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$350,000

4503 Lake Park Drive, Arlington, TX, 76016

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,975 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.22 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesCourtyard, Rain Gutters
Lot Size9,997 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN23205-D-2
Lot Number2
SubdivisionLake Park Est Addn-Arlington
Land UseResidential
Legal DescriptionLAKE PARK EST ADDN-ARLINGTON BLOCK D LOT 2
Census Tract121609
Assessed Land Value$55,000
Assessed Improvement Value$266,065
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. SELLER ASKING FOR HIGHEST AND BEST BY 2PM ON MON. MAY 18TH. Well maintained home offers timeless character, thoughtful updates and inviting layout. Elevated brick walkway, lush landscaping and charming front entry create warm, welcoming first impression. Inside, rich hand-scraped hardwood floors - recently cleaned and polished - flow throughout main living spaces, adding warmth and elegance. Fresh interior paint, new carpeting, new double paned windows and abundant natural light make entire property feel refreshed, bright and move-in ready. Spacious living room centers around classic brick fireplace w raised hearth and glass doors, creating the perfect setting for cozy evenings, holiday gatherings or relaxing weekends at home. Kitchen blends functionality and charm w extensive cabinetry, granite countertops, updated fixtures and all new kitchen appliances. Generous breakfast bar and adjoining dining spaces create seamless flow for entertaining and everyday meals. Large windows and glass doors frame views of peaceful courtyard-style patio bringing outdoors in creating ideal indoor-outdoor living experience. Primary retreat offers true private escape split from other bedrooms w space to unwind and recharge. Spa-inspired bath features dual sinks, large soaking tub, separate shower and abundant storage; while additional bedrooms can easily adapt to a home office, workout room, hobby space or guest accommodations. Step outside to enjoy private courtyard-style patio surrounded by mature landscaping and shade trees offering perfect setting for morning coffee, outdoor dining or simply enjoying the quiet serenity. Rear-entry garage adds convenience while maintaining home’s attractive curb appeal. Property offers convenient access to Lake Arlington, parks, walking trails, shopping, dining, entertainment and major highways for an easy commute. Combining classic charm, meaningful updates and a location to love.

Investor Tools

Property Icon
$350,000
Estimated Property Value
$0Estimated Mortgage Balance
$350,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$232/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,030
$321,065
2025
$55,000
$266,065
$321,065
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,030
$321,065

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$350,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
N/A
+$2,590/mo
8.9%

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.

Explore Texas Explore This Area
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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