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$350,000

553 Renee Ln, DeSoto, TX, 75115

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.58 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave

Building Information

Garage Spaces2

About this property

JUST LISTED! 553 Renee Lane in DeSoto, this well-maintained two-story home is located in a nice established neighborhood with mature trees, attractive curb appeal, and a comfortable residential feel. Built in 2000, the home welcomes you with a formal entryway featuring crown molding and art nooks, creating a polished first impression from the moment you step inside. The downstairs layout offers excellent functionality with a formal dining room, private office, spacious living room, breakfast nook, primary bedroom, and primary bath all on the main level. The living area features a gas fireplace, and the kitchen includes a gas stove, along with gas service for the water heater and furnace. The primary bathroom was updated in 2022 with a walk-in tub, separate shower, and new toilet, adding comfort and convenience to the private owner’s suite. A standout feature of the home is the Pilot Avatar stair lift by Meritus, offering added accessibility to the upstairs level. Upstairs, you will find three secondary bedrooms plus a bonus family room, creating a flexible space for a game room, media area, second living area, hobby space, or kids’ retreat. The downstairs air conditioner was replaced in 2025, and the garage gear and sprocket were replaced in 2024. Additional features include a rear-entry garage, established landscaping, mature trees, and a layout that works well for a variety of needs.

Investor Tools

Property Icon
$389,630
Estimated Property Value
$128,947Estimated Mortgage Balance
$359,253Estimated Equity
67% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,338 /month
Positive
Cash Flow Estimate:
$779 /month

Interested in this property?

Paul Fritz

Fritz Realty Group LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

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: DeSoto

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