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$1,774,000

NAL Estimated Property Value

1515 N Carroll Avenue, Southlake, TX, 76092

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,633 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.07 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size1.66 acres

Building Information

Year Built1993
Stories2
Garage Spaces5

Land Information

APN46503-1-38
Lot Number38
SubdivisionWhispering Dell Estates Addn
Land UseResidential
Legal DescriptionWHISPERING DELL ESTATES ADDN BLOCK 1 LOT 38
Census Tract113956
Assessed Land Value$686,480
Assessed Improvement Value$713,520
Assessment Year2025

About this property

Incredible Carroll ISD home designed for the car collector at heart*Climate controlled 34x33 showroom garage PLUS oversized 3 car garage*This wonderful home offers 5 beds, 5 baths and a 1,304 sqft Trophy room-game room*Would also be a great guest quarters with private entrance*Stunning hand scraped hardwoods throughout majority of 1st floor*Elegant contemporary feel with updated kitchen and baths*Quartz counters*Upstairs oversized 5th bedroom which is currently serving as kids game room*Kids on the swim team?? This 25 yard long 3 lane wide pool is guaranteed not to disappoint*Located in the heart of Southlake on Carroll Ave*Heavily wooded 1.66 acre lot directly across from the Carillon ponds and trails*NO HOA!

Investor Tools

Property Icon
$1,774,000
Estimated Property Value
$2,012,803Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,644 /month
Positive
Cash Flow Estimate:
$3,548 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,227/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,849
$1,400,000
2025
$686,480
$713,520
$1,400,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,849
$1,400,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certified Funding Lp
Stand Alone Second / Subordinate Position
$289,000
No
First
Feb 7, 2020
Feb 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,012,803
N/A
0%
113%
$12,834/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$12,834/mo
$-9,704/mo
2.1%

Learn About the Market: Opportunity in Texas

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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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1515 N Carroll Avenue | Property Details | No Agent List