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$1,610,000

2655 Johnson Rd, Southlake, TX, 76092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,109.94 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.76 acres

Building Information

Year Built1970

Land Information

APN343--24
Lot Number24
SubdivisionAllen, J G #18 Addition
Land UseResidential
Legal DescriptionALLEN, J G #18 ADDITION BLOCK LOT 24
Census Tract113912
Assessed Land Value$689,750
Assessed Improvement Value$152,878
Assessment Year2025

About this property

SELLER IS MOTIVATED!! Let's make your dreams come true on this rare 2.983-Acre Opportunity with Updated Home in a Prime Location Near Westlake & Southlake! This north-facing, interior lot offers the perfect canvas to build your dream estate in one of the most sought-after areas of DFW. The property features an updated 3-bedroom, 2-bath home with an open-concept layout, ideal for living comfortably while you design and build your new forever home, or as a charming residence to enjoy as-is. The spacious living area flows seamlessly to a large, covered patio, approximately 19 feet by 12 feet, perfect for relaxing or entertaining outdoors on beautiful Texas evenings. You'll also find a large storage building providing plenty of space for tools, equipment, or hobbies. The property is surrounded by mature trees, offering peace, privacy, and a serene setting rarely found so close to city amenities. Enjoy unmatched convenience with close proximity to DFW International Airport, minutes from upscale shopping, dining and entertainment at Southlake Town Center, or Vaquero Golf Club in Westlake and all its luxury offerings. Families will be delighted with potential open enrollment to the highly acclaimed Carroll ISD, one of the top-rated school districts in Texas. This property offers the perfect blend of luxury, and convenience, whether you envision renovating, expanding, or building entirely new, the possibilities here are limitless! Opportunities like this don’t come along often, schedule your private tour today! MOTIVATED SELLER - BRING ALL REASONABLE OFFERS!!

Investor Tools

Property Icon
$1,610,000
Estimated Property Value
$1,200,000Estimated Mortgage Balance
$497,815Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,388 /month
Positive
Cash Flow Estimate:
$3,796 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,800/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,546
$842,628
2025
$689,750
$152,878
$842,628
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,546
$842,628

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Purchase Money Mortgage
$1,200,000
No
First
Jun 16, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,112,185
$497,815
30%
69%
$7,195/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$7,195/mo
$-4,665/mo
1.9%

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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2655 Johnson Rd | Property Details | No Agent List