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$549,900

1516 Wolfberry Ln, Northlake, TX, 76226

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,873 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.4 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Tile, Wood

Exterior

Lot Size5,998 sqft

Building Information

Year Built2020
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR746599
Lot Number13
SubdivisionCanyon Falls Pennington Phase One
Land UseResidential
Legal DescriptionCANYON FALLS PENNINGTON PHASE ONE BLK A LOT 13
Census Tract020317
Assessed Land Value$96,000
Assessed Improvement Value$431,051
Assessment Year2025

About this property

Meticulously cared for and in nearly new condition two-story home in the desirable Canyon Falls community.Built by American Legend, features 4 bedrooms, with 2 conveniently located on the main floor.The first floor also boasts a private office with french doors, perfect for remote work or study. The heart of the home is bright and open with a modern kitchen that includes white cabinetry and elegant gold fixtures. You'll love the expansive granite countertops, offering ample space for meal prep and entertaining. The kitchen provides plenty of storage, ensuring all your culinary essentials are neatly organized and within easy reach. Upstairs, you’ll find a generously sized loft area and media room ideal for entertainment or relaxation. The home’s impressive double-height ceilings create an airy, open atmosphere, enhancing the overall sense of space and elegance. Outdoor extended patio and great size yard for pets, playground, even a pool! Free one year home warranty offered by seller.

Investor Tools

Property Icon
$530,000
Estimated Property Value
$0Estimated Mortgage Balance
$530,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,299 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,129/month
$693/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,896
$527,051
2025
$96,000
$431,051
$527,051
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,896
$527,051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$530,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$693/mo
+$3,167/mo
8.7%

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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1516 Wolfberry Ln | Property Details | No Agent List