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$1,631,000

NAL Estimated Property Value

1224 Strathmore Drive, Southlake, TX, 76092

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths4,587 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$261.17 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesLighting
Lot Size17,598 sqft

Building Information

Year Built1998
Stories2
Garage Spaces3

Land Information

APN42168C-24-13
Lot Number13
SubdivisionTimarron Addn - Strathmore
Land UseResidential
Legal DescriptionTIMARRON ADDN - STRATHMORE BLOCK 24 LOT 13
Census Tract113958
Assessed Land Value$312,500
Assessed Improvement Value$1,064,081
Assessment Year2025

About this property

Beautiful home on a desirable golf course lot in the heart of Southlake! Excellent floorplan and extensively updated. The inviting foyer with sweeping staircase leads to the formal dining and living areas. The gourmet kitchen is completely updated featuring quartz counters, double oven, sub-zero fridge, built-in wine cooler, and more. With a wall of windows overlooking the gorgeous backyard, the family room offers a towering stone fireplace. Versatile den off the breakfast room with cozy fireplace. The master suite has a private patio overlooking the golf course and a light and bright luxurious bath. Located in the desirable Timarron addition home to Timarron Country Club and Byron Nelson designed golf course.

Investor Tools

Property Icon
$1,631,000
Estimated Property Value
$722,173Estimated Mortgage Balance
$908,827Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,786 /month
Positive
Cash Flow Estimate:
$3,262 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,345/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,991
$1,376,581
2025
$312,500
$1,064,081
$1,376,581
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,991
$1,376,581

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Airlines Fcu
Conventional
$800,000
No
First
Apr 8, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$722,173
$908,827
55%
44%
$4,797/mo

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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1224 Strathmore Drive | Property Details | No Agent List