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NoAgentList RatingHow are grades calculated? Info

$885,000

2404 Top Rail Lane, Southlake, TX, 76092

$1,084,710 ARVInfo
Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,981 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.68 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Lot Size19,833 sqft

Building Information

Year Built2008
Stories2
Garage Spaces4

Land Information

APN21869A-2-2
Lot Number2
SubdivisionJohnson Place Estates
Land UseResidential
Legal DescriptionJOHNSON PLACE ESTATES BLOCK 2 LOT 2
Census Tract113912
Assessed Land Value$300,000
Assessed Improvement Value$1,059,143
Assessment Year2025

About this property

Entertainer's Paradise! Beautiful Southlake home built by Toll Brothers. This 5 bedroom 4.5 bath - 4 car garage, is ready for move in. Kitchen features include: large kitchen island and extended bar seating, gas cooktop, built in fridge, open to one of two living rooms. There is a grand, formal dining area and a second living area, on the main floor. Oversized master bedroom is upstairs with two walk in closets. Beautiful master bath with separate vanities. Full bedroom and bath on the main floor. Dedicated study also on the main floor. The home is a North- South orientation, with a spacious, flat yard where a fantastic pool could be built. ***Open enrollment in Carroll ISD -packet available April 5th 2021***

Investor Tools

Property Icon
$1,736,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,078,988Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,084,710
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,416 /month
Positive
Cash Flow Estimate:
$3,472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,210/month
$2,057/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,834
$1,359,143
2025
$300,000
$1,059,143
$1,359,143
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,834
$1,359,143

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$544,800
No
First
May 28, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$657,012
$1,078,988
62%
38%
$4,356/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$6,413/mo
$-3,283/mo
2.2%

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: Southlake

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2404 Top Rail Lane | Property Details | No Agent List