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$349,000

5206 Lookout Trail, Arlington, TX, 76017

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,842 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.47 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,697 sqft

Building Information

Year Built1993
Stories1
Garage Spaces2

Land Information

APN18200-5-4
Lot Number4
SubdivisionHighpoint Addition
Land UseResidential
Legal DescriptionHIGHPOINT ADDITION BLOCK 5 LOT 4
Census Tract111532
Assessed Land Value$55,000
Assessed Improvement Value$212,528
Assessment Year2025

About this property

Experience the perfect blend of custom craftsmanship and modern updates in this beautiful Steve Hawkins Custom Home. This thoughtfully designed property features a spacious, open-concept floor plan that flows seamlessly, accentuated by durable laminate and tile flooring throughout—absolutely no carpet anywhere! A chef's delight featuring sleek granite countertops, an elegant tile backsplash, a central island, and a convenient breakfast bar for casual dining. Enjoy ultimate flexibility with two distinct dining areas and two generous living spaces, including a large second living room perfect for a home office, playroom, or media center. Both the primary suite and guest bathrooms have been upgraded with modern finishes. The master bath offers a serene escape with a garden tub, separate walk-in shower, and a spacious walk-in closet. Situated in a highly convenient pocket of town, you are just minutes away from major transit via I-20 and 287, as well as premium local dining and shopping destinations. This move-in-ready gem combines custom quality with a low-maintenance lifestyle. Schedule your showing today!

Investor Tools

Property Icon
$348,000
Estimated Property Value
$0Estimated Mortgage Balance
$348,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

Interested in this property?

Sophia Shih

Shih's Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,962
$267,528
2025
$55,000
$212,528
$267,528
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,962
$267,528

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$348,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,010/mo
N/A
+$2,010/mo
6.9%

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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5206 Lookout Trail | Property Details | No Agent List