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$550,000

5251 Redwood Ln, Midlothian, TX, 76065

$699,434 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,786 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.27 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Outdoor Kitchen
Lot Size24,838 sqft

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces4

Land Information

APN54.8666.012.008.00.108
Lot Number8
SubdivisionTwin Creeks #4
Land UseResidential
Legal DescriptionLOT 8 BLK 12 TWIN CREEKS #4
Census Tract060211
Assessed Land Value$143,000
Assessed Improvement Value$519,011
Assessment Year2025

About this property

*Home is now WELL below market value. Seller is motivated and we want a contract from a serious buyer. Multiple offers as of 4.25 Please submit asap if interested* Brand new Class 3 shingle roof and gutters as of Feb. 27th! No insurance concerns with this new roof! Freshly painted walls, cabinets, and baseboards along with new LVP flooring flow throughout the first floor of this sprawling gorgeous home! Zoned for Heritage High School, this home sits in a perfect, well-maintained neighborhood with NO HOA! Upstairs you'll find a large media room that can be used as a 4th bedroom and half bath up could easily become a full, and completely transform the space if that's what you need! If not, enjoy this massive flex space with the most plush carpet and abundance of storage! Check out the floor plan to imagine all your options! Seller has also had spray foam added to duct-work to increase energy efficiency for HVAC system along with radiant barrier in the attic. Downstairs, the backyard is ready and waiting for you! Whether you're looking for your own peaceful retreat or the perfect location to entertain, this is it! With a large yard, pool and covered outdoor kitchen, you are all set! Don't forget the large storage building with roll top door for all your storage or shop needs. The spacious and extended (perfect for those big trucks!) 3 car garage combined with oversized driveway and the fact that it is a corner lot gives you all the space you need. The memories await, so come see this amazing property soon! Seller has chosen to do a significant price improvement to allow us to compete with new construction. You won't find this backyard oasis with that new build though so don't miss this opportunity!

Investor Tools

Property Icon
$662,011
Estimated Property Value
$560,500Estimated Mortgage Balance
$110,543Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$699,434
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,972 /month
Positive
Cash Flow Estimate:
$1,324 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,077/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,615
$662,011
2025
$143,000
$519,011
$662,011
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,615
$662,011

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Personal Re Services Inc
Conventional
$560,500
No
First
Jun 5, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$551,468
$110,543
16%
83%
$3,361/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$3,461/mo
$-831/mo
4.8%

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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5251 Redwood Ln | Property Details | No Agent List