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$575,000

1217 Indian Grass Lane, Northlake, TX, 76226

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,478 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.32 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Lot Size7,200 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR660946
Lot Number40
SubdivisionCanyon Falls Village W1
Land UseResidential
Legal DescriptionCANYON FALLS VILLAGE W1 BLK P LOT 40
Census Tract020317
Assessed Land Value$97,920
Assessed Improvement Value$482,080
Assessment Year2025

About this property

This stunning 2-story Berkeley floor plan offers 3,478 sq ft of beautifully designed living space in the highly desirable Canyon Falls community. From the moment you step inside, you’re welcomed by a dramatic semi-circular foyer that sets the tone for the home’s elegance and thoughtful layout. The formal dining room is enhanced by a convenient butler’s pantry, perfect for hosting and entertaining, while the spacious, chef-inspired kitchen features an open design that seamlessly connects to the soaring 2-story family room with a cozy fireplace as its centerpiece. The home boasts 4 spacious bedrooms and 3.5 baths, offering both comfort and privacy for every member of the household. A private office provides the ideal work-from-home retreat, while the upstairs media room with projector capabilities makes movie nights and game days unforgettable. Multiple custom cosmetic upgrades throughout add a layer of style and sophistication, making this home truly move-in ready. Living in Canyon Falls means more than just owning a beautiful home—it’s a lifestyle. Residents enjoy front yard maintenance and high-speed internet included, along with access to unmatched community amenities. Take advantage of the resort-style clubhouse with infinity-edge pool, fitness center, sports fields, outdoor amphitheater, dog parks, and miles of scenic hiking and biking trails. Community events and gatherings make it easy to connect with neighbors and enjoy a vibrant, active atmosphere. Known for its superior energy-efficient construction, this home is designed to help you live healthier and quieter while saving thousands of dollars in utility costs over time. Every detail combines comfort, convenience, and sustainability, creating a home that truly stands out. Now Zoned for Floyd Barksdale Middle School!

Investor Tools

$285,991Estimated Mortgage Balance
$298,009Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,504 /month
Positive
Cash Flow Estimate:
$1,168 /month

Interested in this property?

Janae Alvarez

Weichert, REALTORS - The Legacy Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,201/month
$608/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,496
$580,000
2025
$97,920
$482,080
$580,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,496
$580,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Imortgage.Com Inc
Conventional
$365,000
No
First
Apr 28, 2016
May 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,991
$298,009
51%
49%
$2,189/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,797/mo
+$1,063/mo
7.9%

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: Northlake

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1217 Indian Grass Lane | Property Details | No Agent List