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$723,000

NAL Estimated Property Value

1609 Strait Ln, Flower Mound, TX, 75028

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,218 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$231.51 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,217 sqft

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR177320
Lot Number18
SubdivisionThe Oaks Of Shadow Ridge
Land UseResidential
Legal DescriptionTHE OAKS OF SHADOW RIDGE BLK A LOT 18
Census Tract021727
Assessed Land Value$138,285
Assessed Improvement Value$529,252
Assessment Year2025

About this property

*Buyer got cold feet* The perfect Flower Mound home located on a quiet cul-de-sac! This home is move-in ready and has been meticulously maintained. Home features 4 bedrms + Office, game room AND media room! Gorgeous handscraped hardwoods in all main areas and TONS of upgrades throughout! Gourmet kitchen features massive eat-in island w leathered granite, dbl. ovens, gas cooktop and butlers pantry. Spacious living room w picture windows overlooking backyard & cozy stone fireplace. Private masters' retreat features completely renovated bathroom w massive walk-in shower and soaking tub. Upstairs you will find 3 bedrooms, game room & media room. Relax in your backyard retreat with sparkling pool & spa. Home backs up to private treed area w creek. Conveniently located close to shopping, dining and award-winning schools! Solar panel payments will be transferred to buyer upon closing and payments will continue until solar panels are paid off, at which point they will be fully owned.

Investor Tools

Property Icon
$723,000
Estimated Property Value
$568,932Estimated Mortgage Balance
$154,068Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,470 /month
Positive
Cash Flow Estimate:
$1,490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,100/month
$380/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,588
$667,537
2025
$138,285
$529,252
$667,537
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,588
$667,537

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$600,000
No
First
Jul 11, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$568,932
$154,068
21%
79%
$3,598/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,850/mo
$3,978/mo
$-128/mo
6.4%

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.

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: Flower Mound

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1609 Strait Ln | Property Details | No Agent List