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Days16Days on Market
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$165,000

808 Terrace Drive, DeSoto, TX, 75115

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1 acre

Land Information

APN201025500A0020000
Lot Number2
SubdivisionTerrace Drive
Land UseResidential
Legal DescriptionTERRACE DRIVE BLK A LT 2 ACS 1.000 INT202500112784 DD05062025 CO-DC 1025500A00200 4CS1025500A
Census Tract016628
Assessed Land Value$110,000
Assessment Year2025

About this property

Build your dream home or investment property on this rare 1-acre lot zoned 2-F Two-Family Residential, allowing for either a custom single-family residence or a duplex. With generous dimensions of 115 x 406 (1.01 acres), this deep, mostly level lot offers endless design possibilities for a spacious one-story layout or multi-unit development. Public utilities—including electricity, gas, water, and sewer—are available at the front of the property for convenient connection. Enjoy direct public street access via Terrace Dr. The lot has no easements or special assessments, giving you full use of the space and maximum flexibility. A prime opportunity for builders, developers, or those looking to create their ideal home—don’t miss out!

Investor Tools

Property Icon
$339,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,034 /month
Positive
Cash Flow Estimate:
$678 /month

Interested in this property?

Ashley Holliman

Brownstone Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,689
$110,000
2025
$110,000
N/A
$110,000
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,689
$110,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loan Ranger Capital Reit Llc
Unknown
$482,000
No
First
Nov 13, 2025
Dec 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$476,379
N/A
0%
141%
$2,890/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.

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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808 Terrace Drive | Property Details | No Agent List