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$479,000

NAL Estimated Property Value

3507 Lake Tahoe Dr, Arlington, TX, 76016

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,679 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.5 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBalcony, Lighting
Lot Size11,996 sqft

Building Information

Year Built1986
Stories2
Garage Spaces3

Land Information

APN12760C-A-7
Lot Number7
SubdivisionEnchanted Lake Estate
Land UseResidential
Legal DescriptionENCHANTED LAKE ESTATE BLOCK A LOT 7 & PART OF COMMON AREA
Census Tract121609
Assessed Land Value$67,500
Assessed Improvement Value$360,713
Assessment Year2025

About this property

**MULTI-OFFER DEADLINE MON 4-22 AT 12:00** Right in the hub of Enchanted Lake Estates and an AMAZING view of Lake Arlington, this newly updated home shines! Enter this soft contemporary home via the new double doors and take in the grand living, dining and kitchen spaces in one glance. The re-envisioned kitchen is all new with beautiful fixtures, honed granite countertops, a new gas range, and an island. Because everyone hangs out in the kitchen. The fireplace stays true to it's contemporary roots and is the focal point of the space. To say there is an abundance of natural light would be an understatement. The primary bedroom is downstairs with French doors to the back patio and a lavishly updated bath with soaking tub. There is a second bedroom downstairs with 3 closets and beautiful ensuite bath. Upstairs, find a 2nd living area with a huge balcony overlooking the lake and park, plus two more very generously sized bedrooms and a full bath.

Investor Tools

Property Icon
$479,000
Estimated Property Value
$397,194Estimated Mortgage Balance
$81,806Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,030 /month
Positive
Cash Flow Estimate:
$1,010 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$885/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,219
$428,213
2025
$67,500
$360,713
$428,213
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,219
$428,213

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nuwave Lending Llc
Conventional
$412,000
No
First
May 23, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$397,194
$81,806
17%
83%
$2,471/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$3,071/mo
$-481/mo
6.5%

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: Arlington

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3507 Lake Tahoe Dr | Property Details | No Agent List