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$1,521,000

NAL Estimated Property Value

565 Michener Ct, Southlake, TX, 76092

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,033 Sq Ft
price_per_sqft$243 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave
FlooringCarpet, Hardwood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size22,176 sqft

Building Information

Year Built2001
Stories2
Garage Spaces3

Land Information

APN7184C-1-8
Lot Number8
SubdivisionChesapeake Place Addition
Land UseResidential
Legal DescriptionCHESAPEAKE PLACE ADDITION BLOCK 1 LOT 8
Census Tract113912
Assessed Land Value$175,000
Assessed Improvement Value$727,155
Assessment Year2025

About this property

Beautifully updated 5-bedroom 4 bath with office, media-game room and loft on cul-de-sac in Chesapeake Place subdivision. Inside this spacious home you will find floor to ceiling windows in the living room with a great view of the oversized east facing backyard and pool. Kitchen features breakfast bar and eat-in area, lots of storage, new appliances, built-in microwave-oven combo, gas cooktop, and walk-in pantry. Master bedroom with ensuite features dual vanities, his and hers walk-in closets, free standing soaking tub and walk-in shower. First floor also has in-law bedroom with full bathroom just steps away. For those working from home, enjoy private office double glass doors and closet. Heading up to the second floor from either the front or rear staircase you will find 3 spacious bedrooms, media-game room, loft and 2 full bathrooms with dual sinks. Carol ISD now has open enrollment.

Investor Tools

Property Icon
$1,521,000
Estimated Property Value
$483,306Estimated Mortgage Balance
$1,037,694Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,126 /month
Positive
Cash Flow Estimate:
$3,042 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,849/month
$215/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,579
$902,155
2025
$175,000
$727,155
$902,155
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,579
$902,155

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T Gray Investment Fund Llc
Unknown
$515,000
No
First
Jan 13, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$483,306
$1,037,694
68%
32%
$3,088/mo

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: Southlake

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