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$1,139,000

NAL Estimated Property Value

3343 Cambridge Drive, Northlake, TX, 76247

Off MarketInfo
Baths0 Bath
Baths4,375 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1.04 acres

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR1008055
Lot Number7
SubdivisionThe Highlands Phase 3a
Land UseCommercial
Legal DescriptionTHE HIGHLANDS PHASE 3A BLK H LOT 7
Census Tract020314
Assessed Land Value$296,823
Assessed Improvement Value$729,434
Assessment Year2025

About this property

Best lot value in The Highlands. Build your own home, bring your own builder on this 1 Acre developed residential lot in recently approved phase 3A in the desired The Highlands at Northlake addition. Lot is ready to bench and build. This beautiful community includes all 1 acre plus lots and stunning custom homes. This is one of a very few available and is the best value. Individuals and builders will appreciate this rare opportunity. Come and drive the community, look at the location and get ready to build the home you have always wanted. The lot has electric, water and gas available for tie-in. A septic sewage system will need to be installed by the purchaser to serve the home that is built. Lot is subject to The Highlands District PID. There is no time frame requirement for beginning the approval and building process.

Investor Tools

Property Icon
$1,139,000
Estimated Property Value
$389,072Estimated Mortgage Balance
$749,928Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,834 /month
Positive
Cash Flow Estimate:
$2,278 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,886/month
$960/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,938
$1,026,257
2025
$296,823
$729,434
$1,026,257
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,938
$1,026,257

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$401,000
No
First
Sep 9, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,072
$749,928
65%
34%
$2,405/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,120/mo
$3,365/mo
$-245/mo
3.3%

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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3343 Cambridge Drive | Property Details | No Agent List