3525 STATLER DR

MESQUITE, Texas, 75150

Redeemable DeedpendingSells Oct 6, 2026 · 3 days ago

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SqFt: 0
Lot Size: 7,769
APN: 38032500100340000

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (In State)
Length of Ownership: 21 Years 9 Months
Purchase Method: Cash Purchase
County: Dallas

Value

Estimated Value: $354,000
County Market Value: $50,000; 2025
Assessed Value: $50,000; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2001

Last Sale

Public Record: $2,500; 12/06/2004
MLS: $77,000; 04/12/2024
Document Type: Quit Claim Deed

Opportunity

Opening Bid: $95,912
Bid / Value: 27%; of $354,000
Property Tax 2025: $1,173; annual bill · not the amount owed
Equity (est.): $354,000; 100%

Opening bid

$95,912

Assessed value

$50,000

Land $50,000Improvement $0

Market / AVM

$354,000

Property tax 2025

$1,173

Annual bill — the sale list gives no amount owed

Case number TX-23-00265

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Ramiro Martinez
Owner 2 Name: Reynaldo Reyes
Mailing Address: 202 W Davis St, Mesquite, TX 75149
Owner Type: Individual
Corporate Owned: No

Land/Location Information

APN: 38032500100340000

Site & surroundings

Physical conditions that affect value and rarely appear on a listing.

Date	Status	Price	Days on Market	Agent	Office
04/04/2024	Closed	$77,000	1	Gary Nordling	Palais Realtors, LLC

Sale Date	Recorded	Amount	Document	Arm's Length	Method	Buyer	Seller
12/06/2004	12/07/2004	$2,500	Quit Claim Deed	No	Cash Purchase	Ramiro Martinez, Reynaldo Reyes	Opal Dubose

Oncor240 ft from parcel centre

Where a line crosses a parcel there is usually a recorded easement restricting what can be built under it — check the deed, not the map.

Context

8% of homes vacant year-round in Census Tract 179

130 of 1,607 units vacant year-round, around or below the national tract average.

Median household income $57,865

Tract median household income. Sets what a local buyer can finance.

Elevation 530 ft

Ground elevation at the parcel. Compare with the FEMA base flood elevation where one is published.

FEMA flood zone X

Outside the 1% annual chance floodplain.

Tract median home value $189,500

Self-reported median across the whole tract — context for whether a number is plausible, not a comparable and never a bid input.

Zack Motley Elementary School371 ft from parcel centre

Catchment is set by district boundary, not by distance.

Motley Park896 ft from parcel centre

Public green space.

Joe Lawrence Elementary School0.2 mi from parcel centre

Catchment is set by district boundary, not by distance.

Road access — Statler Drive92 ft from parcel centre

A mapped public road runs along or beside the parcel.

Motley Food Mart0.4 mi from parcel centre

Everyday shopping — worth checking on rural parcels, where it can be twenty miles.

7-Eleven (2 nearby)0.6 mi from parcel centre

Everyday shopping — worth checking on rural parcels, where it can be twenty miles.

1st Stop0.7 mi from parcel centre

Everyday shopping — worth checking on rural parcels, where it can be twenty miles.

E S McKenzie Elementary School0.7 mi from parcel centre

Catchment is set by district boundary, not by distance.

70% owner-occupied

Owner-occupied majority, which usually means a retail resale is possible.

© OpenStreetMap contributors (ODbL). Flood zones from FEMA, elevation from USGS, tract statistics from the US Census. Proximity is measured from the parcel’s recorded location, which for most parcels is an assessor centroid rather than a boundary — treat these as figures to verify on a site visit, not as survey distances.

Deal analysis

Your maximum bid

$211,963

Walk away above this. Projected profit at the ceiling: $106,200 (30% of ARV).

Opening bid $95,912

Room to bid $116,051

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$133,854

Under max by $78,109

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $354,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $354,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$28,320
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$531/month.: −$3,717
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$106,200
Maximum bid: $211,963

If the owner redeems

Flat penalty

25%

You'd receive

$52,991

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.

3525 STATLER DR

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

3525 STATLER DR

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Listing

MLS History

Area

Fair Market Rents

Tax Assessment Information

Sale History

Site & surroundings

Context

County records

Dallas County rules

Historical comps

Verify before you bid