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Owner Contacts

$720,000

NAL Estimated Property Value

1027 Reese Ln, Azle, TX, 76020

Off Market

3 Beds

3 Bath

2,896 Sq Ft

Single Family Residence

$234.46 / sqft

Built in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2.5

Garage Available

AppliancesDishwasher, Electric Cooktop, Double Oven, Plumbed For Ice Maker

FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesCourtyard, Fire Pit, Rain Gutters, Lighting

Lot Size5.91 acres

Building Information

Year Built1992

Stories1

Garage Spaces2

Land Information

APN21662-013-000-00

SubdivisionReese Sub #1

Land UseResidential

Legal DescriptionACRES: 5.910 TR: TRACT 5 BLK: REESE SUB #1 SURV: JACOB WILCOX

Census Tract140414

Assessed Land Value$322,730

Assessed Improvement Value$360,810

Assessment Year2025

About this property

STATELY EXTERIOR, STUNNING INTERIOR! This extremely well kept home is located on 5.91 acres.The well appointed home has multiple well thought out upgrades. The updated chef's island kitchen is a delight - granite, coffee bar, double oven, walk in pantry, gorgeous cabinetry!The large living room has beautiful built in shelves & cabinets with a wood burning fireplace.The master suite features an attached sitting area (11'x11'), built in bookshelves and the most relaxing spa bathroom. The master bath has dual vanities, large onyx shower, large soaking tub, huge walk in closet with built ins-all freshly remodeled! The warm colors are inviting!There are 2 large upstairs bedrooms with a second living area (which could be a 4th bedroom).The soaring ceilings, crown molding & extras will sure to please! The yard is parklike with beautiful mature trees & lovely landscaping.The backyard is an entertaining dream - from the patios to the fire pit area! Room to build another home! MOTIVATED SELLER!

Investor Tools

$720,000

Estimated Property Value

$167,614Estimated Mortgage Balance

$552,386Estimated Equity

76% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,320 /month

Positive

Cash Flow Estimate:

$1,440 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,132/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$683,540

2025

$322,730

$360,810

$683,540

Tax History

Year

Tax Paid

Assessed Value

2025

N/A

$683,540

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pennymac Loan Services Llc

Conventional

$175,001

First

Jan 31, 2024

Mar 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$167,614

$552,386

76%

23%

$1,050/mo

Learn About the Market: Opportunity in Texas

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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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