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$1,189,000

NAL Estimated Property Value

685 Oak Hill Drive, Southlake, TX, 76092

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,436 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$240.1 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size20,177 sqft

Building Information

Year Built1993
Stories2
Garage Spaces3

Land Information

APN30587H-2-2
Lot Number2
SubdivisionOak Hill Estates (Southlake)
Land UseResidential
Legal DescriptionOAK HILL ESTATES (SOUTHLAKE) BLOCK 2 LOT 2
Census Tract113906
Assessed Land Value$347,475
Assessed Improvement Value$365,025
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED! DEADLINE AUG 10 AT 1 PM. AMAZING BACKYARD OASIS on almost half acre in heart of Southlake. The private backyard was built in 2015 and boasts diving pool, spa, cabana w built-in kitchen, firepit, surround sound (10 speakers + 1 subwoofer), beautiful landscaping, and plenty of grass left for kids or pets to play. Home has 4 bedrooms, 3.5 baths, has been beautifully updated with modern neutral colors, has Smarthome technology that allows you to control lighting thru Alexa, has remote control shades in living & kitchen, and whole home surround sound system. New AC was installed March 2021 and new windows in 2013. Walk to Bicentennial Park, Durham Interm, 9th & 10th Grade Campus, and more!

Investor Tools

Property Icon
$1,189,000
Estimated Property Value
$726,494Estimated Mortgage Balance
$462,506Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,134 /month
Positive
Cash Flow Estimate:
$2,378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,507/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,143
$712,500
2025
$347,475
$365,025
$712,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,143
$712,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$724,000
No
First
Sep 9, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$726,494
$462,506
38%
61%
$4,761/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$5,011/mo
$-2,481/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.

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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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685 Oak Hill Drive | Property Details | No Agent List