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$1,200,000

$1,225,000

505 Shadow Wood Lane, Heath, TX, 75032

On MarketInfo
Price DropInfo
Beds4 Beds
Baths6 Bath
Baths3,604 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$332.96 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 6Bathrooms Full 6
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Double Oven, Refrigerator, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Outdoor Kitchen, Outdoor Shower, Outdoor Grill
Lot Size22,216 sqft

Building Information

Year Built2018
Stories1
Garage Spaces4

Land Information

APNS3833-000F-0008-00-0R
Lot Number8
SubdivisionHeath Crossing Ph 2b 3a
Land UseResidential
Legal DescriptionHEATH CROSSING PH 2B & 3A, BLOCK F, LOT 8
Census Tract040507
Assessed Land Value$375,000
Assessed Improvement Value$861,116
Assessment Year2025

About this property

Welcome to this beautifully designed one-story home in the highly sought-after community of Heath Crossing, where thoughtful design meets elevated everyday living. From the moment you step inside, you’re greeted by an open-concept layout filled with natural light, soaring beamed ceilings, plantation shutters throughout, and a warm, inviting living space complete with custom built-ins, cabinetry, and a wine fridge, perfect for entertaining. The chef’s kitchen is both stunning and functional, featuring a built-in refrigerator, double ovens, vent hood, 6-burner KitchenAid gas cooktop with pot filler, and gorgeous decorative lighting that adds warmth and character throughout the home. The spacious primary suite offers a true retreat with a custom-designed closet, oversized walk-in shower, separate soaking tub, and dual vanities. Another standout feature is the secondary primary suite, complete with its own private entrance near the garage, making it an ideal setup for guests or multigenerational living. All additional bedrooms also feature walk-in closets and en-suite bathrooms, offering comfort and privacy throughout. A dedicated study at the front of the home is an ideal flex space, home office, or playroom. Step outside to a beautifully designed outdoor living space made for year-round enjoyment, complete with an extended covered patio, outdoor fireplace, full outdoor kitchen, and even an outdoor bathroom with shower. Backing to peaceful green space for added privacy, the backyard was thoughtfully designed with the fence line extended to the property boundary to allow plenty of room for a future pool if desired. Residents will also enjoy the convenience of a nearby nature trail within walking distance. With an ideal layout, exceptional upgrades, and carefully curated features throughout, this home offers the perfect blend of comfort, luxury, and functionality.

Investor Tools

$973,162Estimated Mortgage Balance
$262,954Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,417 /month
Positive
Cash Flow Estimate:
$2,472 /month

Interested in this property?

Morgan Puritz

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,040/month
$272/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,294
$1,236,116
2025
$375,000
$861,116
$1,236,116
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,294
$1,236,116

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Va
$1,050,000
Yes
First
Aug 30, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$973,162
$262,954
21%
79%
$6,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$6,568/mo
$-3,558/mo
2.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Heath

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505 Shadow Wood Lane | Property Details | No Agent List