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$385,000

NAL Estimated Property Value

1616 Lexington Pl, Bedford, TX, 76022

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,156 Sq Ft
price_per_sqft$178.57 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Gas Water Heater, Microwave
FlooringConcrete, Luxury Vinyl Plank, Painted Stained

Exterior

Private PoolPrivate Pool
Lot Size7,566 sqft

Building Information

Year Built1976
Stories1
Garage Spaces1

Land Information

APN14370-G-5
Lot Number5
SubdivisionForest Ridge Addition
Land UseResidential
Legal DescriptionFOREST RIDGE ADDITION BLOCK G LOT 5
Census Tract113618
Assessed Land Value$65,000
Assessed Improvement Value$320,000
Assessment Year2025

About this property

This pool has just been re-plastered and ready for new owners to enjoy! There is even a private pool potty only accessible from the backyard. Step inside and see all the other updates that have been done as well. Some of the updates include a new roof and gutters as of June 2023. The HVAC system was newly installed in 2022, guaranteeing efficient climate control and year-round comfort. The electrical panel was al so updated in 2021, ensuring safety and reliability.A new mini-split was installed in the game room, providing added comfort.You will discover a thoughtfully renovated interior with fresh paint throughout much of the house. The new luxury vinyl plank flooring paired with the stained concrete is easy to maintain and very durable. The bathrooms have been tastefully updated. The updated pool equipment makes for easy maintenance. New ceiling fans promote airflow and energy efficiency. This one is move in ready and won't last!

Investor Tools

Property Icon
$385,000
Estimated Property Value
$331,904Estimated Mortgage Balance
$53,096Estimated Equity
13% 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
$826/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,991
$385,000
2025
$65,000
$320,000
$385,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,991
$385,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Fha
$334,822
Yes
First
Nov 14, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,904
$53,096
13%
86%
$2,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$2,008/mo
$-8/mo
6.2%

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: Bedford

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1616 Lexington Pl | Property Details | No Agent List