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$498,000

NAL Estimated Property Value

640 Reese Lane, Azle, TX, 76020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,914 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.15 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size1.39 acres

Building Information

Year Built2005
Garage Spaces2

Land Information

APN21662-021-001-00
Land UseResidential
Legal DescriptionACRES: 1.390 TR: BLK: SURV: JACOB WILCOX
Census Tract140414
Assessed Land Value$118,320
Assessed Improvement Value$292,140
Assessment Year2025

About this property

Charming Single Story Home Located Just Outside of City Limits! Benefit from a Less Than Two Percent Tax Rate. Front Living Space Leads into Updated Open Kitchen & Dining. Kitchen Highlighted w-WHITE Cabinets, SS Appliances, & Eat-At Island. Split Bedrooms & Light and Bright! 3-2-2 with FLEX SPACE Currently Used As Nursery. Secondary Bedrooms Feature NEW CARPET & Ceiling Fans. SPACIOUS MASTER Includes Laminate Floors, Garden Tub, Separate Shower & Dual Vanities. Extended Covered Patio Provides Space to Relax. 30x40 Shop-Built in 2016-with Electric, 10ft Doors & Decking. New Tankless Water Heater Installed 2020. HIGH SPEED INTERNET Available! Enjoy the Wildlife In Your Own Front Yard! This One Won't Last Long!

Investor Tools

Property Icon
$498,000
Estimated Property Value
$240,151Estimated Mortgage Balance
$257,849Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,988 /month
Positive
Cash Flow Estimate:
$996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$410,460
2025
$118,320
$292,140
$410,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$410,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$265,000
No
First
Jun 18, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,151
$257,849
51%
48%
$1,589/mo

City: Azle

640 Reese Lane | Property Details | No Agent List