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$900,000

2242 Mountain Lakes Dr, Cedar Hill, TX, 75104

$1,170,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths5 Bath
Baths6,256 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.86 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Water Heater, Tankless Water Heater, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting, Rain Gutters
Lot Size1.02 acres

Building Information

Year Built2005
Roof Type105
Garage Spaces3

Land Information

APN16027960001131000
Lot Number1131
SubdivisionLake Ridge Sec
Land UseResidential
Legal DescriptionLAKE RIDGE SEC 15 PH 1 LT 1131 ACS 1.02 INT202600040614 DD02202026 CO-DC 0279600011310 4CH02796000
Census Tract016524
Assessed Land Value$163,200
Assessed Improvement Value$771,740
Assessment Year2026

About this property

Seller offering up to 2% in seller credits to use towards rate buy down or closing costs with preferred lender. This large luxury home showcases an impressive open layout filled with architectural detail and abundant natural light. A grand staircase entry sets the tone, opening into a spacious living room anchored by a striking floor-to-ceiling tile fireplace, creating a true statement centerpiece. The chef’s kitchen offers a generous island and excellent workspace, with the stove and hood currently being assessed for updates. The primary suite is expansive and features a spa-like bathroom, providing a relaxing retreat with room to unwind. Outdoor living is a highlight, with a dedicated dining and lounge area overlooking your private pool, perfect for entertaining or enjoying quiet evenings at home. While the property needs a bit of TLC, its scale, layout, and luxury features offer exceptional potential for personalization and long-term value.

Investor Tools

$312,477Estimated Mortgage Balance
$938,523Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,170,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,506 /month
Positive
Cash Flow Estimate:
$2,502 /month

Interested in this property?

Jacob Bremer

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,965/month
$315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,325
$934,940
2026
$163,200
$771,740
$934,940
No

Tax History

Year
Tax Paid
Assessed Value
2025
$17,325
$934,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Summit Bank Na
Unknown
$53,910
No
First
Sep 2, 2004
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$312,477
$938,523
75%
25%
$4,368/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,070/mo
$4,683/mo
$-1,613/mo
2.9%

City: Cedar Hill

2242 Mountain Lakes Dr | Property Details | No Agent List