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$2,870,680

NAL Estimated Property Value

1649 Shady Creek Cir, Lucas, TX, 75002

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths7,336 Sq Ft
price_per_sqft$477.1 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Tankless Water Heater, Warming Drawer, Wine Cooler
FlooringBrick, Carpet, Tile, Wood, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting, Outdoor Kitchen, Private Yard, Outdoor Grill
Lot Size2.19 acres

Building Information

Year Built2012
Stories2
Garage Spaces9

Land Information

APNR-9633-00A-0050-1
Lot Number5
SubdivisionCreeks Of Forest Grove (Clu)
Land UseResidential
Legal DescriptionCREEKS OF FOREST GROVE (CLU), BLK A, LOT 5
Census Tract031419
Assessed Land Value$882,570
Assessed Improvement Value$1,988,110
Assessment Year2025

About this property

Experience this rare 2.19 acre creek lot and luxury home with rich southwestern and traditional character, a custom built estate by McCollum & Associates in the desirable Lucas, TX. The Creeks of Forest Grove is a gated community, offering extreme privacy and quietness, zone to the exemplary Love Joy ISD schools. Every detail of this high end home has been thoughtfully designed and meticulously crafted to offer both grandeur, warmth, and structural integrity. The heart of the home is the gourmet kitchen, boasting copper sinks, Wolf and Miele appliances, custom decorative panel cabinetry and more. Host unforgettable gatherings in the formal dining room, featuring a gorgeous chandelier, crown moulding, and oversized baseboards. Keep it casual in the oversized breakfast nook with arched stone details and a secondary stairwell, adding a touch of architectural charm. And don’t miss your very own wine room underneath the stairs. The living room is an entertainer’s dream with soaring ceilings, and a dramatic floor-to-ceiling stone fireplace. The bonus game room downstairs exudes a rustic aesthetic, complete with nailed down hand scraped hardwood flooring, a custom bar with ice maker, beer tap, and a third impressive stone fireplace. For movie nights and game days, the media room offers a built-in projector with screen and ambient sconces. Step outside to your private retreat, a resort-style backyard featuring a 90,000-gallon salt water pool with slide, three waterfall features, and hot tub. Make some core memories in the outdoor kitchen, unwind by the wood-burning fireplace under the covered patio, and enjoy sunsets framed by native Texas landscaping. There’s more, with a 7 car garage, you’ll never be short of space and storage, especially with it being 25’ deep and oversized heights, plus the garage has its very own storage room that has AC. Don't miss out on unmatched craftsmanship, timeless design, and resort-style living in this one-of-a-kind north Texas luxury home.

Investor Tools

Property Icon
$2,870,680
Estimated Property Value
$810,064Estimated Mortgage Balance
$2,060,616Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,466/month
$1,700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$39,244
$2,870,680
2025
$882,570
$1,988,110
$2,870,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$39,244
$2,870,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$991,300
No
First
Jul 24, 2017
Aug 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$810,064
$2,060,616
71%
28%
$5,944/mo

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: Lucas

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1649 Shady Creek Cir | Property Details | No Agent List