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$385,000

5706 Trail Lake Dr, Arlington, TX, 76016

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,975 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.94 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size18,221 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN23190-5-9
Lot Number9
SubdivisionLake Hill Estates Addition
Land UseResidential
Legal DescriptionLAKE HILL ESTATES ADDITION BLOCK 5 LOT 9
Census Tract121608
Assessed Land Value$75,000
Assessed Improvement Value$223,334
Assessment Year2025

About this property

Set on one of the largest lots in the neighborhood, with nearly half an acre and access from both the front and rear of the property, this beautifully updated 3-bedroom, 2-bath home offers rare space, mature trees, and exceptional privacy in the sought-after Lake Hill Estates neighborhood. Enjoy the convenience of being within walking distance of Ditto Elementary, a National Blue Ribbon School. Inside, thoughtful updates blend seamlessly with the home's timeless character. The inviting living room is anchored by a classic brick fireplace, creating a warm and welcoming gathering space. The updated kitchen features granite countertops, a stacked stone backsplash, a farmhouse sink, and a cozy breakfast nook overlooking the backyard. The primary suite offers a peaceful retreat with an updated double-sink vanity and energy-efficient windows. Behind the scenes, the home's major systems have already been upgraded, including a high-efficiency two-stage HVAC system, premium spray foam insulation, a new water heater, whole-home surge protection, and EV charger-ready infrastructure. Outside, an impact-resistant shingle roof may qualify for homeowners insurance discounts, while an extensive French drain and surface drain system helps protect the property during heavy Texas rains. The backyard is designed for both relaxation and entertaining, featuring a sparkling pool with a stone diving rock, a covered patio with string lighting, and a brand-new 8-foot stained cedar privacy fence beneath a canopy of mature oak trees. A recently cleaned and inspected chimney adds another turnkey detail buyers will appreciate. Conveniently located near I-20, Highway 287, and Green Oaks Boulevard, this home combines an easy commute with the quiet, established charm of one of West Arlington's most desirable neighborhoods.

Investor Tools

Property Icon
$359,000
Estimated Property Value
$325,375Estimated Mortgage Balance
$64,706Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Brittney Kosev

BK Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$655/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,069
$298,334
2025
$75,000
$223,334
$298,334
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,069
$298,334

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$325,375
No
First
Jul 2, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$296,000
$63,000
17%
82%
$1,951/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$1,951/mo
+$639/mo
8.7%

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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5706 Trail Lake Dr | Property Details | No Agent List