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$702,000

NAL Estimated Property Value

1940 Summer Lane, Keller, TX, 76262

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,979 Sq Ft
price_per_sqft$202.07 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size35,506 sqft

Building Information

Year Built1983
Garage Spaces2

Land Information

APN40684-2-21
Lot Number21
SubdivisionSummer Ridge Estates Addn
Land UseResidential
Legal DescriptionSUMMER RIDGE ESTATES ADDN BLOCK 2 LOT 21
Census Tract113954
Assessed Land Value$130,000
Assessed Improvement Value$275,660
Assessment Year2025

About this property

Fantastic fixer upper in prime location at the edge of north Keller, Westlake & Southlake with a Premium 0.8+ acre lot. Sought after location with a top feeder pattern in Keller ISD. No HOA. Bring your design ideas and create the home of your dreams. Priced accordingly for an AS-IS sale.

Investor Tools

Property Icon
$702,000
Estimated Property Value
$360,908Estimated Mortgage Balance
$341,092Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,212 /month
Positive
Cash Flow Estimate:
$1,404 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$875/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,992
$405,660
2025
$130,000
$275,660
$405,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,992
$405,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
General Mortgage Capital Corp
Conventional
$388,000
No
First
Aug 2, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,908
$341,092
48%
51%
$2,327/mo

City: Keller

1940 Summer Lane | Property Details | No Agent List