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A+
NoAgentList RatingHow are grades calculated? Info

$244,748

848 Salem Trl, Lewisville, TX, 75067

$303,214 ARVInfo
PendingInfo
Beds4 Beds
Baths3 Bath
Baths1,748 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.42 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet

Exterior

Lot Size7,518 sqft

Building Information

Year Built1973
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR02968
Lot Number11
SubdivisionSerendipity Village 2
Land UseResidential
Legal DescriptionSERENDIPITY VILLAGE 2 BLK N LOT 11
Census Tract021745
Assessed Land Value$63,912
Assessed Improvement Value$180,836
Assessment Year2025

About this property

Looking for a home priced below market value with room to build equity? Whether you are a savvy homeowner ready to create your dream space or an investor looking for your next project, 848 Salem Trail in Lewisville could be the opportunity you have been waiting for. This home offers solid potential and great bones for someone willing to roll up their sleeves and make it their own. Perfect for a buyer who sees past cosmetic updates and recognizes the value of buying under market and customizing to fit their style and budget.

Investor Tools

Property Icon
$244,748
Estimated Property Value
$103,920Estimated Mortgage Balance
$181,434Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$303,213
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,468 /month
Positive
Cash Flow Estimate:
$489 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$172/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$834
$244,748
2025
$63,912
$180,836
$244,748
No

Tax History

Year
Tax Paid
Assessed Value
2025
$834
$244,748

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New Century Mortgage Corp
Purchase Money Mortgage
$25,980
No
First
Nov 7, 2006
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,314
$181,434
74%
26%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$780/mo
+$1,370/mo
10.5%

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: Lewisville

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848 Salem Trl | Property Details | No Agent List