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$340,000

7005 Crater Lake Drive, Arlington, TX, 76016

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,423 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.32 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size9,357 sqft

Building Information

Year Built1981
Garage Spaces2

Land Information

APN12760C---S----9---50
Lot Number9
Land UseResidential Single Family
Legal DescriptionENCHANTED LAKE ESTATE BLOCK S LOT 9 & PART OF COMMON AREA 66.67% UNDIVIDED INTEREST
Census Tract121609
Assessed Land Value$50,002
Assessed Improvement Value$245,888
Assessment Year2025

About this property

MULTIPLE OFFERS, highest & best due by 5pm Sat, Oct 10th. Enjoy outdoor living at its finest in this absolutely beautiful backyard complete with sparkling inground pool, waterfall, spa, and pergola, perfect for relaxing or entertaining year round. This very well-maintained home is located in Arlington’s premier neighborhood, just a short walk from Lake Arlington. Recently updated w fresh paint & carpet in bedrooms, the home boasts high ceilings & lots of wndows that take in the bkyd view. Spacious kitchen w abundance of cabinets is perfect for multiple cooks, & boasts granite countertops. High beamed ceiling in den w custom built-ins, gas FP & wet bar. MBR has door to patio; 2 vanities & sinks, 2 closets.

Investor Tools

Property Icon
$372,000
Estimated Property Value
$0Estimated Mortgage Balance
$372,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,232 /month
Positive
Cash Flow Estimate:
$744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,036
$295,890
2025
$50,002
$245,888
$295,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,036
$295,890

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$372,000
100%
0%
$0/mo

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: Arlington

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7005 Crater Lake Drive | Property Details | No Agent List