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$969,000

1216 Lorraine Court, Southlake, TX, 76092

$1,100,000 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.72 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size26,576 sqft

Building Information

Year Built2000
Stories2
Garage Spaces3

Land Information

APN44582D-2-29
Lot Number29
SubdivisionVersailles Addition
Land UseResidential
Legal DescriptionVERSAILLES ADDITION BLOCK 2 LOT 29
Census Tract113957
Assessed Land Value$408,030
Assessed Improvement Value$1,126,631
Assessment Year2025

About this property

Custom built, one owner home on cul-de-sac in Versailles. Close to SL Town Square, the home boasts a Y-shaped design so all main rooms enjoy gorgeous pool views. Enter to 2 story foyer & welcoming Family room with impressive fireplace surround. The Kitchen features a walnut island & multiple seating areas for entertaining. Downstairs Media-entertaining room for friends & family to enjoy. The private Master suite has a spacious, updated bath. Study & Guest suite are also down. Two bedrooms, large Game room & Bonus area for hobbies-storage are up. Dreamy outside oasis with saltwater play pool, attached spa & water features. Large covered patio w a built-in grill, surround sound & lots of room for lounging.

Investor Tools

Property Icon
$1,824,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,470,662Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,099,999
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,944 /month
Positive
Cash Flow Estimate:
$3,648 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,256/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,949
$1,534,661
2025
$408,030
$1,126,631
$1,534,661
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,949
$1,534,661

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$401,000
No
First
Apr 7, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$353,338
$1,470,662
80%
19%
$2,405/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$3,105/mo
+$25/mo
2.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1216 Lorraine Court | Property Details | No Agent List