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B+
NoAgentList RatingHow are grades calculated?Info

$391,360

NAL Estimated Property Value

2362 Trace Ridge Drive, Weatherford, TX, 76087

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,131 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Exterior FeaturesOther
Lot Size13,242 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN14635-003-002-00
Lot Number2R
SubdivisionLockwood Estates
Land UseResidential
Legal DescriptionACRES: 0.304 LOT: 2R BLK: 3 SUBD: LOCKWOOD ESTATES
Census Tract140708
Assessed Land Value$50,000
Assessed Improvement Value$341,360
Assessment Year2025

About this property

Located near I-20, shopping, restaurants, and entertainment is this 4BR, 2BA home in Lockwood Estates. Situated on an oversized lot this property features a fenced backyard, beautiful landscaping, and an outdoor kitchen under the covered patio, leaving plenty for a storage shed or play structure. Inside the split bedroom design provides privacy while also allowing for each of the spacious bedrooms to have an abundance of natural light. Cozy up next to the wood-burning fireplace during the cold winter nights. The kitchen and dining area are located near the living room providing a semi open floor plan allowing for entertainment to be a breeze. The 4th bedroom would also make a great office. No H.O.A.

Investor Tools

Property Icon
$391,360
Estimated Property Value
$244,959Estimated Mortgage Balance
$146,401Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,348 /month
Positive
Cash Flow Estimate:
$783 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$391,360
2025
$50,000
$341,360
$391,360
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$391,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lhm Financial Corp
Fha
$272,964
Yes
First
Jan 21, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,959
$146,401
37%
63%
$1,637/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: Weatherford

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2362 Trace Ridge Drive | Property Details | No Agent List