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Days99Days on Market
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$1,199,000

631 Lakeridge Drive, Fairview, TX, 75069

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,726 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.7 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Double Oven
FlooringCarpet, Tile, Wood

Exterior

Lot Size1.08 acres

Building Information

Year Built2003
Stories2
Garage Spaces2

Land Information

APNR-5030-00B-0070-1
Lot Number7
SubdivisionDomain (Cfv)
Land UseResidential
Legal DescriptionDOMAIN (CFV), BLK B, LOT 7
Census Tract031412
Assessed Land Value$297,000
Assessed Improvement Value$734,365
Assessment Year2025

About this property

Set on an acre behind a private gated entrance and directly across from the neighborhood lake, this one-owner Drees custom home offers genuine privacy, generous proportions, and ultra-low utility expenses. A grand two-story foyer with curved staircase, hand-scraped hardwoods, and iron-balustrade rail opens to formal living and dining rooms with crown molding and abundant natural light. The two-story family room features a wood-mantel fireplace, custom built-ins, and a soaring wall of glass that frames the expansive backyard and treetops beyond. The kitchen offers rich wood cabinetry, granite counters, dual islands with cooktop and prep space, stainless built-in appliances, and a turret breakfast nook with panoramic backyard views. A fully built-in study and a powder bath complete the main level. The downstairs primary suite is a quiet retreat with a curved wall, tray ceiling, and sitting area with art niche; its spa-style bath features dual granite vanities, a jetted corner tub, separate shower, and oversized walk-in closet. Upstairs, three generous secondary bedrooms (one en-suite, two sharing a Jack-and-Jill) sit beside a large game room with wet bar and wine storage, plus a tiered media room with projector and surround sound included. Recent and notable updates include fresh paint and new carpet throughout, many new windows, a Class 4 impact-resistant roof for added durability and potential insurance savings, fully owned Tesla Powerwall and rooftop solar for substantial utility savings, a three-car garage, and full yard irrigation. The level, fully fenced backyard offers room for a future pool, sport court, or outdoor kitchen, framed by mature shade trees with long sightlines across the property. A quiet street, a lakeside setting, and a move-in-ready home that shows even better in person.

Investor Tools

$0Estimated Mortgage Balance
$1,187,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

Interested in this property?

Tom Grisak

Keller Williams Realty Allen

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,055/month
$1,517/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,727
$1,031,365
2025
$297,000
$734,365
$1,031,365
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,727
$1,031,365

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,187,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,517/mo
+$1,055/mo
2.6%

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: Fairview

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631 Lakeridge Drive | Property Details | No Agent List