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$385,000

1505 Bailey Dr, Azle, TX, 76020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,733 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.16 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size17,032 sqft

Building Information

Year Built2001
Stories1
Garage Spaces2

Land Information

APN21280--25R
Lot Number25R
SubdivisionInwood Park Addition
Land UseResidential
Legal DescriptionINWOOD PARK ADDITION LOT 25R
Census Tract114205
Assessed Land Value$58,650
Assessed Improvement Value$279,406
Assessment Year2025

About this property

Don’t miss your chance to own this beautifully maintained 3-bedroom, 2-bath home just seconds from scenic Eagle Mountain Lake! Step inside to discover a light-filled, open-concept layout featuring luxury vinyl plank flooring, granite countertops, and stainless-steel appliances. The spacious living area flows effortlessly into a private, beautifully landscaped backyard—perfect for entertaining or relaxing in peace. Enjoy complete privacy in the backyard, already wired for additional lighting if desired. The large primary suite includes an ensuite bath with walk-in closet and plumbed for a future tub addition. Two generously sized secondary bedrooms share a full bath. Additional highlights include a side-entry garage, a sprinkler system, and two newer AC units (downstairs approx. 1 year old; attic approx. 2.5 years old). Homes this move-in ready and this close to the lake don’t come around often—schedule your private tour today!

Investor Tools

Property Icon
$382,000
Estimated Property Value
$100,000Estimated Mortgage Balance
$283,314Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$358/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,391
$338,056
2025
$58,650
$279,406
$338,056
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,391
$338,056

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$100,000
No
First
Aug 14, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,686
$283,314
74%
26%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$600/mo
+$990/mo
5.0%

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: Azle

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1505 Bailey Dr | Property Details | No Agent List