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$1,400,000

501 Oak Brook Dr, Lucas, TX, 75002

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,611 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$303.62 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Double Oven, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Rain Gutters, Lighting, Outdoor Kitchen, Playground, Private Yard
Lot Size2.01 acres

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR-3722-004-0040-1
Lot Number4
SubdivisionForest Creek Estates (Clu)
Land UseResidential
Legal DescriptionFOREST CREEK ESTATES (CLU), BLK 4, LOT 4
Census Tract031419
Assessed Land Value$622,480
Assessed Improvement Value$627,520
Assessment Year2025

About this property

One of a kind corner lot home on 2 acres in Lovejoy ISD with no HOA. Hidden away in Lucas this wonderful home brings relaxation and convenience to the city. Interior of home was completely remodeled in 2021 including marble counter-tops & tile wood floors throughout home. Upon entering you'll find a formal living area & private office followed by the main living area overlooking pool, cabana, & beautiful backyard. Spacious kitchen with SS appliances, large island with 2nd sink, abundance of cabinet space, & large walk-in pantry. Oversized primary bedroom with sitting area with views of backyard. Retreat to the bath with jetted tub, walk-in shower, & custom closet. Upstairs you'll find a 3rd living area with a bonus room plus 2 beds & 2 full baths with walk-in showers. Above the garage is a large bonus room with separate staircase. This impressive home has tons of privacy with walkways throughout backyard.

Investor Tools

Property Icon
$1,357,000
Estimated Property Value
$760,000Estimated Mortgage Balance
$627,883Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,400 /month
Positive
Cash Flow Estimate:
$2,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,385
$1,250,000
2025
$622,480
$627,520
$1,250,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,385
$1,250,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$760,000
No
First
Feb 26, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$729,117
$627,883
46%
54%
$4,557/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$4,557/mo
$-1,207/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: Lucas

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501 Oak Brook Dr | Property Details | No Agent List