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$440,000

$475,000

2348 Gray Dr, Northlake, TX, 76247

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,973 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.01 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,316 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR974524
Lot Number28
SubdivisionPecan Square Phase 2b-2
Land UseResidential
Legal DescriptionPECAN SQUARE PHASE 2B-2 BLK 2S LOT 28
Census Tract020314
Assessed Land Value$110,534
Assessed Improvement Value$442,617
Assessment Year2025

About this property

Welcome home to this beautifully designed two-story home located on a desirable corner lot in Northlake, Texas. This home combines comfort, style, and functionality with an open-concept layout perfect for everyday living and entertaining. Step inside to soaring ceilings, abundant natural light, and stunning wood flooring that flows throughout the main living areas. The living room opens seamlessly to the kitchen, featuring an oversized island, cabinetry, stylish pendant lighting, and a modern backsplash, creating a bright and inviting gathering space for family and friends. The private primary suite offers a peaceful retreat with large windows that fill the space with natural light and create an open, airy atmosphere. The spa-inspired ensuite bathroom features elegant marble-look tile flooring, a spacious glass-enclosed walk-in shower, dual vanities, and ample storage, providing the perfect blend of luxury and functionality for everyday living. Upstairs, a versatile flex space overlooks the main living area, enhancing the home's open and airy feel while providing the perfect spot for movie nights, a playroom, or additional living space. Outside, enjoy a generously sized backyard with a covered patio and plenty of room for entertaining, pets, or play. The 2-car garage is equipped with an EV charging plug and convenient hanging storage compartments, offering both practicality and organization. Situated in the highly sought-after Pecan Square community, residents enjoy incredible amenities including pools, parks, walking trails, fitness facilities, and year-round community events, all with convenient access to shopping, dining, and major highways.

Investor Tools

$297,812Estimated Mortgage Balance
$214,077Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,062 /month
Positive
Cash Flow Estimate:
$1,021 /month

Interested in this property?

Kimberly Reding

MAGNOLIA REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,092/month
$3,120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,551
$510,300
2025
$110,534
$442,617
$553,151
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,551
$510,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primary Residential Mortgage Inc
Conventional
$318,460
No
First
Nov 11, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,812
$212,488
41%
58%
$1,910/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,390/mo
$5,030/mo
$-2,640/mo
5.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Northlake

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2348 Gray Dr | Property Details | No Agent List