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$738,000

NAL Estimated Property Value

1039 Summerplace Ln, Southlake, TX, 76092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,067 Sq Ft
price_per_sqft$333.77 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size12,824 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN40683-1-7R
Lot Number7R
SubdivisionSummer Place Addition
Land UseResidential
Legal DescriptionSUMMER PLACE ADDITION BLOCK 1 LOT 7R
Census Tract113956
Assessed Land Value$220,800
Assessed Improvement Value$302,791
Assessment Year2025

About this property

Don't miss out on this fantastic opportunity to own a charming ranch style home in the highly sought after Carrol ISD. With three bedrooms, two baths and a bonus room, this home has plenty of space for a growing family or for entertaining guests. The open kitchen and vaulted ceiling family room layout is perfect for modern living, and the smooth ceilings add a touch of elegance. This home has been upgraded with wood floors, decorative lighting, paint, ceiling fans and window coverings giving it a stylish and contemporary feel. Ceiling solar tubes in the kitchen and primary bath bring in plenty of natural light, creating a bright and welcoming atmosphere. Outside, the large backyard is perfect for outdoor entertaining and has plenty of space for a pool. The quiet neighborhood has no HOA fees and is conveniently located close to Town Square, Carroll High School and Methodist Southlake Hospital. Whether you are looking for a charming home or investment property, this home has it all.

Investor Tools

Property Icon
$738,000
Estimated Property Value
$0Estimated Mortgage Balance
$738,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,428 /month
Positive
Cash Flow Estimate:
$1,476 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$784/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,723
$523,591
2025
$220,800
$302,791
$523,591
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,723
$523,591

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$738,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
N/A
+$2,530/mo
4.1%

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: Southlake

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1039 Summerplace Ln | Property Details | No Agent List