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$1,118,000

NAL Estimated Property Value

2420 Greenbough Lane, Southlake, TX, 76092

Off MarketInfo
Baths2,025 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1966

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesPlayground, Private Yard, Storage
Lot Size1 acre

Building Information

Year Built1966
Stories1
Garage Spaces2

Land Information

APNA 525-2B11
SubdivisionFreeman, Samuel Survey
Land UseResidential
Legal DescriptionFREEMAN, SAMUEL SURVEY ABSTRACT 525 TRACT 2B11
Census Tract113707
Assessed Land Value$525,000
Assessed Improvement Value$347,984
Assessment Year2025

About this property

Secluded 1-acre, heavily treed lot in Exclusive Shady Lane neighborhood. This homesite features the rare combination of country charm and ideal central location in the heart of Southlake. You will feel like you are in the country while also being a short 7 minute drive from DFW airport and 2 minutes away from world class restaurants and entertainment. The opportunities are endless with this sprawling lot. Many homes in the neighborhood are being torn down and rebuilt with large 5+ million dollar custom homes. The Cul de sac street brings very little traffic and adds to the private feel of the location. The home site will include wooded privacy on 3 sides, over 70 mature oak trees and plenty of room for kids, dogs or both! Enjoy the occasional deer and wildlife that adds to the country feel. Carroll Independent School District is a top rated public school district in Texas.

Investor Tools

Property Icon
$1,118,000
Estimated Property Value
$641,481Estimated Mortgage Balance
$476,519Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,708 /month
Positive
Cash Flow Estimate:
$2,236 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,738/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,268
$872,984
2025
$525,000
$347,984
$872,984
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,268
$872,984

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Unknown
$678,825
No
First
May 25, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$641,481
$476,519
42%
57%
$4,070/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$4,070/mo
$-1,540/mo
2.7%

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.

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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: Southlake

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2420 Greenbough Lane | Property Details | No Agent List