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$1,699,999

3232 Cambridge Dr, Northlake, TX, 76247

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,068 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$417.9 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Ice Maker, Indoor Grill, Microwave, Double Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBarbecue, Built-in Barbecue, Fire Pit, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen
Lot Size1.04 acres

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR1008047
Lot Number16
SubdivisionThe Highlands Phase 3a
Land UseCommercial
Legal DescriptionTHE HIGHLANDS PHASE 3A BLK I LOT 16
Census Tract020314
Assessed Land Value$237,282
Assessed Improvement Value$794,678
Assessment Year2025

About this property

Welcome to The Summit, a French Modern Transitional Masterpiece in the Highlands of Northlake. Located at 3232 Cambridge, this 5 bedroom 4 bathroom new home by Independence Custom Homes celebrating 25 years of excellence combines timeless elegance with modern functionality. Boasting a French Modern Transitional design, The Summit offers a seamless blend of sophistication and comfort. With most of the living space on the first floor, the layout is perfect for families and entertainers. Highlights include a chef-inspired kitchen with premium finishes and a built-in sitting area, an inviting open-concept living room with natural light, and a spacious game room upstairs for added flexibility. The fifth bedroom is a flex room, giving you the freedom to use it as a home office, gym, media room, or anything else to suit your lifestyle. The primary suite is a luxurious retreat, featuring a steam shower with a built-in sauna and a large walk-in closet. Step outside to enjoy the outdoor kitchen and living area, ideal for entertaining or relaxing evenings. Located in the Highlands of Northlake, this home offers suburban serenity just 20 minutes from DFW Airport and 30 minutes from Downtown Fort Worth making it perfect for those who value both convenience and luxury. Experience elevated living in one of Texas’ fastest-growing towns. Schedule your private tour of 3232 Cambridge Drive today!

Investor Tools

Property Icon
$1,031,960
Estimated Property Value
$1,100,000Estimated Mortgage Balance
$0Estimated Equity
-7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,200 /month
Positive
Cash Flow Estimate:
$3,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$854/month
$980/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,090
$1,031,960
2025
$237,282
$794,678
$1,031,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,090
$1,031,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$1,100,000
No
First
Apr 28, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,086,000
N/A
0%
105%
$6,773/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,120/mo
$7,753/mo
$-4,633/mo
3.6%

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: Northlake

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3232 Cambridge Dr | Property Details | No Agent List