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$4,950,000

615 Brewer Rd, Southlake, TX, 76092

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths7,951 Sq Ft
OtherOther
price_per_sqft$622.56 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Private Entrance, Private Yard
Lot Size1.39 acres

Building Information

Year Built2001
Stories2
Garage Spaces5

Land Information

APN3468H-1-3
Lot Number3
SubdivisionBrewer Addition-Southlake
Land UseResidential
Legal DescriptionBREWER ADDITION-SOUTHLAKE BLOCK 1 LOT 3
Census Tract113912
Assessed Land Value$482,900
Assessed Improvement Value$1,391,584
Assessment Year2025

About this property

ATTENTION 1031 EXCHANGE INVESTORS! CHANCE OF A LIFETIME FOR MAXIMUM INCOME OPPORTUNITY! PROPERTY IS BEING SOLD TENANT OCCUPIED AT $25,000 - MONTH FOR 24 MONTHS. THIS PROPERTY COMES WITH A GUARANTEED PROPERTY BUY BACK AT THE END OF 24 MONTHS AT FULL PRICE. This is a total remodel-rebuild with 7951 sqft and is a modern masterpiece that sits beautifully on 1.38 acres with a Texas Exterior and California Interior. The multi-generational hm was built to manage life's transitions. Open, light and inviting, the living room, dining room and kitchen areas all overlook the backyard and pool. A chef's delight, the kitchen offers top of the line Bertazzoni appliances including induction and gas cooktops. Adjoining 2 Bdrm 2 Ba guesthouse with full kitchen, living and dining and 1100 fully finished out sqft upstairs to be used for potential office(s), workout room, game room, media room, or more bedrooms, you name it. *** Open enrollment to Carroll ISD***

Investor Tools

$696,435Estimated Mortgage Balance
$4,204,825Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$29,700 /month
Positive
Cash Flow Estimate:
$9,900 /month

Interested in this property?

Lesli Akers

Keller Williams Lake Travis

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,967/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$35,099
$1,874,484
2025
$482,900
$1,391,584
$1,874,484
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$35,099
$1,874,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fred Beshears
Purchase Money Mortgage
$500,000
No
First
Oct 22, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$696,435
$4,203,565
85%
14%
$4,497/mo

City: Southlake

615 Brewer Rd | Property Details | No Agent List