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$1,500,000

1937 Spring Dr, Keller, TX, 76262

On MarketInfo
Baths1 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$714.29 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size2.00 acres

Building Information

Year Built1984
Stories2
Garage Spaces3

Land Information

APN8890-4-4
Lot Number4
SubdivisionCross Timbers Acres Addition
Land UseResidential
Legal DescriptionCROSS TIMBERS ACRES ADDITION BLOCK 4 LOT 4
Census Tract113954
Assessed Land Value$599,400
Assessed Improvement Value$230,600
Assessment Year2025

About this property

Set back among mature oak trees on two heavily wooded acres, this colonial-style farmhouse blends classic charm with room to breathe. Situated on a quiet cul-de-sac, a wraparound porch welcomes you home, leading into generously sized living spaces throughout. The main house offers three bedrooms and two-and-a-half baths, giving families comfortable, flexible living space. A detached two-car garage includes a versatile bonus room with an additional bathroom— perfect as guest bedroom, a home office, studio, or extra storage — separate from the main living quarters. Outside, an in-ground pool creates the perfect backdrop for warm Texas evenings. With no HOA restrictions, you're free to make this property your own. The lot sits directly across from Westlake Ranch on Pearson Lane, offering a rare combination of privacy and convenience. The property falls within Keller ISD, adding excellent school options to this private, wooded setting. Location is unbeatable: about 5 minutes to Vaquero, 10 minutes to Southlake Town Square, and 15 minutes to DFW Airport. Wooded, private, and full of character — this is a rare find in the heart of North Texas.

Investor Tools

$839,636Estimated Mortgage Balance
$38,364Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

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Tiffany Caballero

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,325
$830,000
2025
$599,400
$230,600
$830,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,325
$830,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Waterstone Mortgage Corp
Conventional
$458,000
No
First
Mar 15, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$839,636
$38,364
4%
96%
$4,899/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$4,899/mo
$-2,739/mo
3.0%

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: Keller

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