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size38,768 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces3

Land Information

APN00.2910.004.040.00.111
Lot Number40
SubdivisionCedar Ridge Pk
Land UseResidential
Legal DescriptionLOT 40 BLK 4 CEDAR RIDGE PK 0.8900 AC
Census Tract060206
Assessed Land Value$125,000
Assessed Improvement Value$87,334
Assessment Year2025

About this property

Your chance to own a lot with immense potential in an established mobile home community. This property offers a great foundation for your build or investment. While the lot currently features an older non functioning mobile home, the value lies in the land itself. The property is enhanced by mature trees that offer shade and natural beauty, and it is enclosed with a partial chain-link fence for security and privacy. Water and electricity are available to the lot, making it an excellent starting point for future development. The property is overgrown, and personal belongings remain stored inside the structure. The mobile home on site is also unsafe and should not be entered. Buyers are encouraged to conduct their due diligence to verify all details related to utilities and property development. Important Notice Please do not attempt to enter the mobile home or step onto the property without prior permission. Safety is a top priority. Buyer to purchase survey. This is your opportunity to secure a valuable piece of land in a vibrant mobile home community, complete with essential utilities and natural charm. Contact us today for more information and to schedule a supervised viewing of the lot.

Investor Tools

Property Icon
$301,000
Estimated Property Value
$0Estimated Mortgage Balance
$301,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,806 /month
Positive
Cash Flow Estimate:
$602 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$136/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$126
$212,334
2025
$125,000
$87,334
$212,334
No

Tax History

Year
Tax Paid
Assessed Value
2024
$126
$212,334

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$301,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
N/A
+$2,080/mo
8.3%

City: Red Oak

515 Oak Dell Lane | Property Details | No Agent List