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$1,194,000

615 Shady Lane, Southlake, TX, 76092

Off MarketInfo
Baths0 Bath
Baths1,350 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1966

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2 acres

Building Information

Year Built1966
Stories1
Garage Spaces3

Land Information

APNA 525-2B01
SubdivisionFreeman, Samuel Survey
Land UseResidential
Legal DescriptionFREEMAN, SAMUEL SURVEY ABSTRACT 525 TRACT 2B01
Census Tract113707
Assessed Land Value$698,900
Assessed Improvement Value$1,100
Assessment Year2025

About this property

One of a Kind Estate Property Located in Carroll ISD. Gorgeous Acreage with a Creek & Hundreds of Oak Trees. City will NOT subdivide this parcel. You can build 2 Single Family Homes on this property. 10 minutes to DFW International Airport. Easy Access to 114, 121, 360, 635 & Toll Roads. No HOA. Property located on the Corner of Shady Ln & Greenbough has multiple access points. This Property being Sold as Unimproved Land Only. The House is Uninhabitable. Please DO NOT Attempt to Enter Structure or Walk on Deck. 2 Acres with a Creek. Surrounded by Estate Properties.

Investor Tools

Property Icon
$1,194,000
Estimated Property Value
$0Estimated Mortgage Balance
$605,429Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,164 /month
Positive
Cash Flow Estimate:
$2,388 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,243
$700,000
2025
$698,900
$1,100
$700,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,243
$700,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Purchase Money Mortgage
$652,000
No
First
Apr 30, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$588,571
$605,429
50%
49%
$3,910/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$3,910/mo
$-1,380/mo
2.5%

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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615 Shady Lane | Property Details | No Agent List