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$1,791,000

NAL Estimated Property Value

3040 Lake Dr, Southlake, TX, 76092

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,875 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$364.08 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Marble, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Lighting, Outdoor Grill
Lot Size20,038 sqft

Building Information

Year Built2017
Garage Spaces3

Land Information

APN7235--9
Lot Number9
SubdivisionChildress, John # 254 Addition
Land UseResidential
Legal DescriptionCHILDRESS, JOHN # 254 ADDITION LOT 9 PER PLAT D214133223
Census Tract113955
Assessed Land Value$345,000
Assessed Improvement Value$1,355,000
Assessment Year2025

About this property

A rare Southlake find, located in Carroll ISD and steps away from Grapevine Lake. Ready for immediate move in. The meticulously maintained home has no HOA. Enjoy evening sunsets on one of the two back patios of this east west facing home. With 5 bedrooms, the primary and second bedroom are located on the first level. A split floorplan allows all family members their own space. The open floorplan has a gourmet kitchen with ss commercial grade appliances, butler's pantry, wet bar, walk in pantry, oversized island with quartz countertops and much more. The heart of the home is the living room with soaring ceilings, built in storage and stone fireplace, and a wall of windows overlooking the back patio. A dedicated study with built in storage and shelves is just off the front foyer. The sprawling iron staircase leads you to the second level with three bedrooms, a media room and second gameroom with it's own dedicated covered patio. The ground floor patio has a gas FP and grill area. Sitting at just under a half acre there is plenty of space for play, a pool or something else to build. With no HOA there are few restrictions. See supplemental section for feature list and offer guidelines.

Investor Tools

Property Icon
$1,791,000
Estimated Property Value
$1,320,041Estimated Mortgage Balance
$470,959Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,746 /month
Positive
Cash Flow Estimate:
$3,582 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,126/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,555
$1,700,000
2025
$345,000
$1,355,000
$1,700,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,555
$1,700,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Conventional
$1,352,000
No
First
Jan 29, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,320,041
$470,959
26%
74%
$8,106/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.

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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3040 Lake Dr | Property Details | No Agent List