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$1,550,000

620 Preakness Park, Lucas, TX, 75002

PendingInfo
Beds4 Beds
Baths5 Bath
Baths4,530 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$342.16 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Gas Water Heater, Microwave, Double Oven, Vented Exhaust Fan
FlooringCarpet, Hardwood, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue
Lot Size2.04 acres

Building Information

Year Built2013
Stories1
Garage Spaces4

Land Information

APNR-10348-00A-0180-1
Lot Number18
SubdivisionBelmont Park (Clu)
Land UseResidential
Legal DescriptionBELMONT PARK (CLU), BLK A, LOT 18
Census Tract031326
Assessed Land Value$821,556
Assessed Improvement Value$1,174,373
Assessment Year2025

About this property

Tucked away on a quiet cul-de-sac street in highly sought-after Lovejoy ISD, this exceptional single-story estate offers a rare opportunity to own a private, acreage retreat without sacrificing proximity to everything you need. Set on 2 beautifully treed acres with a serene wooded backdrop, the property immediately evokes a sense of calm, space, and seclusion - something increasingly difficult to find. Designed for both everyday comfort and elevated entertaining, the home unfolds with intention, offering expansive living spaces, soaring ceilings, and rich architectural detail throughout. At the heart of the home, the main living area is anchored by a dramatic stone fireplace and framed by walls of windows that draw the outdoors in. The open-concept design flows effortlessly into the kitchen and dining spaces, creating an environment that feels both connected and refined. Step outside and the experience continues. The backyard is a true extension of the home - complete with a sparkling pool, spa, and a covered patio featuring an outdoor fireplace and built-in grill. Whether hosting under the stars or enjoying a quiet evening at home, this space was designed to be lived in year-round. With four spacious bedrooms (with en-suites) and thoughtfully designed private spaces, the home offers flexibility for multi-generational living, guests, or dedicated work-from-home environments - all without compromise. For the discerning buyer, the five-car garage is a standout feature, offering not only ample storage but the ability to accommodate a boat or recreational vehicle - perfect for weekends at nearby Lake Lavon. Opportunities like this are few and far between: a single-story home of this scale, on acreage, with amenities, in one of the area’s most coveted school districts. This is more than a home - it’s a lifestyle. Schedule your private showing today!

Investor Tools

$432,903Estimated Mortgage Balance
$1,565,670Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,976 /month
Positive
Cash Flow Estimate:
$3,992 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,854/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,271
$1,995,929
2025
$821,556
$1,174,373
$1,995,929
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,271
$1,995,929

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$578,700
No
First
Dec 16, 2014
Jan 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,903
$1,563,026
78%
22%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$500/mo
+$2,850/mo
2.0%

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: Lucas

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620 Preakness Park | Property Details | No Agent List