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$1,522,000

NAL Estimated Property Value

1751 Spring Mountain Rd, Cross Roads, TX, 76227

Off MarketInfo
Beds6 Beds
Baths5 Bath
Baths5,287 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.69 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringHardwood

Exterior

Lot Size3.34 acres

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR183884
Lot Number18
SubdivisionSpring Mountain Ranch
Land UseResidential
Legal DescriptionSPRING MOUNTAIN RANCH LOT 18
Census Tract020121
Assessed Land Value$243,224
Assessed Improvement Value$605,165
Assessment Year2025

About this property

Once in a lifetime opportunity. Only 2 miles from great retail and dining on 380. Only about 15 minute drive to Denton Square. Property includes Main original home, second home which is connected via an indoor hallway, and even an efficiency apartment above the second home, complete with full bathroom and built-ins. Second home is basically its own 1 bedroom apartment on main level with modern finishes. All three spaces could can be accessed privately through exterior doors or common space (mudroom hall). Studio space would make a great oversized office, oversized bedroom, huge home theater or studio. It's all connected indoors so it could be used as one big house for one family, or it could be used as a multigenerational property and everyone has privacy! No carpet anywhere, a tremendous amount of beautiful nail down oak flooring. 3.3 acres of heavily wooded and very private property, within a community where all the homes and properties are very nice! Home is very remodeled with granite counters in both kitchens, nice light paint colors and updated bathrooms. Huge wraparound porches, front and back. New upgraded septic installed just a few years ago. Gas cooktop in main kitchen. Newer upgraded HVAC units. Brand new upgraded top-of-the-line hail resistant roof. Exterior of home has been freshly painted Dark nightcolor by Sherwin Williams. Thousands of dollars in recent landscaping and hardscaping. Brand new 4 car garage which can also double as a workshop. 25 x 40. Large firepiit. Most windows upgraded circa 2015. Main area of house has 4 bedrooms, office, 2 dining areas, 2.5 baths.

Investor Tools

Property Icon
$1,522,000
Estimated Property Value
$320,238Estimated Mortgage Balance
$1,201,762Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,132 /month
Positive
Cash Flow Estimate:
$3,044 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,539/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,863
$828,000
2025
$243,224
$605,165
$848,389
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,863
$828,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$403,200
No
First
Oct 26, 2016
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,238
$1,201,762
78%
21%
$2,418/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,680/mo
$2,418/mo
+$1,262/mo
2.9%

City: Cross Roads

1751 Spring Mountain Rd | Property Details | No Agent List