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$1,150,000

404 Timber Lake Dr, Southlake, TX, 76092

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,829 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$300.34 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Hardwood, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size17,015 sqft

Building Information

Year Built1994
Stories2
Garage Spaces3

Land Information

APN42178C-2-13
Lot Number13
SubdivisionTimber Lake Addn Sec 1
Land UseResidential
Legal DescriptionTIMBER LAKE ADDN SEC 1 BLOCK 2 LOT 13 & PT CE
Census Tract113908
Assessed Land Value$292,950
Assessed Improvement Value$655,851
Assessment Year2025

About this property

Truly a MUST SEE of Timber Lake in the nationally recognized Carroll ISD! Premier location off 1709 in the heart of Southlake; just a short drive to Town Square, Timarron Country Club, Bicentennial Park, and many other local amenities. Do not miss all the nearby walking trails, playgrounds, and HOA pop-up events (like May 18th Taco Night at the pool)! Enter to soaring high ceilings, hardwood floors, TONS of natural light across the first floor, renovated in every room and ready to move in! Great entertaining areas inside and outside the home with pool, spa, and waterfall. Many wonderful home features include the larger lot, chef's kitchen with center island and tons of storage, open concept living, three car garage, and multiple areas to entertain and relax. DO NOT MISS the two full bathrooms upstairs, expansive backyard space, and pool wetroom off the patio!

Investor Tools

Property Icon
$1,253,000
Estimated Property Value
$903,000Estimated Mortgage Balance
$306,790Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,518 /month
Positive
Cash Flow Estimate:
$2,506 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,900/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,532
$948,801
2025
$292,950
$655,851
$948,801
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,532
$948,801

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Conventional
$903,000
No
First
Aug 3, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$946,210
$306,790
24%
76%
$5,948/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$7,148/mo
$-4,018/mo
3.0%

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: Southlake

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