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$377,000

NAL Estimated Property Value

413 Lake Terrace Drive, Azle, TX, 76020

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,908 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.34 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Water Softener
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size11,212 sqft

Building Information

Year Built1984
Stories1
Garage Spaces2

Land Information

APN42200-D-18
Lot Number18
SubdivisionTimberlake Estates Addition
Land UseResidential
Legal DescriptionTIMBERLAKE ESTATES ADDITION BLOCK D LOT 18
Census Tract114205
Assessed Land Value$33,510
Assessed Improvement Value$303,651
Assessment Year2025

About this property

Spectacular home in desirable Timberlake Estates on Eagle Mountain Lake. All the right selections were made on this recently completed remodel. Featuring fresh paint, flooring, cabinets, quartz counters, appliances, huge walk in shower and much more. Currently a two bedroom with the second bedroom being 420 sq ft so easily could be turned into a three bedroom. Home is situated on a gorgeous corner lot with circle drive, also featuring a second drive to backyard with electric gate which would allow for boat parking. Neighborhood features include a private boat ramp, dock, beach and playground. Only 20 minutes to down town Fort Worth.*Multiple offers received, highest and best due Monday 8-16 at 9pm*

Investor Tools

Property Icon
$377,000
Estimated Property Value
$205,078Estimated Mortgage Balance
$171,922Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,262 /month
Positive
Cash Flow Estimate:
$754 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$580/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,080
$337,161
2025
$33,510
$303,651
$337,161
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,080
$337,161

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$225,000
No
First
Sep 23, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,078
$171,922
45%
54%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,200/mo
$1,549/mo
$-349/mo
3.8%

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: Azle

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413 Lake Terrace Drive | Property Details | No Agent List