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$759,900

3405 Meridian Drive, Northlake, TX, 76226

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,630 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.34 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting, Private Yard
Lot Size9,487 sqft

Building Information

Year Built2016
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR657630
Lot Number24
SubdivisionCanyon Falls Village W7
Land UseResidential
Legal DescriptionCANYON FALLS VILLAGE W7 BLK D LOT 24
Census Tract020317
Assessed Land Value$137,130
Assessed Improvement Value$532,828
Assessment Year2025

About this property

*SHOWS LIKE A MODEL ON PICTURESQUE GREENBELT LOT IN POPULAR CANYON FALLS* Built by Meritage Homes this stunning energy efficient 4 OR 5 bedroom, 3.1 bath offers a wonderful open floor plan with private office, formal dining room, chefs kitchen with light grey cabinets, large center island, ss appliances & white quartz counters which opens to a spacious 2 story living room with floor to ceiling fireplace, custom built-ins & wall of windows with spectacular greenbelt views + private owners retreat. Upstairs you'll find 3 secondary bedrooms, a game room & flex room wired for surround sound that could serve as a media room, exercise room or 5th bedroom. The private backyard features a modern custom travertine patio with privacy wall & firepit on pool sized lot overlooking the lush rolling landscape. HOA fees include front yard mowing, cable tv, Internet & amenities including pool, fitness center, dog park, playground, and miles of walking trails. Better than new - no need to wait to build!

Investor Tools

Property Icon
$723,000
Estimated Property Value
$0Estimated Mortgage Balance
$70,422Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,559 /month
Positive
Cash Flow Estimate:
$1,520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,664/month
$625/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,348
$669,958
2025
$137,130
$532,828
$669,958
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,348
$669,958

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$683,910
No
First
Sep 22, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$652,578
$70,422
9%
90%
$4,265/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$4,890/mo
$-1,030/mo
6.4%

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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3405 Meridian Drive | Property Details | No Agent List