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$395,000

NAL Estimated Property Value

5429 Blue Water Lake Dr, Fort Worth, TX, 76137

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,305 Sq Ft
price_per_sqft$175.7 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,669 sqft

Building Information

Year Built1991
Stories2
Garage Spaces2

Land Information

APN31565-39-8
Lot Number8
SubdivisionPark Glen Addition
Land UseResidential
Legal DescriptionPARK GLEN ADDITION BLOCK 39 LOT 8
Census Tract113920
Assessed Land Value$65,000
Assessed Improvement Value$261,000
Assessment Year2025

About this property

Welcome to this spacious and well-located 4-bedroom home in highly rated Keller ISD, offering an ideal blend of comfort, functionality, and value. The flexible layout features multiple living and dining areas, providing plenty of room for everyday living and entertaining. The kitchen includes stainless steel appliances and opens to the breakfast area and family room, creating a natural gathering space with views of the backyard and pool. The oversized game room was thoughtfully converted into a true 4th bedroom in 2019, complete with closet space, offering versatility for guests, multigenerational living, or a private office. The primary suite provides a quiet retreat with a sitting area, garden tub, separate shower, and walk-in closet. Secondary bedrooms are split from the primary for added privacy and also feature walk-in closets. Step outside to enjoy the generous backyard and inviting pool, resurfaced in 2022, offering a refreshing escape with room to relax, garden, or entertain. Major system upgrades include a new electrical panel (2020) and replacement of the main water line (2024)—valuable improvements that provide peace of mind for future owners. Located within walking distance of parks, playgrounds, trails, and everyday amenities, this home sits in one of the area’s most desirable and convenient neighborhoods. To help make it your own, the seller is offering a $10,000 flooring allowance with an acceptable offer, giving buyers an opportunity to update finishes to their personal style. This property offers space, flexibility, and significant recent improvements—ready for its next chapter in the sought-after Park Glen community.

Investor Tools

Property Icon
$395,000
Estimated Property Value
$219,620Estimated Mortgage Balance
$175,380Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$634/month
$110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,634
$326,000
2025
$65,000
$261,000
$326,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,634
$326,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Associated Mortgage Corp
Conventional
$247,200
No
First
Aug 21, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,620
$175,380
44%
56%
$1,483/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,030/mo
$1,593/mo
+$1,437/mo
9.2%

Learn About the Market: Opportunity in Fort Worth

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Explore

Fort Worth

Fort Worth has transformed into one of the fastest-growing large cities in America. Anchoring the western side of the Dallas–Fort Worth Metroplex, the city combines its historic cattle industry and western heritage with modern economic strength. Major employers include aerospace and defense firms, healthcare systems, transportation companies, and advanced manufacturers.

With over one million residents and continued population growth at one of the fastest rates among major U.S. cities, Fort Worth offers relatively affordable housing compared to many peer cities while maintaining the economic advantages of a major metropolitan area. From North Fort Worth growth corridors to established neighborhoods, the city attracts homebuyers, businesses, and new residents seeking opportunity and affordability.

Explore Texas Explore This Area
Population Growth

Population Growth

11.9% since 2020

Net Migration

Net Migration

Strong Positive Migration

Median Home Price

Median Home Price

$299,655

Unemployment Rate

Unemployment Rate

3.7%

Price Trend

Price Trend

-2.5% YoY

New Permits

New Permits

158K

City: Fort Worth

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