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$488,000

240 Timberlake Drive, Azle, TX, 76020

$591,040 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths2 Bath
Baths3,007 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.29 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

BankruptcyPre-ForeclosureHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Vented Exhaust Fan, Wine Cooler
FlooringTile, Vinyl

Exterior

Lot Size11,861 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APN42200-2-45
Lot Number45
SubdivisionTimberlake Estates Addition
Land UseResidential
Legal DescriptionTIMBERLAKE ESTATES ADDITION BLOCK 2 LOT 45
Census Tract114205
Assessed Land Value$40,845
Assessed Improvement Value$275,237
Assessment Year2025

About this property

Welcome to lake life living at its finest! This stunning 4-bedroom, 2-bath home offers the perfect blend of comfort, style, and entertainment with two spacious living areas, two cozy fireplaces, and thoughtful updates throughout. The beautifully remodeled kitchen is truly the heart of the home, featuring rich hardwood cabinetry, stunning waterfall-edge quartz countertops, matching quartz backsplash, stainless steel appliances, a convenient pot filler, and an abundance of storage, a kitchen designed for both everyday living and entertaining guests. Retreat to the oversized primary suite complete with custom built-in wall closets, creating both functionality and luxury. Upstairs has been thoughtfully converted into two additional bedrooms plus a versatile playroom or flex space, offering room for everyone. Fresh paint throughout gives the home a bright, clean, move-in-ready feel. Step outside and experience the lifestyle that makes this property a true showstopper. Enjoy private boat dock access and a community boat ramp, plus a beach area, playground, and swimming area perfect for making unforgettable memories with family and friends. Whether you’re entertaining guests or simply embracing peaceful lake living, this home was built to impress. A rare opportunity to enjoy the best of comfort, recreation, and lake community living all in one place!

Investor Tools

Property Icon
$402,000
Estimated Property Value
$0Estimated Mortgage Balance
$98,199Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$591,040
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,928 /month
Positive
Cash Flow Estimate:
$976 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$601/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,206
$316,082
2025
$40,845
$275,237
$316,082
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,206
$316,082

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homelight Home Loans Inc
Conventional
$304,239
No
First
May 20, 2026
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,801
$98,199
24%
76%
$1,825/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$2,075/mo
$-485/mo
4.7%

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: Azle

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240 Timberlake Drive | Property Details | No Agent List