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$1,175,000

1581 Main Street, Southlake, TX, 76092

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths3,535 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$332.39 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Tankless Water Heater, Gas Water Heater
FlooringCeramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size3,315 sqft

Building Information

Year Built2006
Stories3
Garage Spaces2

Land Information

APN39618B-24-16
Lot Number16
SubdivisionSouthlake Town Square Brownsto
Land UseResidential
Legal DescriptionSOUTHLAKE TOWN SQUARE BROWNSTO BLOCK 24 LOT 16
Census Tract113956
Assessed Land Value$500,000
Assessed Improvement Value$680,961
Assessment Year2025

About this property

Gorgeous 3 story brownstone has been completely renovated with upscale designer finishes! Exquisite lighting, hardware, wood floors, & Ann Sacks marble tile. First floor is perfect for entertaining. Beautifully appointed Dining room for formal occasions, open Kitchen, casual Dining, and Family room with linear direct vent gas fp. Covered outdoor living has beverage & wine fridges, gas grill, two seating areas & lush landscaping surrounding a Claffey spool! The 2nd story has the Utility rm & 2 bedrms, including the Master suite with sitting area, luxurious bathrm & custom closet. 3rd story has 2nd Master suite & huge Gameroom with wet bar, wine & beverage fridges, micro, & icemaker. Elevator accesses all floors.

Investor Tools

Property Icon
$1,584,000
Estimated Property Value
$0Estimated Mortgage Balance
$127,043Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,504 /month
Positive
Cash Flow Estimate:
$3,168 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,145/month
$2,016/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,820
$1,180,961
2025
$500,000
$680,961
$1,180,961
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,820
$1,180,961

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Deephaven Mortgage Llc
Conventional
$802,500
No
First
Jun 25, 2019
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,456,957
$127,043
8%
92%
$9,624/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$11,640/mo
$-9,110/mo
1.9%

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: Southlake

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1581 Main Street | Property Details | No Agent List