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$2,452,000

1055 Westpark Cir N, Southlake, TX, 76092

Off MarketInfo
Beds3 Beds
Baths6 Bath
Baths4,405 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1986

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5.5Bathrooms Full 5.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size11,979 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR1011248
Lot Number20
SubdivisionI.G. Belcher No. 30 Addition
Land UseResidential Single Family
Legal DescriptionI.G. BELCHER NO. 30 ADDITION LOT 20
Census Tract020305
Assessed Land Value$281,119
Assessed Improvement Value$886,914
Assessment Year2025

About this property

This will be a complete SCRAPE, Seller will not allow any showing of the inside and will be sold As Is. This property is CASH ONLY!! Great opportunity for the family who wants to build the perfect dream home or the investor who can envision the perfect House to be Built on this corner lot in the very sought after Southlake Texas area.

Investor Tools

Property Icon
$2,452,000
Estimated Property Value
$1,200,000Estimated Mortgage Balance
$141,744Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,712 /month
Positive
Cash Flow Estimate:
$4,904 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,987/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,588
$1,168,033
2025
$281,119
$886,914
$1,168,033
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,588
$1,168,033

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank
Building Or Construction Loan
$1,200,000
No
First
Oct 27, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,310,256
$141,744
5%
94%
$15,171/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$15,171/mo
$-12,641/mo
1.2%

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.

Explore Texas Explore This Area
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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1055 Westpark Cir N | Property Details | No Agent List